Amanat Holdings increases stake in Taaleem

LONDON: Dubai-based Amanat Holdings has increased its ownership share in Taaleem Holdings.
Amanat, a GCC-wide investment company focused on healthcare and education, has increased its share in Taaleem, an education provider, to 21.7 percent by acquiring an additional 5.3 percent for about 52 million dirhams ($14 million).
Taaleem Holdings is one of the UAE’s largest providers of K-12 primary and secondary education and has a current enrolment of around 9,000 students. The firm offers education across multiple curricula, including British, American and International Baccalaureate, as well as a multi-lingual early childhood programme.
Hamad Al Shamsi, chairman of Amanat Holdings, said: “Taaleem Holdings was our first investment in the education sector in the UAE, and we were always keen on increasing our stake in it at the right price as we firmly believed in its model and positioning.”
Shamsheer Vayalil, vice chairman and managing director of Amanat, added: “Our focus for the coming months will be to continue working closely with the Taaleem team to expand student enrollment and capacity and drive growth for the company.”