Dubai, UAE
National Bonds Company, a Sharia-compliant saving and investment company, said, it has acquired additional 5 percent stake in Taaleem Holding Group, in addition to the 17 percent stake held before, making it the largest shareholder in Taaleem with a 22 percent stake.
In a significant milestone for the education sector in the UAE, Taaleem conducted an initial public offering (IPO) in November 2022, listing its shares on the Dubai Financial Market. The IPO was well-received, with oversubscription of more than 18 times. Taaleem became the first educational service provider to be listed in the UAE.
Mohammed Qasim Al Ali, Chief Executive Officer of National Bonds Corporation, said the acquisition, emphasises the company’s commitment to supporting the education sector’s pivotal role in the sustainable development of the UAE. He also highlighted the contribution to the country’s vision of economic diversification and knowledge-based growth, fostering a prosperous future for future generations.
Al Ali stated that the new investment in Taaleem will enhance National Bonds’ investment portfolio, enabling sustainable returns that are not significantly influenced by market cycles. This transaction demonstrates the company’s confidence in the successes achieved by the “Taaleem” Group in line with National Bonds’ investment strategy.
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 over 1,700 faculty members and 3,000 administrative staff.
“National Bonds’ strategic move is expected to encourage other investors to consider seriously the education sector in UAE, opening up more opportunities for investments in the field and supporting the quality of education for future generations,” the company said in a statement.
