Press releases, Reports & Disclosures for Taaleem Holdings PJSC

A board meeting was held by Taaleem Holdings PJSC on 11 January 2024. The meeting started at 3:00 pm and ended at 5:00 pm with all nine board members present, achieving a 100% quorum. The board resolved to approve the Interim Condensed Consolidated Financial Statements for the three-month period ended 30 November 2023 and authorized their publication. The authorized signatory for the meeting was Khalid Al Tayer, the Chairman of the Board of Directors.

The text represents the unaudited interim condensed consolidated financial statements of Taaleem Holdings P.J.S.C. and its subsidiaries for the three-month period ending on 30th November 2023.

In Q1 2023/24, Taaleem Holdings PJSC, a leading K-12 premium education provider in the UAE, posted a record revenue of AED 258.7 million, marking an 11.5% YoY increase. The company's net profit (before tax) increased by 60.5% YoY to AED 81.6 million, driven by enrolment growth, additional schools, interest gains on cash reserves, and a low debt position. Student enrolment rose by 26.6% YoY to 35,715. EBITDA also grew by 28.2% YoY to AED 100.4 million. Taaleem added five new government partnership schools to its portfolio during the quarter. The company's Chairman, Khalid Al Tayer, expressed pride in the progress made in realizing their strategic vision.

Taaleem Holdings PJSC, a leading K-12 premium school operator in the UAE, will present its Q1 2023/24 financial results on January 11, 2024. The company has invited its shareholders to join a Microsoft Teams session on January 16, 2024, to discuss the financial results, recent achievements, and developments for the period ending November 30, 2023. Taaleem, the first private education company listed on the Dubai Financial Market, plans to use the AED 750 million raised in its IPO to expand its K-12 premium education schools.

The CEO of Taaleem Holdings PJSC, Alan Williamson, has written a letter to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, dated 8th January 2024. The letter informs him of a scheduled Board of Directors meeting on Thursday, 11th January 2024 at 3:00 pm. The meeting will take place at the company's office and remotely. The agenda includes approval and publication of interim condensed consolidated financial statements for the three-month period ending 30th November 2023, discussion of routine business issues, and a follow-up on the company's activities. Any other matters will be considered with the chairman's permission. A copy of the letter is also sent to the Securities and Commodities Authority.

The letter, dated 31st October 2023, was sent to the CEO of the Dubai Financial Market and the CEO of the Securities and Commodities Authority in Abu Dhabi. It was regarding the results of the Annual General Assembly of Taaleem Holdings PJSC. The assembly took place physically at the Conference Hall on the 13th floor of the Dubai Chambers of Commerce and electronically. The assembly approved the Board of Directors' report on the company's activities and financial position for the fiscal year ending 31st August 2023. The auditor's report for the same fiscal year was also approved.

The Board of Directors of Taaleem Holdings PJSC has invited its shareholders to the annual general assembly meeting, scheduled to take place physically and electronically on October 31, 2023. The agenda includes approval of the Board of Directors' report, the auditor's report, the balance sheet, profit and loss, and financial statements for the fiscal year ending August 31, 2023. The board also recommends distributing a cash dividend of AED 110 million and proposes a remuneration of AED 3.675 million for the board for the period from November 23, 2022, to August 31, 2023. The agenda also includes considering discharging the board members and external auditors from any liability for the fiscal year ended August 31, 2023, and appointing external auditors for the fiscal year ending August 31, 2024.