School Operator Taaleem Seeks to Raise $204.21 in IPO Document
- Publish date: Thursday، 22 December 2022 Reading time: 1 min read | Last update: Friday، 20 December 2024
- Related articles
- NAIA Terminal Fees to Increase by Up to 90% Starting September 2025
- Kuwait Tightens Car Rental Rules to Protect Consumers
- Mom Faces Heartbreaking Dilemma After Daughter’s Lonely Summer Camp Phone Call
Taaleem, a Dubai school operator, said on Monday it planned to raise 750 million dirhams ($204.21 million) in an initial public offering (IPO) to expand its premium schools network.
Read More: Salik Increases Its IPO Offer to 24.9%
Read More: DEWA Increases IPO Size to 17%
Taaleem will offer 10% of its shares to retail investors starting November 10, and 88% of its shares to professional investors on November 17, with a listing expected around Nov. 29, it said in its intention to float document.
We are excited to announce our intention to list on @DFMalerts . We are the 2nd largest premium education provider in the UAE with a portfolio of 26 schools.
— Taaleem (@Taaleem) October 31, 2022
Subscriptions open on Thursday 10 November.
For more information, visit https://t.co/0GPFK3JkXD pic.twitter.com/Nut8IWW4EP
Another 2% will be offered to eligible employees and eligible parents, it added.
This article was previously published on UAE Moments. To see the original article, click here
Have feedback on this article? We’d love to hear from you. Contact us at editorial@7awi.com or share your thoughts with our editorial team.