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Three institutional investors acquire 13pc shares of Taaleem
ABU DHABI — Al Khayyat, Rasmala Investments and RHT Partners have made a major foray into the UAE's education sector through their acquisition of 13 per cent stake in Taaleem, formerly known as Madaares PJSC, a private joint stock company, providing educational services in the country.
Taaleem, now rebranded as Madaares, is a Dh750 million company, was incorporated by National Bonds Corporation in February 2007. With the majority of the shareholders from the UAE and GCC countries, Emirates Islamic Bank, Amlak Finance, Zaabeel Investments, Manazel Real Estate, Awqaf & Minors Affairs Foundation, Kuwait-based Global Investment House and Educational Holding Group, and a select group of prominent individuals from the region hold stake in the company.
Taaleem aims to raise education standards in the UAE and the region by building and managing schools that offer the most up-to-date curriculum, modern facilities and convenient locations for the benefit of both nationals and expatriates.
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