Taaleem profits rise with surge in UAE student numbers

Taaleem profits rise with surge in UAE student numbers

An increase in student enrolments by more than one-third helped UAE schools operator Taaleem achieve a 53 percent increase in annual profits for the first half of the 2023-24 academic year. Taaleem, which operates schools on behalf of the Abu Dhabi, Dubai and UAE federal governments, said student numbers across its portfolio of 32 UAE […]

Schools operator’s revenue up 15%

Enrolments increase by one third

Commitment to four new schools

An increase in student enrolments by more than one-third helped UAE schools operator Taaleem achieve a 53 percent increase in annual profits for the first half of the 2023-24 academic year.

Taaleem, which operates schools on behalf of the Abu Dhabi, Dubai and UAE federal governments, said student numbers across its portfolio of 32 UAE schools rose to almost 38,000. 

The company, which listed on the Dubai Financial Market stock exchange in November 2022, said this helped to boost its bottom line to AED183 million ($50 million).

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Revenues were up 15 percent at AED549 million, while net debt dropped 30 percent to AED454 million.  

Enrolment growth was fuelled by a 52 percent year-on-year increase in students in its government partnership division and a 10 percent increase