Taaleem aims to double revenues after 60% profit rise

Taaleem aims to double revenues after 60% profit rise

Taaleem, the UAE schools operator, plans to double its revenues by 2028 by opening “at least one school every two years”, managing more government schools and diversifying into early years, its chief executive told AGBI.  The company, which has low debt, has yet to deploy the proceeds of its AED750 million ($204 million) initial public […]

$204m IPO money currently untouched

New school planned every two years

Looking at early years sector

Taaleem, the UAE schools operator, plans to double its revenues by 2028 by opening “at least one school every two years”, managing more government schools and diversifying into early years, its chief executive told AGBI. 

The company, which has low debt, has yet to deploy the proceeds of its AED750 million ($204 million) initial public offering in 2022.

It does not expect to raise any more cash to fund its expansion in the medium term “unless something incredibly ambitious came across our desk, which would be in relation to a major acquisition of a similar sized group within the UAE or GCC,” CEO Alan Williamson said. 

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There are currently no talks taking place, Williamson said,