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National Bonds Company, a Shariah-compliant savings and investment company, has acquired an additional 5% stake in Taaleem Holding Group, becoming the largest shareholder in Taaleem with a 22% stake.
The acquisition is 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’ ongoing efforts to strengthen its presence in education and aligns with its strategy of investing in vital education services.
fastest growing
The region’s education sector is recognized as one of the fastest growing markets in the world, presenting Taaleem with opportunities for long-term growth and expansion. National Bonds’ investment in Taaleem is expected to have a positive impact on its own portfolio.
Taaleem, formerly Madaares, was formed in 2006 by the National Bonds Corporation and other investors. Over the past 17 years, it has become one of the largest providers of quality education services from Kindergarten to Grade 12 in the UAE.
The organization has a solid reputation and proven track record in delivering innovative and advanced educational solutions. Currently, Taaleem operates 26 schools with 27,000 students, supported by over 1,700 teaching staff and 3,000 administrative staff.
pivotal role
Mohammed Qasim Al Ali, CEO of National Bonds Corporation, said the company is committed to supporting the education sector to play a key role in sustainable development in the UAE.
He also highlighted his contribution to the nation’s vision of economic diversification and knowledge-based growth, nurturing a prosperous future for future generations.
Al Ali said the new investment in Taaleem will strengthen National Bonds’ portfolio, delivering sustainable returns that are not significantly affected by market cycles. — trade arab news agency
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