Dubai, UAE — Dubai Financial Market (DFM) saw on Monday a direct deal on 5.25 million shares of Taaleem Holding Group worth AED 17.16 million ($4.65 million).
The Group’s share closed 7.78 percent higher at AED 3.6 ($0.98) after trading of more than 32 million shares at the value of AED 113.1 million ($31 million) through 1,608 deals.
National Bonds Company, a Sharia-compliant saving and investment company, announced its acquisition of an additional 5 percent stake in the Taaleem Holding Group. This move reinforces National Bonds’ position as the largest shareholder in Taaleem with a 22 percent stake.
Taaleem Holdings PSC provides educational services. The Company offers school education including athletics, career development programs, fitness center, academics, library, summer camp, and performing arts, as well as provides counseling services.
Taaleem Holdings serves students in the United Arab Emirates.