Mohammed Qasim Al Ali
National Bonds boosts stake in Taaleem to 22pc
DUBAI, June 5, 2023
National Bonds Company, a Sharia-compliant saving and investment company, has acquired an additional 5% stake in Taaleem Holding Group becoming the largest shareholder of Taaleem with a 22% stake.
The acquisition represents the largest of its kind since Taaleem listed and traded its shares on the Dubai Financial Market in November 2022.
This strategic proposition is part of National Bonds' continuous effort to strengthen its presence in the education sector and aligns with its strategy to invest in vital educational services.
Fastest growing
The education sector in the region is recognised as one of the fastest-growing markets globally, presenting growth and expansion opportunities for Taaleem over the long term. National Bonds' investment in Taaleem is expected to positively impact into its own investment portfolio.
Taaleem, formerly known as Madaares, was established in 2006 by National Bonds Corporation and other investors. Over the past 17 years, it has become as one of the largest providers of distinguished educational services from kindergarten to grade 12 in the UAE.
The organisation has a strong reputation and a track record of offering innovative and advanced educational solutions. Currently, Taaleem operates 26 schools with 27,000 students, supported by over 1,700 faculty members and 3,000 administrative staff.
Pivotal role
Mohammed Qasim Al Ali, the Chief Executive Officer of National Bonds Corporation, said the company is committed to supporting the education sector's pivotal role in the sustainable development of the UAE.
He also highlighted the contribution to the country's vision of economic diversification and knowledge-based growth, fostering a prosperous future for future generations.
Al Ali stated that the new investment in Taaleem will enhance National Bonds' investment portfolio, enabling sustainable returns that are not significantly influenced by market cycles.-- TradeArabia News Service
