Amanat Stake Puts AED 1 bn Value on Taaleem

Dubai-listed investor Amanat Holdings is now the largest shareholder in primary and secondary education provider Taaleem.
Amanat Stake Puts AED 1 bn Value on Taaleem
By Veathika
Do your children attend a UAE school? Take our survey and help other parents.
WhichSchoolAdvisor's annual school survey.
LET'S GO

Dubai-listed firm Amanat Holding has increased its stake in Taaleem Holdings.

The company has bought a further 5.3% stake in Taleem for AED 52 million. With a total 21.7% stake, Amanat Holding has become Taaleem’s largest investor.

The investent values the UAE based education company at just shy of AED 1 billion.

Hamad Al Shamsi, chairman of Amanat Holdings, told The National that Taaleem Holdings had been its first investment in the education sector in the UAE, and "we were always keen on increasing our stake in it at the right price as we firmly believed in its model and positioning.”

“Taaleem’s like-minded management team also complements our approach to growing the business and the development of the UAE Education sector,” he said.

Taaleem, currently operates 10 facilities - seven schools and three nurseries in the UAE and has a capacity of 11,000 students with current enrolment figures of around 9,000.

The company offers education across multiple curricula, including British, American and International Baccalaureate, as well as a multi-lingual early childhood programme.

Shamsheer Vayalil, vice chairman and managing director of Amanat, said: “Our focus for the coming months will be to continue working closely with the Taaleem team to expand student enrollment and capacity and drive growth for the company.”

Comments
Latest UAE articles
Society

Masks Off, Smiles Out! How Schools Celebrated

The news that so many parents, teachers and students had been waiting for finally became…

Wellbeing

The Masks Are Off! (But The Anxiety is On...)

As parents, teachers and students rejoice at the ending of the requirement to wear masks…

Society

NCEMA, KHDA: No More Masks in Schools

The National Crisis and Disaster Management Authority (NCEMA) has announced that childre…

Society

Covid Briefing: Will School Protocols Change?

The UAE’s National Emergency Crisis and Disaster Management Authority (NCEMA) anno…

New Schools

Arcadia Global Readies for 2023 Launch

Arcadia Global School has made a significant step in the journey towards launch in t…

Parenting

Ask The Experts: No Confidence in Teacher

A parent says they do not feel confident in a new teacher who they believe lacks passion…

Society

Pictures: OOEHS Al Ain Celebrates 30 Years

CBSE curriculum school, Our Own English High School Al Ain, celebrated its 30th anniversa…

Society

Work Begins on Dubai College's New C-Hub

Dubai College has marked the beginning of construction of its new C-Hub building in a c…

0 Schools Selected
keyboard_arrow_down keyboard_arrow_up
Your selection Clear All