DFM-listed school operator Taaleem scored Dh199.8m as net profit for nine months ending May

DFM-listed school operator Taaleem scored Dh199.8m as net profit for nine months ending May

Dubai: The Dubai-based school operator Taaleem saw net profit zoom 34.9 per cent for the nine months to end May, totalling Dh199.8 million and helped by a 36.2 per cent year-on-year increase in student enrolments. At the end of May, the number of students in the various schools operated and owned by the company were 28,563. The company, which is listed on DFM, has seen its stock price pick up significant investor attention in recent weeks, helped by National Bonds announcing a 5 per cent stake buy in it. According to Khalid Al Tayer, Chairman, “Our outstanding performance for the nine-month period reflects our dedication to providing high-quality education at an affordable price point and the ongoing execution of our 5-Year Strategy. We expect to continue to maintain our strong growth trajectory as we open in total four new Premium schools in the coming years and expand our participation in government public-private partnership initiatives."