Dubai: Private school operator Taaleem looking to raise Dh750 million in IPO

Dubai: Private school operator Taaleem looking to raise Dh750 million in IPO

The offering to individual subscribers in its first tranche which will comprise of 10 per cent of its shares starts on November 10

Published: Mon 31 Oct 2022, 11:40 AM

Private school operator Taaleem is looking to raise as much as Dh750 million ($204.21 million) from an initial public offering in Dubai to expand its premium K-12 schools network.

Taaleem Holdings PJSC (a public joint stock company under conversion) (the “Company” or “Taaleem”), one of the largest K-12 premium education providers in the UAE with a portfolio consisting of 26 schools, announced this on Monday.

The offering to individual subscribers in its first tranche which will comprise of 10 per cent of its shares starts on November 10.

It will offer 88 per cent of its shares to professional investors in its second tranche on November 17, and eligible employees and parents in the third Third Tranche will be offered 2 per cent.

Commenting on the launch of Taaleem’s IPO, the Chairman of Taaleem’s Board of Directors, Khalid Ahmed Humaid Matar Altayer, said, “I am immensely proud of Taaleem as it takes this significant, milestone step in its growth journey. Taaleem has evolved over nearly 20 years into one of the largest premium schools operators in