Taaleem Holdings PJSC

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).

Taaleem Holdings PJSC has announced the official completion of the Dubai British School Jumeira (DBS Jumeira), a new addition to their network of Dubai British Schools. This new state-of-the-art facility, located in Jumeira along Dubai’s iconic water canal, is ready to welcome students for the academic year 2024/25. Designed to accommodate up to 1,900 students, the school features advanced educational technologies and extensive recreational facilities to enhance both academic and extracurricular experiences. Due to high demand, DBS Jumeira has already entered a waitlisting phase for enrollment. This marks the fourth school in Taaleem’s DBS network, demonstrating their commitment to providing premium education in the UAE and reflecting their dedication to advancing educational excellence and accessibility in the region.

The board meeting of Taaleem Holdings PJSC was held on Thursday, 6 June 2024, from 3:00 PM to 4:30 PM at Century Plaza, Dubai. Eight board members were present, achieving an 89% quorum. The meeting focused on discussing routine business issues and following up on the company's activities. The meeting was authorized by Khalid Al Tayer, the Chairman of the Board of Directors.

Taaleem Holdings, a UAE-based K-12 premium education provider, posted record revenue of AED 548.7M for H1 2023/24, a 15% YoY increase. The firm also saw EBITDA grow by 32.5% YoY to AED 222.3M and a 53% YoY increase in net profit before tax to AED 182.8M. This growth was driven by a 33.2% YoY increase in student enrolment, additional schools, interest gains on cash reserves, and a low debt position. Taaleem also made strong progress on strategic execution and greenfield projects, and welcomed six new government partnership schools. The company's chairman and CEO expressed commitment to delivering top-tier educational outcomes and supporting sector growth.

The Board of Directors of Taaleem Holdings PJSC held a meeting on March 28, 2024, from 3:00 pm to 5:00 pm. The meeting was attended by all nine board members, achieving a 100% quorum. The board approved the Interim Condensed Consolidated Financial Statements for the six-month period ending on February 29, 2024, and agreed to publish them. The meeting's resolutions were signed by Khalid Al Tayer, the Chairman of the Board of Directors.

The text appears to be an introduction to the unaudited interim condensed consolidated financial statements of Taaleem Holdings P.J.S.C. and its subsidiaries for the six-month period ending on 29 February 2024.

Taaleem Holdings PJSC, a leading K-12 premium school operator in the UAE, will present its financial results for H1 & Q2 of 2023/24 on March 28, 2024. The company has invited its shareholders to a Microsoft Teams session on April 2, 2024, where it will share details of its financial performance, recent achievements, and developments. The company, which is the first private education firm 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.