Keen students enrol to bring Taaleem ‘record’ revenues

Keen students enrol to bring Taaleem ‘record’ revenues

Revenues at the UAE schools operator Taaleem grew by 11.5 percent to a record AED258.7 million ($70.4 million) in the first quarter of the 2023-2024 academic year ending November 30, compared to the same period in 2022-2023, it said on Friday.  Taaleem, which listed on Dubai Financial Market stock exchange in November 2022, also posted […]

31 schools in UAE

Enrolment up 26.6%

Building four new schools

Revenues at the UAE schools operator Taaleem grew by 11.5 percent to a record AED258.7 million ($70.4 million) in the first quarter of the 2023-2024 academic year ending November 30, compared to the same period in 2022-2023, it said on Friday. 

Taaleem, which listed on Dubai Financial Market stock exchange in November 2022, also posted a 60.5 percent year-on-year rise in net profits, to AED81.6 million ($22 million).

It recorded total student enrolment of 35,715 for the academic year, up 26.6 percent, and another record for the company.  

Taaleem attributed the strong performance to “enrolment growth, [acquisition of] additional schools, interest gains on cash reserves and low debt position”.

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Enrolment growth was fuelled by a 38.9 percent year-on-year