Taaleem announces its intention to float on the Dubai Financial Market

Taaleem announces its intention to float on the Dubai Financial Market

Dubai, UAE: Taaleem Holdings PJSC (a public joint stock company under conversion) (the “Company” or “Taaleem”), one of the largest K-12 premium education providers in the UAE with a portfolio consisting of 26 schools, today announces its intention to proceed with an initial public offering (the “IPO” or the “Offering”) and to list its ordinary shares (the “Shares”) for trading on the Dubai Financial Market (the “DFM”). More information on the Offering is available on the following webpage: https://www.taaleem.ae/ipo.

KEY HIGHLIGHTS OF THE OFFERING

Intention to list on the DFM

Taaleem seeks to raise total capital of AED 750,000,000 (Seven Hundred and Fifty Million) via the Offering

The Offering is a primary issuance only, and the Company intends to use the net proceeds from the Offering to expand its premium K-12 schools network

The Offering comprises Individual Subscribers (First Tranche), Professional Investors (Second Tranche), and Eligible Employees and Eligible Parents (Third Tranche)

The subscription period will open on 10 November 2022 and end on 16 November 2022 for UAE Retail Investors, Eligible Employees and Eligible Parents, and on 17 November 2022 for Professional Investors

The Company reserves the right to amend the Offering and the tranche sizes at any time prior to the end of the subscription