DISCLAIMER - IMPORTANT

YOUR AGREEMENT TO THE CONDITIONS AND TERMS OF USE FOR ACCESS TO THE MATERIALS

ACCESS TO THE INFORMATION AND DOCUMENTS ON THIS PORTION OF THE WEBSITE IS RESTRICTED FOR REGULATORY REASONS. YOU ARE REQUESTED TO REVIEW THE FOLLOWING INFORMATION AND MAKE THE FOLLOWING CONFIRMATION EACH TIME YOU SEEK TO ACCESS THIS RESTRICTED INFORMATION. YOUR CONFIRMATION MUST BE TRUE AND ACCURATE.

THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION. THESE MATERIALS MAY NOT BE RECORDED OR REPRODUCED IN ANY FORM, FURTHER DISTRIBUTED OR PASSED ON, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON, OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LAWS.

THESE MATERIALS ARE STRICTLY CONFIDENTIAL AND ARE BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION. THESE MATERIALS, HAVE BEEN PREPARED IN RELATION TO Taaleem Holdings PJSC (Under Conversion in the Emirate of Dubai, United Arab Emirates, as a Public Joint Stock Company) (“Taaleem”).

Electronic versions of the materials (the "Materials") you are seeking to access are being made available on this website by TAALEEM HOLDINGS PJSC in good faith and are for information purposes only. These Materials are not directed at or accessible by persons in the United States or persons resident or located in Australia, Canada, South Africa, Japan or any other jurisdiction where the extension of availability of the Materials to which you are seeking access would breach any applicable law or regulation. Please note the disclaimer set out below may be altered or updated. You should read it in full each time you visit the site.

The Materials do not constitute or form a part of any offer to sell or issue, or any solicitation of any offer to purchase, subscribe for or otherwise acquire, securities in the United States, Australia, Canada, South Africa, Japan or in any jurisdiction in which such an offer or solicitation would be unlawful (the "Excluded Territories"). Any securities issued in connection with an offering have not been and will not be registered under the US Securities Act of 1933, as amended, or under any applicable securities laws of any state, province, territory, county or other jurisdiction of the United States, Australia, Canada, South Africa or Japan. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the United States, Australia, Canada, South Africa, Japan, or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States.

You acknowledge and agree that you have consented to accept electronic delivery of the offering documents and any subsequent subscription material in connection with viewing the Materials.

Certain statements contained in the Materials, including those relating to the offering, are "forward-looking statements". By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Many of these risks and uncertainties relate to factors that are beyond the Issuer's ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as the Issuer's ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which the Issuer operates or in economic or technological trends or conditions, including inflation and consumer confidence, on a global, regional or national basis.

Forward-looking statements contained in Materials that reference past trends or activities should not be taken as a representation that such trends or activities will necessarily continue in the future. The Issuer does not undertake any obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of the relevant document.

For persons in member states of the European Economic Area (each a "Relevant State"), the Materials you are seeking to access are only addressed to, and directed at, persons who are "qualified investors" within the meaning of Regulation (EU) 2017/1129 (the "Prospectus Regulation") ("Qualified Investors"). In any Relevant State, the Materials you are seeking to access are directed only at Qualified Investors and must not be acted on or relied on by persons who are not Qualified Investors. Any investment or investment activity to which these Materials relate is available in any Relevant State only to Qualified Investors, and will be engaged in only with such persons.

For persons in the United Kingdom, the Materials you are seeking to access are only addressed to, and directed at, persons who are "qualified investors" within the meaning of the Prospectus Regulation, as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 who: (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"); (ii) fall within Article 49(2)(a) to (d) of the Order; or (iii) are otherwise persons to whom it may otherwise lawfully be communicated (all such persons being referred to as "Relevant Persons"). In the United Kingdom, the Materials you are seeking to access are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which these Materials relate is available in the United Kingdom only to Relevant Persons, and will be engaged in only with such persons.

The Materials are only addressed to and directed at persons who are outside the United Arab Emirates ("UAE") or who have been invited to access them Materials by an authorising entity that is licensed by the Securities and Commodities Authority to promote financial products in the UAE (a "UAE Selling Agent"). To the extent you have not been invited to view the material by a UAE Selling Agent, you must be a "professional investor" within the meaning of Chairman of the SCA Board of Directors Decision No. (13/RM) of 2021 Concerning the Financial Activities Rule Book and Mechanism of Adjustment (the "SCA Regulations") or have approached a bank that is not an authorising entity in connection with the offering on a reverse solicitation basis in accordance with the SCA Regulations (a "Professional Investor").

The Materials are only addressed to and directed at persons who are outside the ADGM or Authorized Persons or Recognized Bodies (as such terms are defined in the ADGM Financial Services Regulatory Authority ("FSMR")) or persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 18 of FSMR) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated ("ADGM Relevant Persons"). Any investment or investment activity to which these Materials relate is available only to ADGM Relevant Persons and will be engaged in only with ADGM Relevant Persons.

The Materials are only addressed to and directed at persons who are outside the DIFC or meet the "deemed professional client" criteria set out in Rule 2.3.4 of the Dubai Financial Services Authority ("DFSA") Conduct of Business Module and who is not a natural person (a "Deemed Professional Client"). Any investment or investment activity to which these Materials relate is available only to Deemed Professional Clients and will be engaged in only with Deemed Professional Clients.

If you are not permitted to view Materials on this website or are in any doubt as to whether you are permitted to view these Materials, please exit this webpage. These Materials must not be released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, South Africa, Japan or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada, South Africa or Japan.

Confirmation of understanding and acceptance of disclaimer

By clicking on the "I AGREE" button below, you agree that you have read and will respect the above warnings and represent and warrant that:

(i) you are not located in the United States and are not resident or located in Australia, Canada, South Africa, Japan or any other jurisdiction where accessing these Materials is unlawful, and you agree that you will not transmit or otherwise send any Materials contained in this website to any person in the United States, Australia, Canada, South Africa, Japan or any other territory where to do so would breach applicable local law or regulation, and
(ii) you are a resident or physically present in a member state of the European Economic Area and you are a Qualified Investor, or
(iii) you are a resident or physically present in the United Kingdom and you are a Relevant Person, or
(iv) you are a resident or physically present in the United Arab Emirates (other than ADGM and DIFC) and have received an invitation from a UAE Selling Agent or you are a Professional Investor within the meaning of the SCA Regulations; or
(v) you are a resident or physically present in the ADGM and you are an ADGM Relevant Person; or
(vi) you are a resident or physically present in the DIFC and you are a Deemed Professional Client within the meaning of the DFSA Conduct of Business Module; or
(vii) otherwise authorised to access this information pursuant to applicable laws and regulations; and
(viii) it is lawful for you to receive a copy of the information contained on this website.

I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the Materials.

I have read and agreed to the terms and conditions

Welcome to the Taaleem
Initial Public Offering

26Schools
27,000+Students
AED623.3 MRevenue (FY22)
AED82.9 MNet Profit (FY22)

Our Story

On 31^st October 2022, Taaleem announced its intention to float on the Dubai Financial Market (DFM). This section of our website contains more information about Taaleem, our planned Initial Public Offering (IPO), and the steps you need to take to participate in the IPO.

Taaleem is one of the largest premium kindergarten to secondary school education providers in the UAE, with a portfolio of 26 schools as at 31^st August 2022.

This includes 10 owned and operated premium private schools and 16 government-partnership schools operated on behalf of Government entities. Its premium schools consist of five IB curriculum schools, four British curriculum schools, and one American curriculum school.

As at 31^st August 2022, Taaleem had a student base of over 27 thousand and teaching staff of more than 1,700.

Investment Highlights

A leading K-12 premium education platform in the UAE with significant competitive advantages

Taaleem enjoys significant competitive advantages in the UAE market, including its established reputation, brand equity and track record.

This has enabled the Group to expand its portfolio by opening schools, leveraging its scale and access to highly qualified education professionals.

Taaleem also benefits from strong access to prime real estate for future growth, enabling the Group to capitalise on new opportunities faster than some other education providers in the UAE market.

A scalable platform with highly reputable brands

Taaleem has grown to become a highly trusted provider of quality education for the local and expatriate population in the UAE.

This has contributed to significant entry barriers for new entrants, who need to not only spend significant capital to build new capacity but must also demonstrate the ability to deliver a similar standard of education.

Taaleem's strong reputation is reflected in its competitive sentiment score in the UAE premium schools segment and underscored by its ability to maintain a stable student base through difficult and competitive market conditions in the UAE, such as the oversupply of premium education providers in the UAE between 2016 and 2019.

Access to a large addressable market through a portfolio of schools that spans multiple curricula

Taaleem’s premium schools portfolio offers a diversified educational offering, including the full range of IB curriculum accredited by the International Baccalaureate Organization (IBO) and the Council of International Schools (CIS), the British curriculum accredited by British Schools Overseas (BSO) and American curriculum following New York State standards and accredited by the New England Association of Schools and Colleges (NEASC) and CIS, allowing the Group access to a large market of students.

Among the Group's ten premium schools, five schools offer the IB curriculum, four schools offer British curriculum and one school offers the American curriculum.

Student-centric approach with a focus on delivering quality education

Taaleem maintains a student-centric approach, with a focus on providing a people-focused, inspiring environment and delivering the highest quality of education in the K-12 premium education segment.

This is reflected by the Group's positive inspection reports, strong student academic performance and progress, and the leading higher educational institutions that its students are admitted to.

Differentiation in Arabic and Islamic education attracting a large Emirati base

Taaleem is renowned for delivering quality education in Arabic and Islamic subject areas, in addition to its emphasis on Islamic values.

This is evidenced by the number of its premium Group schools in Dubai with a "Very Good" rating by the KHDA for the understanding of Islamic values and awareness of Emirati world cultures, which has doubled from four schools in the 2016-2017 academic year to eight schools in the 2021-2022 academic year.

Taaleem's success has contributed to its robust Emirati student base, which represented 65% of the Group's student base across its total portfolio of private and public schools as of June 2022.

Track record of achieving operational efficiency while prioritising quality of education

Taaleem's centralised operational structure has allowed it to benefit from economies of scale, leverage its fixed cost base and implement efficient and standardised practices across its network.

This has enabled the Group to expand its portfolio of schools and enrolment while maintaining its costs and benefit from revenue increases across its schools.

One of the preferred partners for the fast-growing Government-partnerships

The UAE Government has launched several initiatives in the education sector, including the development of PPP schools to offer international curricula to Emirati students and the launch of the "Ajyal (Generations) Schools", which are partnerships between private education providers and the Federal Ministry of Education which offer national curricula to Emirati students, free of charge. Taaleem is the only schools group that has been granted all three UAE Government Partnerships – Ajyal, Abu Dhabi Charter Schools and Dubai PPP Schools.

Due to their low capital-investment requirements and fee-generating nature, the Government-partnership programme schools allow for relatively high returns for the Group.

Experienced management team with proven track record of execution

Taaleem is managed by a highly experienced management team, led by Alan Williamson and Arnaud Prudhomme.

The Group's senior management team has helped the Group achieve certain key accomplishments and milestones, including expanding the Group's premium schools portfolio by opening new premium schools and improving enrolment rates.

Track record of delivering solid financial results and returns to shareholders

The Group's operational efficacy, expansion efforts and growth strategy, aided by the support of its strong management and leadership teams, have helped the Group deliver solid financial results and consistent returns to shareholders.

Our Strategy

Delivering quality education and strong student outcomes

Delivering quality education and strong student outcomes

Taaleem's core strategy revolves around delivering values-based education in the K-12 premium education segment. Focusing on the K-12 segment allows the Group to maintain a focus on delivering the values of the Group, which include respect, care and inspiration.
Growth in existing schools

Growth in existing schools

Taaleem's strategy involves strengthening and optimising its existing flagship school brands, including the DBS and RIS brands, and increasing their enrolment rates through the implementation of several optimisation initiatives and adjustments to the schools' unique selling points.
Ramp-up of newly introduced schools

Ramp-up of newly introduced schools

Taaleem is focused on expanding utilisation and enrolment at its newly launched or recently acquired schools. New schools typically operate at lower capacity during the first years of operation and have ample capacity for enrolment and capacity utilisation growth.
Growth through organic and inorganic expansion

Growth through organic and inorganic expansion

Taaleem's expansion strategy includes growth through new school launches, as well as potential inorganic expansion through the acquisition of existing or operational schools, to be assessed on a case-by-case basis as opportunities arise.

The Group is considering the roll-out of four additional new schools, comprising three schools in Dubai and one in Abu Dhabi, including two new schools under the DBS brand.
Expansion of Government-partnership schools' portfolio

Expansion of Government-partnership schools' portfolio

Taaleem is focused on securing more government management contracts. The Group's Government-partnership portfolio has grown over the past few years, commencing with the award of the first operation and management mandate by ADEK of four Abu Dhabi Charter Schools (commencing operations in the 2019-2020 academic year), to operating and managing a total of 16 Government-partnership schools in the 2022-2023 academic year.

Offering Commencement Date

31^st Oct, 2022

Announced Intention to Float on the DFM

Price Range Announcement

10^th Nov, 2022

Offer Commencement Date (subscriptions open) and Price Range Announcement

Close of 1st and 3rd Tranche

16^th Nov, 2022

Closing Date of the First Tranche (Individual and other investors) and the Third Tranche (Eligible Employees and Eligible Parents)

Close of 2nd Tranche

17^th Nov, 2022

Closing Date of the Second Tranche (Institutional Investors)

Final Offer Price

18^th Nov, 2022

Announcement of the Final Offer Price

Final Allocation of Shares

22^nd Nov, 2022

Announcement and Notification of Final Allocation of Shares for the First Tranche (Individual and other investors) and Third Tranche (Eligible Employees and Eligible Parents)

Refunds

25^th Nov, 2022

Commencement of refunds to First Tranche (Individual and other investors) and Third Tranche (Eligible Employees and Eligible Parents) subscribers

DFM Listing

29^th Nov, 2022

Expected date of Listing of the Shares on the DFM

31^st Oct, 2022 Intention to Float

10^th Nov, 2022 Price Range Announcement

16^th Nov, 2022 Close of 1st and 3rd Tranche

17^th Nov, 2022 Close of 2nd Tranche

18^th Nov, 2022 Final Offer Price

22^nd Nov, 2022 Final Allocation of Shares

25^th Nov, 2022 Refunds

29^th Nov, 2022 DFM Listing

IPO Documents and Downloads

Our Schools

Taaleem's portfolio consists of 26 schools, including:

10 premium private schools
16 government-partnership schools

View all schools

Board of Directors

Upon Listing, Taaleem’s Board shall be established and is expected to consist of 9 nine Directors, all of whom are Non-Executive Directors and 8 eight of whom are independent Non-Executive Directors.

Khalid Al Tayer
Chairman

Khalid Al Tayer is the Managing Director at Al Tayer Insignia. Al Tayer Insignia is the retail subdivision of Al Tayer Group, a multi-division conglomerate based in the UAE. Al Tayer Insignia represents over 60 luxury, lifestyle, beauty and hospitality brands.

Prior to joining Al Tayer Group as Group General Manager in 2005, he worked at McKinsey & Co. and Emirates Financial Services. In 2000, he co-founded Makook.com, an internet start-up which provided an online auction platform to the UAE market. The platform was recognized at the Dubai Internet City E-Biz Challenge.

The Chairman previously served on the Board of Directors of the Central Bank of the UAE.

In addition to his current roles, he serves on the Board of Directors of the Retail Business Group at the Dubai Chamber.

He graduated with a Bachelor of Science in Entrepreneurship, Corporate Finance and Economics from Babson College, USA in 1999.

Adel Zarouni
Vice Chairman

Managing Partner and founder of Rivoli Group, one of the largest Middle East luxury retailers with over 400 outlets in the United Arab Emirates, Bahrain, Qatar, Kuwait and Oman with over 2,000 employees.

His experiences in varying roles throughout the region have enabled him to add value as a board member in several public and private joint stock companies. Board member of Rivoli Group, National General Insurance Company Vice Chairman, one of the largest insurance companies in the United Arab Emirates.

Adel is the founder, Vice Chairman and Chairman of the Executive Committee of Taaleem. Adel is also Vice Chairman of Emirates Golf Federation, Secretary General of Arab Golf Federation. Board Member of UAE National Olympic Committee. Adel holds a Bachelor of Science degree in Finance from the University of Central Florida, United States.

H.E. Helal Saeed Al Marri

His Excellency Helal Saeed Al Marri is the Director General of the Dubai Department of Economy and Tourism. He is a member of the Executive Council of Dubai, a member of the Board of Directors of the Investment Corporation of Dubai and also the Director General of the Dubai World Trade Centre Authority (DWTCA).

H.E Al Marri was recently appointed as chairman of Dubai Financial Market and also serves as a member of the Supreme Committee of the Expo 2020

H.E Al Marri's responsibilities span enhancing Dubai's positioning as the preferred destination for investment, business and leisure and for developing and strengthening the Emirate's economy.

H.E Al Marri holds a Master of Business Administration (MBA) degree from the London Business School (LBS). H.E Al Marri is a Chartered Accountant from the Institute of Chartered Accountants in England and Wales and previously worked at consulting firms, McKinsey and KPMG.

Amer Al Khayyat

Amer Al Khayyat has a Masters (Hons) degree from Stanford University, United States, BSc (Hons) in Civil Engineering from Imperial College, United Kingdom.

Mr Amer Al Khayyat is Managing Director at AKI (Al Khayyat Investments). As a Managing Director, he has played a key role in its transportation solutions, real estate development. AKI is a family-owned diversified company operating in multi-sectors which includes Retail, Health Care, Contracting, Fitness, Environmental Services, Automotive and Investments.

Further, Amer Al Khayyat is a Board member at SIC, Managing Director AKM, Vice Chairman Realty Capital and Vice Chairman at Transmak.

Ahmad Al Khayyat

After graduating with a BSc in Monetary Economics from the London School of Economics, Ahmad Al Khayyat went to Yale University where he completed his postgraduate degree in International & Development Economics in 1994.

Ahmad Al Khayyat is the Managing Director of Al Khayyat Investments, a diversified family business based in Dubai. During 2006 he co-founded Transmak, a construction equipment leasing company, and continues to serve on its board as a director. Ahmad Al Khayyat was the founding member of Taaleem, and continues to be a board member and executive committee member of the group since its inception and to date. Ahmad Al Khayyat is president of Sun In Motion, a startup in the solar energy sector he founded in 2017. Prior to this he worked as an associate with McKinsey & Company based in Cologne and Dubai until 2003.

He has been a member of the YPO since 2014 and a Fellow of the Aspen Institute.

Eyad Mashal

Eyad has 25 years of experience in investment and finance fields. Currently, he is the Chief Investment Officer of National Bonds Corporation; a multi-asset class investment company with multiple geographical allocations. Previously, he was the Managing Director and Head of MENA Investments at Al-Rashed Group; one of the large conglomerates in KSA with a very sizable investment portfolio. Eyad's focus was primarily on private and public equity markets. Eyad represented the Group on the board of several companies private and public including higher education, pharmaceutical, food, banks and industrial companies. Prior to that he was an Executive Director at Bank Julius Baer based in Dubai where he launched and managed the Onyx MENA Fund one of the first dedicated opportunistic MENA hedge funds. In addition, he advised clients on global asset allocation and product selection. Earlier, he was the head of Asset Management of Atlas Investment Group in Jordan and the head of MENA asset management of the Arab Bank Group based in Dubai.

Throughout his career, Eyad structured and managed several investment funds including a long only fund (Arab Bank MENA Fund), a hedge fund (Onyx MENA Fund), a private equity fund (the Jordan Fund) and a direct real estate fund. He is a Chartered Financial Analyst (CFA) and a member of the CFA institute since 1999. Eyad received his MBA and B.Sc. with honours in Accounting and Business Administration from the University of Jordan.

Mohammed Abdulla Al Shaibani

Mohammed Abdulla Al Shaibani heads the family office of Easa Saleh Al Gurg Group, a UAE based conglomerate with 27 companies representing over 370 international brands.

Prior to that Mohammed was with Investment Corporation of Dubai (ICD), the investment arm of the Government of Dubai, where he covered real estate investments in the UAE and globally.

He serves as a board member of the Knowledge Fund Establishment in addition to being a member of the investment committee of National Bonds Corporation.

Mohammed holds a Bachelor of Science in Finance from Bentley University in the United States and a Master of Business Administration (MBA) from London Business School in the United Kingdom.

H.E. Abdulla Al Awar

H.E Abdulla Al Awar is currently the Chief Executive Officer of Dubai Government's Knowledge Fund Establishment.

Formerly, H.E Al Awar was the Chief Executive Officer of the Dubai International Financial Centre Authority in 2009. Throughout his 8-year tenure in DIFC, starting in 2004, H.E Al Awar held multiple executive positions, capitalizing on his exceptional skills in the areas of Strategic planning, Management operations and financial supervision to help develop the Dubai International Financial Centre to be a global financial Centre.

In 2013, H.E Al Awar was appointed the CEO of the Dubai Islamic Economy Development Centre. From its inception, the Centre was responsible to implement the insightful vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister, Ruler of Dubai for making Dubai the global capital of the Islamic Economy sectors. The Centre partnered with all the competent entities in the public and private sectors in implementing the strategy of "Dubai: The Capital of Islamic Economy" by innovating initiatives that contribute to the development of the economic diversification in Dubai such as Islamic finance, the Halal products industry and the Islamic lifestyle sectors.

H.E Al Awar is a Board Member of Emaar Development PJSC and the Emirates International Accreditation Centre. He is also a member of the Oversight Committee of the ENBD REIT. He has previously also served as a member of several committees and councils in Dubai including the Economic Committee of the Executive Council of the Emirate of Dubai, the Dubai Free Zones Council, Borse Dubai and the Investment Committee of the ENBD REIT.

H.E Al Awar holds a bachelor's degree of Science in Business Administration from the University of Colorado at Boulder in the United States. He is also a graduate of the Mohammed Bin Rashid Program for Leadership Development, a Dubai Government-run Executive Education program for executives in the public and private sectors in Dubai, which was conducted in affiliation with Cranfield University in the UK, IMO and INSEAD.

Rehab Lootah

Ms. Lootah is the Deputy Group Chief Executive Officer - National Bonds. Ms. Lootah has over 20 years of experience in the financial industry and UAE government sector and prior to joining National Bonds Corporation P.S.C as Deputy Group Chief Executive Officer, she was the Chief Executive Officer for Mawarid Consultancy and Senior Vice President SME & Retail Business for Mawarid Finance under the Mawarid Group. Additionally, she was the board member of Mawarid Technology as well. Over the years, has created a leading legacy of multiple successful commercial and social projects as well as commercial ventures including the 'Tamaiaz Award' and 'Entrepreneurs Forum (EF)'. She has been the recipient of numerous prestigious awards including UAE President H.H Sheikh Khalifa Bin Zayed Award and is also the world's first woman recipient of the CIMA certification in Islamic Finance.

Ms. Lootah is a Certified Shariah Advisor and Auditor. She holds a Bachelor of Science in Engineering from UAE University, UAE and an MBA from Stratford University, United States. Moreover, she holds a post graduate diploma in Islamic Finance from the Institute of Islamic Banking and Insurance, United Kingdom.

Executive Management Team

Taaleem is managed by a highly experienced management team, led by Alan Williamson and Arnaud Prudhomme. Its senior management team has helped the Group achieve several key milestones, including expanding its premium schools portfolio by opening new academic institutions and improving enrolment rates.

Alan Williamson
Chief Executive Officer

Alan graduated from Glasgow University with an Honours degree in History (with Economics and Russian Language) and attended the Harvard Graduate School of Education during his tenure as a School Principal in the United Kingdom. He has led several schools as Principal in the UK and internationally. Alan was previously CEO of a premium schools' group in Dubai, and before that, the Head of a large Futures Trust learning community in the UK.

He brings with him a wealth of experience, as a teacher, headmaster and principal of groups of schools. Alan is a strong communicator who fundamentally understands that the profitability and success of an education company is intrinsically linked to happy and flourishing schools where the welfare of students is the number one priority, and where staff are the most prized asset. As well as being passionate about teaching and learning, Alan has previously also been actively involved in school leadership related to Special Educational Needs and Inclusion. 

In his current role as CEO at Taaleem, he supervises the strategic direction of the company.

Alan has a significant and impressive impact and evidenced based skillset in system wide improvement, incorporating skills, competency and knowledge in:

Financial business acumen 
Leadership and professional development, including mentoring and coaching in the education industry
Leading large organisations through transformational change
Accountability principles and practices in relation to schools and corporate organisations
Leading schools and corporate organisations through quality assurance, self-evaluation, strategic
International education, curriculum, benchmarks and review procedures
High level strategic planning
School improvement including Her Majesty's Inspection in the UK context
School improvement in the UAE including moving groups of schools to ‘Outstanding'
Project management, including school start up projects
School improvement and ‘best value' operation in Public Private Partnership including the Charter Schools programme in the UAE (Abu Dhabi).

Arnaud Prudhomme
Chief Financial Officer

Arnaud has over 25 years' Leadership experience, in his native France, and internationally including CFO roles based in the UK with world-wide responsibilities and a stint in Japan. He has held Senior Corporate roles with EBRD (London+ global), AXA's investment management arm (London + global), a Family Office in Abu Dhabi before joining Taaleem in December 2017. Arnaud has been a director of several operational companies and has worked at board level for a long time. He has broad financial management experience, incorporating skills, competency, and knowledge in:

Contributing to strategy, and executing the financial side of it
Improving profitability of businesses, business lines and products
Restructuring platforms
M&A transactions
Project and change management – people, tools, and processes
Budgeting and planning
Leading big and small teams of staff and nurturing talent
International best financial practices

Arnaud holds a Master's degree in History from La Sorbonne University, France and a Master's degree in Finance, Accounting, Management and Law from Sciences Po, France.

Samuel Truman
Chief Operating Officer

Sam is a member of the Royal Institution of Chartered Surveyors (RICS), the world's leading professional body for promoting the highest professional standards in the development and management of land, real estate, construction, and infrastructure. Sam also holds a master's degree (Distinction) in Commercial Management and Quantity Surveying from Heriot-Watt University. 

He has over 15 years' experience working in the international private school development sector. As COO of Taaleem, Sam is currently responsible for delivering operational excellence and efficiency across Taaleem's portfolio of schools. He is also responsible for driving growth and value creation initiatives for the group. In addition to this role, he oversees all marketing and admissions activities for the group ensuring that they are aligned in their strategies and goals.

He is a member of the Taaleem's Senior Executive Board (SEB) that promotes operational excellence and develops future growth strategies. The SEB also determines and develops effective and efficient operational policies, provides leadership support and ensures the accountability of all schools within the group.

He is passionate about design and delivering outstanding, future proof, energy efficient and eco-friendly learning environments. As a Chartered Quantity Surveyor (CQS), his responsibilities include, preparing feasibility studies and controlling project cost. He has an enviable record of designing and delivering multimillion-dollar, multifaceted, fast track projects both on time and within budget.

Prior to joining Taaleem, Sam spent 10 years with one of the world's largest educational suppliers. Here he successfully developed their reach, supply, and distribution chains across the GCC, the Far East and Central Asia. He was recognised for many significant successes; one of which was the successful execution of multiple contracts awarded by the US Aid Department for the supply of essential educational supplies to locations across Iraq to aid the reconstruction of government schools. In addition, he also secured a number of major contract awards from the Asian Development Bank for educational projects.

Frequently Asked Questions

What is Taaleem?

Taaleem is one of the largest K-12 premium education providers in the UAE with a portfolio, as at 31 August 2022, of 26 schools, comprising 10 owned and operated premium private schools, including one private early years facility for children up to the age of three years, and 16 government-partnership schools operated on behalf of Government entities. K-12 refers to the provision of education from kindergarten through to secondary school (12th Grade).

The Group's premium portfolio included five schools offering an IB curriculum, four schools offering a British curriculum, and one school offering an American curriculum.

As at 31 August 2022, Taaleem had a student base of 27,407 and teaching staff of 1,721 for the 2022-2023 academic year.

What are Taaleem's core geographic markets?

The Group operates in several key locations within the UAE, primarily in the Emirates of Dubai, Abu Dhabi, Sharjah and Ras Al Khaimah.

What are Taaleem's core business segments?

The Group currently operates through two different business segments:

Premium schools segment, which includes IB, British and American curricula schools
Government-partnership schools segment

The K-12 private education segment in the UAE is categorized by price segment into super-premium and premium+, premium, mid-priced and budget segments. The Group operates in the super premium and premium+ segments in Dubai and the premium segment in Abu Dhabi.

Should I subscribe to this IPO? Why invest in Taaleem's IPO?

You will need to discuss this with your investment / financial advisor.

Having said that, Taaleem believes it has several competitive strengths that make it a compelling investment story, which are described in greater detail in the Prospectus document.

Key Strengths:

A leading K-12 premium education platform in the UAE with significant competitive advantages.
A scalable platform with highly reputable brands.
Access to a large addressable market through a portfolio of schools that spans multiple curricula.
A student-centric approach with a focus on delivering quality education.
A track record of achieving operational efficiency while prioritising quality of education.
One of the preferred partners for the fast-growing Government-partnership schemes.
An experienced management team with proven track record of execution.
A track record of delivering solid financial results and returns to shareholders.

For further information and before making any investment decision, please read the Prospectus found on Taaleem's IPO webpage, including the "Investment Risks" section.

What is Taaleem's growth strategy?

Taaleem's growth strategy is focused on a number of key areas as outlined below. These are described in greater detail in the prospectus document.

Delivering quality education and strong student outcomes
Taaleem's core strategy revolves around delivering values-based education in the K-12 premium education segment.
Growth in existing schools
With its young captive student base, Taaleem has been able to increase overall enrollment and capacity utilization and maintain average revenue per student despite fee freezes.
Ramp up of newly introduced schools
The Group has several initiatives to increase enrollment rates in its new schools.
Growth in government partnerships
Taaleem plans to launch new government partnership schools as well as ramp up utilization in its existing PPP schools.
Addition of new premium schools
Leveraging its strong brand equity, Taaleem plans to roll out four new premium schools by FY2025.

What is the rationale for this share offering?

The Group has identified areas of business growth opportunity, as detailed in the Prospectus, and, in order to deliver on those opportunities, the raising of additional capital would be of benefit.

The Group predominantly intends to use the net proceeds from the Offering primarily to expand its premium K-12 segment, through the contemplated roll-out of four new premium schools in prime locations in the Emirates of Dubai and Abu Dhabi. The roll-out of these four additional new schools is expected to consist of three schools in Dubai and one in Abu Dhabi, including two new schools under the DBS brand, subject to regulatory approvals.

What will the dividend policy be?

The Company's ability to pay dividends is dependent on a number of factors and there is no assurance the company will be able to pay dividends or, if a dividend is paid, what the amount of such dividend will be.

Subject to the paragraph above, the Company intends to pay a dividend of AED 67.5 million relating to its financial performance during the year ended 31 August 2022. The dividend would be paid to the Shareholders before the Closing Date. The Company intends to pay dividends at least at the current levels and intends to grow its dividends in line with future earnings growth.

When will I be able to buy shares in Taaleem?

The offer period for the IPO will commence on 10^th November 2022 and will close for Individual Investors on 16^th November 2022, and for Professional Investors on 17^th November 2022. Final pricing will be announced on 18^th November 2022 and all investors will then be informed of their allocations. The Company is expected to complete its DFM listing on or around 29^th November 2022.

Who will be able to buy shares in Taaleem?

There are three broad groups of eligible investors:

Individuals with a valid DFM NIN and bank account number.
Professional investors outside of the US.
Eligible employees and parents as part of the employee and parents’ tranche.

Please note that any and every subscriber must hold a Dubai Financial Market Investor Number (NIN) and a bank account number in order to be eligible to apply for Offer shares, irrespective of the tranche they subscribe through. For more information, please refer to the Prospectus.

Can Taaleem employees and parents subscribe for shares?

All Taaleem employees and parents of students enrolled at Taaleem can subscribe for shares in Taaleem's IPO, with eligibility criteria for specific tranches detailed below:

Parents from the following schools can subscribe as part of the dedicated Eligible Employee & Eligible Parent Tranche ("Third Tranche"): Dubai British School (Emirates Hills), Dubai British School (Jumeira Park), Dubai British School (Jumeira Park Foundation), Jebel Ali School, American Academy for Girls, Jumeira Baccalaureate School, Uptown International School, Greenfield International School, Raha International School (Gardens Campus), Raha International School (Khalifa City Campus), Dubai Schools (Al Barsha), Dubai Schools (Mirdif), Dubai Schools (Nad Al Sheba).

If you work for Taaleem and have an active employee unique identification number, or you are a parent with a unique identification number and the parent of at least one pupil who is enrolled in any of the above listed schools, you are eligible to subscribe for shares as part of the Eligible Employee & Eligible Parent Tranche.

Other parents, specifically those from the ESE (Emirates Schools Establishment) and Abu Dhabi Charter schools, may subscribe as part of the Retail Offering ("First Tranche"), which is open to Individual Subscribers and other investors (including natural persons, companies and establishments) that are not participating in the Second or Third Tranche.

What is an Investor Number (NIN) with DFM?

A NIN is an investor identification number that is used by DFM through which is primary identifier of any investors and their portfolio and which through all transaction on the exchange can be initiated included trading, clearing, settlement . All subscribers to the IPO require a NIN to be able to subscribe to the IPO.

How do I create an investor number (NIN) to subscribe to the IPO?

The following channels can be used to apply for a DFM Investor Number:

Platform	Type of investor
DFM App	For Individual Investors only and legal guardians may apply on for minors younger than 21 years old.
In person at Dubai Financial Market	For all Types of Investors Timings: Mon-Fri (8:00 am – 4:00 PM)
Licensed Brokerage Firms at DFM	For all Types of Investors

Please refer to the Dubai Financial Market website for information on the process of registering for a NIN at https://www.dfm.ae/ or access the DFM FAQs at http://www.dfm.ae/docs/en/faqs/eipo

Who are the Receiving Banks? Where are they located?

The receiving banks are:

Emirates NBD
Emirates Islamic Bank
Abu Dhabi Islamic Bank

Contact details for each of the receiving banks can be found further down the page in the 'Receiving Banks' section.

Detailed locations of the banks' participating branches can be found in the Prospectus.

Can I subscribe through the DFM?

The DFM will make its official website and the DFM mobile application available to Subscribers with a NIN registered on the DFM website or the DFM mobile application and holding a valid iVESTOR Card or holding an account with one of the banks based in the UAE that are part of the Central Bank of the UAE payment gateway, for them to submit their electronic subscriptions to the Lead Receiving Bank via DFM’s channels.

The following channels can be used to apply for a DFM Investor Number:

Platform	Type of investor
DFM App	For Individual Investors only(Legal guardians may apply on behalf of minors below the age of 21 years old.)
eServices at www.dfm.ae	For all Types of Investors
In person by visiting DFM	For all Types of Investors, Timings: Mon-Fri (8:00 am – 4:00 PM)
Licensed Brokerage Firms at DFM	For all Types of Investors

Please call DFM on +971 4 305 5555 for any queries on the above.

For further information, please refer to the full list of FAQs under the "Key Documents" section.

Receiving Banks

Emirates NBD e-Subscription

Account holders with Emirates NBD Bank can subscribe via the bank's online internet banking and mobile application channel as well as through ATMs. Eligible persons can access Emirates NBD Bank's ATMs with their debit card, and online banking or mobile application using their relevant username and password (as is customary with these channels). This will be deemed sufficient for the purposes of identification and accordingly the supporting documentation in relation to application set out elsewhere in this Prospectus will not apply to electronic applications.

Subscribers without an Emirates NBD Bank account, who are either in the UAE or outside the UAE, can subscribe through the dedicated IPO website ipo.emiratesnbd.com/Taaleem and pay through Online Banking via the UAE Central Bank Payment Gateway ("PGS") or through UAE Central Bank Fund Transfer ("FTS") or SWIFT.

In case of any issues or support, please contact the dedicated Emirates NBD Bank IPO team through our call center 800 IPOS (800 4767).

Emirates Islamic Bank e-Subscription

Account holders with Emirates Islamic Bank can subscribe via the bank's online internet banking channel as well as through ATMs & Mobile application. Eligible persons can access the ATMs using their debit card, and internet banking accounts with their username and password (as is customary with electronic banking channels). This will be deemed sufficient for the purposes of identification with regard to their subscriptions.

Please note that non-Emirates Islamic Bank customers will not be eligible for subscription through Emirates Islamic Bank's electronic subscription channels.

In case of any issues or support, please contact the dedicated Emirates Islamic Bank IPO team through our call center 800 IPOS (800 4767).

Abu Dhabi Islamic Bank e-Subscription

Abu Dhabi Islamic Bank's electronic subscription channels, including online internet banking, are accessible via ADIB's official website www.adib.ae and mobile banking app. These are duly interfaced with the DFM database and are only available to ADIB account holders.

Abu Dhabi Islamic Bank account holders will access Abu Dhabi Islamic Bank's electronic subscription channels with their relevant username and password, and this will be deemed to be sufficient for the purposes of fulfilling the identification requirements.

Abu Dhabi Islamic Bank account holders will complete the electronic application form relevant to their tranche by providing all required details including an updated DFM NIN, an active ADIB account number, the amount they wish to subscribe for, and by selecting the designated brokerage account.

By submitting the electronic subscription form, the Abu Dhabi Islamic Bank account holder accepts the Offering terms and conditions, authorizes Abu Dhabi Islamic Bank to debit the amount from the respective Abu Dhabi Islamic Bank account and to transfer the same to the IPO account in favor of the Company account held at Abu Dhabi Islamic Bank, as detailed in the subscription application.

Abu Dhabi Islamic Bank account holders with a successful subscription automatically receive an acknowledgement of receipt by email and have to keep this receipt until they receive the allotment notice.

For any further queries, kindly contact Abu Dhabi Islamic Bank on +971 2 652 0878

Contact Us

Registered Office:
Office No.105, Century Plaza,
Jumeira Beach Road,
PO Box 76691, Dubai,
United Arab Emirates

Lead Receiving Bank Call Centre:
Emirates NBD Bank
800 4767
(800 IPOS)

Investor Relations Enquiries:
Maher Rabah
+971 (0)4 349 8806
MRabah@taaleem.ae

Media Enquiries:
Andy Parnis
Managing Director - Teneo
+971 (0) 58 581 4954
andy.parnis@teneo.com

Please indicate which country you are located in:

Please indicate which country you reside in:

We regret that, due to regulatory restrictions, we are unable to provide you with access to this section of our website.

DISCLAIMER - IMPORTANT

Welcome to the Taaleem Initial Public Offering

Our Story

Investment Highlights

Our Strategy

Delivering quality education and strong student outcomes

Growth in existing schools

Ramp-up of newly introduced schools

Growth through organic and inorganic expansion

Expansion of Government-partnership schools' portfolio

Offering Commencement Date

31st Oct, 2022

Announced Intention to Float on the DFM

Price Range Announcement

10th Nov, 2022

Offer Commencement Date (subscriptions open) and Price Range Announcement

Close of 1st and 3rd Tranche

16th Nov, 2022

Closing Date of the First Tranche (Individual and other investors) and the Third Tranche (Eligible Employees and Eligible Parents)

Close of 2nd Tranche

17th Nov, 2022

Closing Date of the Second Tranche (Institutional Investors)

Final Offer Price

18th Nov, 2022

Announcement of the Final Offer Price

Final Allocation of Shares

22nd Nov, 2022

Announcement and Notification of Final Allocation of Shares for the First Tranche (Individual and other investors) and Third Tranche (Eligible Employees and Eligible Parents)

Refunds

25th Nov, 2022

Commencement of refunds to First Tranche (Individual and other investors) and Third Tranche (Eligible Employees and Eligible Parents) subscribers

DFM Listing

29th Nov, 2022

Expected date of Listing of the Shares on the DFM

IPO Documents and Downloads

How to Subscribe

Make sure you have your National Investor Number (NIN)

Read the prospectus document

Make an informed decision

Subscribe to the Offering

Allocation of Shares