Skip to content Skip to Search
Skip navigation

UAE’s Taaleem to raise $204m from IPO on Dubai bourse

Taaleem operates in one of the fastest-growing premium K-12 markets in the GCC Supplied
Taaleem operates in one of the fastest-growing premium K-12 markets in the GCC

Taaleem Holdings, the UAE-based K-12 premium education provider with 26 schools, will launch an initial public offering on the Dubai Financial Market to raise AED 750 million ($204.19 million) to expand its network.

The company will offer 10 percent of its shares to retail investors starting November 10 and 88 percent to professional investors on November 17, it said in its intention to float document.

The remaining two percent will be offered to eligible employees and eligible parents.

The final offer price will be determined through a book-building process, with the listing expected around November 29.

Taaleem’s chief executive officer Alan Williamson said the company operates in one of the fastest-growing premium K-12 markets in the GCC, a market backed by strong economic drivers and government ambition. 

He added that the company caters to rapidly growing segments in the private education market and is the only schools group involved in all three of the UAE’s government-partnership programmes.

EFG Hermes UAE and Emirates NBD Capital have been appointed as joint lead managers for the Shariah-compliant offering, the document stated.

According to the latest EY Mena IPO Eye report, the Mena region witnessed a 288 percent year-on-year increase in the number of companies listing between January and September, raising $14.7 billion in total – up 550 percent on the same period last year.

Latest articles

Photography, Clothing, Glove

Qatar signs 15-year urea supply pact with US company

Qatar, the world’s second-largest exporter of urea, has signed a long-term urea supply agreement with US-based Koch Fertilizer.  The 15-year agreement, starting in July, will lead to the supply of up to 0.74 million tonnes per annum (MTPA) of urea, state-backed QatarEnergy said in a statement. Locally manufactured urea will be supplied to the agricultural […]

Adnoc's Ruwais LNG project. The company has approved capital expenditure of $150 billion for 2023-2027

Adnoc to reach its 5m bpd oil target before 2027

Abu Dhabi National Oil Company (Adnoc) is likely to reach its 5 million barrel per day (bpd) oil production capacity expansion by the end of next year or early 2026, Bloomberg reported, citing people aware of the operations. The oil company announced in November 2022 that the new target was to be achieved by 2027 […]

A seller at a souq in Oman. The country has been given a stable outlook, thanks to the positive impact of budget reforms and falling debt

Oman to use budget surplus to repay nearly $3bn debt

Oman is expected to repay nearly $3 billion in external debt in the first half of 2024, driven by the budget surplus from high oil prices, Fitch Ratings said in a new report. The resulting 10 percent decline in external debt from the end of 2023 is faster than forecast last September. The rating agency affirmed the Gulf state’s […]

Dubai's Palm Jebel Ali will eventually be home to 35,000 families

Infrastructure work to start on relaunched Palm Jebel Ali

Work has commenced on Dubai’s Palm Jebel Ali mega project with the award of new infrastructure contracts. Among the contracts is one to build a 6km-long public access road from Sheikh Zayed Road to the palm-shaped master development, Nakheel, the developer of the man-made palm-shaped island, said in a statement. DBB Contracting, a local contractor, […]