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Shareholders of Dubai’s Taaleem Holdings approve going public

Shareholders of Dubai’s Taaleem Holdings approve going public

ArabFinance: Shareholders of Dubai-based school management company Taaleem Holdings approved selling a stake in an initial public offering (IPO) on the Dubai Financial Market (DFM), Bloomberg reported on August 30th.

Taaleem’s shareholders ratified converting the company from a private joint-stock company into a public firm through the IPO.

The next step will be book-building which is a process conducted by an underwriter to set the price of the IPO.

Taaleem appointed EFG-Hermes and Emirates NBD Bank to lead the offering.

Founded in 2004, Taaleem focuses on investment in the development and operation of K-12 schools among other educational facilities.

 

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