Taaleem rings market opening bell to celebrate listing, trading on Dubai Financial Market

Taaleem rings market opening bell to celebrate listing, trading on Dubai Financial Market

DUBAI, 29th November, 2022 (WAM) – The Dubai Financial Market (DFM) today welcomed the listing of shares of Taaleem Holdings Group PJSC (Taaleem), one of the largest education service providers in the UAE with a portfolio of 26 schools and more than 27,000 students. The new listing marks another milestone in a momentous year for DFM through the public offering and listing of five leading government-related and private companies. The momentum also underscores the success of the strategic plan for the development of Dubai's capital markets and the quality and integration of the Emirate’s capital markets infrastructure.

To celebrate the listing, Khalid Al Tayer, Chairman of Taaleem, rang DFM market opening bell in the presence of His Excellency Helal Al Marri, Chairman of DFM, Alan Williamson, CEO of Taaleem Group and Hamed Ali, CEO of DFM and Nasdaq Dubai among several other officials.

Taaleem’s shares began trading under the symbol “TAALEEM”, following the successful public offering which raised AED 750 million, giving Taaleem a market capitalization of AED 3 billion on admission and a share price of AED 3.00.

The offering saw strong investor demand with oversubscription of 18 times and a total of AED 13.7 billion in orders, a clear testament to