Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Taaleem Holdings PJSC, a leading K-12 premium school operator in the UAE and the first private education company listed on the Dubai Financial Market (DFM: TAALEEM), announced its financial results for the first nine months and third quarter of the 2023/24 fiscal year, ending May 31, 2024. The company will host a Microsoft Teams session on July 10, 2024, at 3 p.m. GST to discuss these results, recent achievements, and developments. Shareholders are invited to register for the event to receive participation details. The AED 750 million raised in Taaleem's IPO will be used to expand its K-12 premium education schools in the UAE. For more information, visit www.taaleem.ae.
Taaleem Holdings PJSC, a leading K-12 premium education provider in the UAE, reported record revenues of AED 830.7 million for the nine-month period ending May 31, 2024, marking a 15.0% year-over-year increase. This growth was driven by a 32.9% increase in student enrolment, reaching 37,954 students, and the addition of six new government partnership schools. The company's EBITDA rose by 26.9% to AED 338.9 million, and net profit before tax increased by 38.9% to AED 277.6 million. Total student capacity grew by 27.1% to 42,953 seats, with a blended utilisation rate of 88.4%. The expansion includes the upcoming operations of Dubai British School Jumeira and the expansion of Greenfield International School for the academic year 2024/25.
On July 4, 2024, Taaleem Holdings PJSC held a board meeting from 3:00 PM to 5:00 PM, with seven board members present, achieving a 78% quorum. The Board approved and decided to publish the Interim Condensed Consolidated Financial Statements for the nine-month period ending May 31, 2024. The meeting was chaired by Khalid Al Tayer, Chairman of the Board of Directors.
On July 4, 2024, Abu Dhabi National Company for Building Materials (BILDCO) held a General Assembly meeting from 14:00 to 14:15 at their head office and remotely. The meeting was presided over by Mr. Salah Khamis Saleh Ali Al-Junaibi. The quorum was 51.88% of the capital, with no personal attendance and all participation through electronic voting. The authenticity of electronic votes was 22.88%, and proxy votes accounted for 29.00%.