Home Industry Education National Bonds increases stake in Taaleem to 22% Taaleem operates 26 schools with 27,000 students, supported by more than 1,700 faculty members and 3,000 administrative staff in the UAE by Gulf Business June 5, 2023 Image: National Bonds Corporation Sharia-compliant saving and investment firm National Bonds Company has acquired an additional 5 per cent stake in the Taaleem Holding Group. This makes National Bonds the largest shareholder in Taaleem with a 22 per cent stake. The acquisition represents the largest of its kind since the holding group listed and traded its shares on the Dubai Financial Market in November 2022. The strategic move is part of National Bonds’ continuous effort to strengthen its presence in the education sector and aligns with its strategy to invest in vital educational services. Taaleem network of schools in the UAE 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 more than 1,700 faculty members and 3,000 administrative staff. Taaleem conducted an initial public offering (IPO) at the end of the last year, listing its shares on the Dubai Financial Market. The IPO was well-received, with oversubscription of more than 18 times. It became the first educational service provider to be listed in the UAE. Mohammed Qasim Al Ali, the chief executive officer of National Bonds Corporation, expressed his enthusiasm for the acquisition, emphasising 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. Tags Education IPO National Bonds Taaleem Holding Group UAE 0 Comments You might also like Mubadala has $330bn in assets under management, says CEO How the UAE’s VAT system is evolving and improving UAE: Avail a 50% discount on traffic fines in these 4 emirates OPEC+ delays oil output hike until April, extends cuts into 2026