Press releases, Reports & Disclosures for Taaleem Holdings PJSC

Taaleem Holdings PJSC announced its financial results for the fiscal year 2023/24, showing significant growth. The company recorded revenues of AED 945.2 million, a 15.5% increase from the previous year, driven by a 33.1% rise in student enrolment. EBITDA increased by 32.0% to AED 270.8 million, with an EBITDA margin of 28.6%. Net profit before tax rose by 55.1% to AED 182.0 million, with a net profit margin of 19.3%. The company expanded its capacity by adding 9,119 students, achieving a total enrolment of 37,930 students. Taaleem also reported a negative net debt of AED 560.3 million, reflecting increased debt to support the development of new schools in Dubai. The company's free cash flow to the firm was AED 243.6 million, indicating strong financial health.

Taaleem Holdings PJSC held a board meeting on Thursday, October 3, 2024, from 3:00 PM to 5:00 PM, with all nine board members present, achieving a 100% quorum. During the meeting, the board approved the consolidated financial statements for the fiscal year ending August 31, 2024, and the Annual Integrated Report. They proposed to recommend to the Annual General Assembly (AGM) the distribution of cash dividends to shareholders amounting to AED 120 million (AED 0.12 per share, representing 12% of the company's paid-up share capital). Additionally, subject to approval from the Securities and Commodities Authority (SCA), the board set the AGM date for November 5, 2024.

The text is a formal letter from Alan Williamson, the Chief Executive Officer of Taaleem Holding PJSC, addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market. The letter informs Mr. Ali about a scheduled Board of Directors meeting for Taaleem Holding PJSC on Thursday, October 3, 2024, at 3:00 PM. The meeting will take place at the company's premises and via remote attendance. The agenda includes considering and approving the consolidated financial statements for the twelve-month period ending August 31, 2024, discussing routine business issues, following up on the company's activities, and addressing any other matters with the Chairman's permission. A copy of the letter is also sent to the Securities and Commodities Authority.

Taaleem Holdings PJSC, a leading K-12 premium school operator in the UAE and the first private education company listed on the Dubai Financial Market (DFM: TAALEEM), announced its financial results for the first nine months and third quarter of the 2023/24 fiscal year, ending May 31, 2024. The company will host a Microsoft Teams session on July 10, 2024, at 3 p.m. GST to discuss these results, recent achievements, and developments. Shareholders are invited to register for the event to receive participation details. The AED 750 million raised in Taaleem's IPO will be used to expand its K-12 premium education schools in the UAE. For more information, visit www.taaleem.ae.

Taaleem Holdings PJSC, a leading K-12 premium education provider in the UAE, reported record revenues of AED 830.7 million for the nine-month period ending May 31, 2024, marking a 15.0% year-over-year increase. This growth was driven by a 32.9% increase in student enrolment, reaching 37,954 students, and the addition of six new government partnership schools. The company's EBITDA rose by 26.9% to AED 338.9 million, and net profit before tax increased by 38.9% to AED 277.6 million. Total student capacity grew by 27.1% to 42,953 seats, with a blended utilisation rate of 88.4%. The expansion includes the upcoming operations of Dubai British School Jumeira and the expansion of Greenfield International School for the academic year 2024/25.

On July 4, 2024, Taaleem Holdings PJSC held a board meeting from 3:00 PM to 5:00 PM, with seven board members present, achieving a 78% quorum. The Board approved and decided to publish the Interim Condensed Consolidated Financial Statements for the nine-month period ending May 31, 2024. The meeting was chaired by Khalid Al Tayer, Chairman of the Board of Directors.

The letter from Alan Williamson, CEO of Taaleem Holdings PJSC, informs Hamed Ahmed Ali, CEO of Dubai Financial Market, about a scheduled Board of Directors meeting. The meeting will take place on Thursday, July 4, 2024, at 3:00 PM at the company's office and via remote attendance. The agenda includes reviewing and approving the Interim Condensed Consolidated Financial Statements for the nine-month period ending May 31, 2024, discussing routine business issues, following up on company activities, and addressing any other matters with the Chairman's permission. A copy of the letter is also sent to the Securities and Commodities Authority.

Taaleem Holdings PJSC has signed a master agreement with Harrow International Schools Limited (HISL), effective June 2024. This agreement grants Taaleem the exclusive rights to own and operate Harrow International Schools in the UAE, Saudi Arabia, Bahrain, Oman, Qatar, and Kuwait. These schools will join Harrow's global network, known for its educational excellence, co-curricular programs, and emphasis on character development and leadership. This partnership aligns with Taaleem's strategy to enter the super-premium school segment and expand its presence in the Gulf Cooperation Council (GCC).