Deloitte successfully advises Taaleem on its initial public offering on the Dubai Financial Market
Deloitte successfully advised Taaleem Schools (Taaleem), one of the largest K-12 premium education providers in the UAE, on its initial public offering (IPO) on the Dubai Financial Market.
The IPO was successful with shares in the company being 18 times oversubscribed, as Taaleem raised AED 750 million (USD 204 million) for a 25% stake, valuing the company at AED 3 billion (USD 817 million). This continues to drive the momentum of IPOs in Dubai, with more major operations expected before end of year and in 2023.
Deloitte worked closely with a large consortium of advisors, providing a range of customary due diligence services to Taaleem and the involved local banks.
“We are pleased to take part in delivering another landmark IPO as we continue to support Dubai leadership’s vision of developing the local capital market and delivering quality services to our clients,” said Adnan Fazli, Partner, Financial Advisory, Deloitte Middle East. “The due diligence services provided by Deloitte continue to be key across major IPO operations taking place in the Emirate, which is truly a testament to our team’s capabilities and experience in the market.”
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