Taaleem Holdings PJSC

Taaleem Holdings PJSC, a leading K-12 premium education provider in the UAE, reported strong financial results for Q1 2024/25. The company achieved operating revenues of AED 306.1 million, marking a 14.8% increase compared to the previous year. Net profit rose by 46.3% to AED 68.2 million, with a margin increase to 22.3%, partly due to a one-off deferred tax from the previous year. The company saw a 12.3% increase in student enrolment and a 3.0% rise in average gross tuition fees for premium schools. Taaleem expanded its operations by acquiring Lycée Libanais Francophone Privé Meydan and assets from Amity, with a total capital expenditure of AED 437.5 million. The company's EBITDA increased by 7.6% to AED 108.0 million. The addition of two premium schools and one new PPP school increased the total number of schools to 34, with significant growth in both premium and PPP segments. However, the rapid expansion led to a temporary decline in utilisation rates for the premium segment.

Taaleem Holdings P.J.S.C. and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the three-month period ending on November 30, 2024.

On January 9, 2025, Taaleem Holdings PJSC held a board meeting from 3:00 PM to 5:00 PM with seven board members present, achieving a quorum of 77.8%. The board approved and agreed to publish the Interim Condensed Consolidated Financial Statements for the three-month period ending November 30, 2024. The meeting's authorized signatory was Khalid Al Tayer, Chairman of the Board of Directors.

The letter informs Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, about a scheduled Board of Directors meeting for Taaleem Holdings PJSC. The meeting will take place on Thursday, January 9, 2025, at 3:00 pm at the company's office and via remote attendance. The agenda includes considering and approving the interim condensed consolidated financial statements for the three-month period ending November 30, 2024, discussing routine business issues, following up on company activities, and addressing any other matters with the Chairman's permission. The letter is signed by Alan Williamson, CEO of Taaleem Holdings PJSC, with a copy sent to the Securities and Commodities Authority.

The board meeting of Taaleem Holdings PJSC took place on Thursday, December 12, 2024, from 3:00 PM to 5:00 PM. Eight board members were present, achieving an 89% quorum. The meeting involved discussions on routine business matters and a review of the company's activities. The authorized signatory for the meeting was Khalid Al Tayer, the Chairman of the Board of Directors.

The letter is from Alan Williamson, the Chief Executive Officer of Taaleem Holdings PJSC, addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. It informs him about a scheduled Board of Directors meeting for Taaleem Holdings PJSC on Thursday, December 12, 2024, at 3:00 pm. The meeting will be held at the company's office and via remote attendance to discuss routine business issues, follow up on the company's activities, and address 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 announced its acquisition of Lycée Libanais Francophone Privé Meydan (LLFP Meydan), a French curriculum school in Dubai with a capacity for 1,900 students. This acquisition complements Taaleem’s existing network of UK, IB, and American curriculum schools, enhancing its diverse educational offerings. LLFP Meydan currently enrolls 1,300 students from 26 nationalities, focusing on the French curriculum. Located in the rapidly developing Meydan area of Dubai, the school spans over 35,700 square meters with seven environmentally friendly buildings. In its first KHDA inspection in 2024, the school was rated 'Very good' with several 'Outstanding' features. The acquisition aligns with Taaleem's mission of educational excellence and will be integrated into its financials in FY2024/25.

Taaleem Holdings PJSC held its Annual General Assembly on November 5, 2024, at Dubai British School and virtually. The assembly approved several key items: the Board of Directors' report on company activities and financial position for the fiscal year ending August 31, 2024; the auditor's report for the same period; the company's balance sheet, profit and loss, and financial statements; a cash dividend distribution of AED 120 million (AED 0.12 per share, representing 12% of the paid-up share capital); and the Board of Directors' remuneration proposal for the period from September 1, 2023, to August 31, 2024, totaling AED 5.25 million.