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.”