National Bonds acquires additional 5% stake in Taaleem

National Bonds acquires additional 5% stake in Taaleem

Sharia-compliant saving and investment firm National Bonds Company has acquired an additional 5 per cent stake in the Taaleem Holding Group. This makes the largest shareholder in Taaleem with a 22 per cent stake. The acquisition represents the largest of its kind since the holding group listed and traded its shares on the Dubai Financial Market in November 2022. The strategic move is part of National Bonds’ continuous effort to strengthen its presence in the education sector and aligns with its strategy to invest in vital educational services. Taaleem, formerly known as ‘Madaares’, was established in 2006 by National Bonds Corporation and other investors. Over the past 17 years, it has become as one of the largest providers of distinguished educational services from kindergarten to grade 12 in the UAE. Currently, Taaleem operates 26 schools with 27,000 students, supported by more than 1,700 faculty members and 3,000 administrative staff. Taaleem conducted an (IPO) at the end of the last year, listing its shares on the Dubai Financial Market. The IPO was well-received, with oversubscription of more than 18 times. It became the first educational service provider to be listed in the UAE. Mohammed Qasim Al Ali, the chief executive officer