Taaleem’s full-year 2022-23 numbers surge on record student admissions in new schools.
Taaleem, a company listed on the Dubai Financial Market (DFM), has announced impressive financial results for the fiscal year ending on August 31. The company attributes its robust performance to the establishment of new schools and a significant increase in student enrollment.
Revenue Growth of 29%
Taaleem reported a remarkable 29% growth in its revenues, totaling Dh804.1 million. This substantial increase is primarily driven by the expansion of its student base and the successful operation of its network of schools.
Notable Increase in Student Enrollment
The operator’s network of schools experienced a substantial 35.9% surge in the number of new students, reaching a total of 28,490 students.
Profit Soars by 41.5%
The positive impact of increased student enrollment and revenue growth is reflected in Taaleem’s profit figures. The company reported a significant 41.5% increase in profit, totaling Dh117.3 million.
Success in the UAE Stock Market
Taaleem’s success is emblematic of the recent successful initial public offering (IPO) runs witnessed in the UAE stock markets, following a trend that began with DEWA’s IPO in April 2022. Taaleem operates a mix of its own schools (10) and government-owned ones (16) that it manages, and its shares are currently trading at Dh4.11 on the DFM.
