National Bonds, an investment company owned by The Investment Corporation of Dubai, has become the largest shareholder in Taleem Holdings, one of the largest education providers in the Middle East.
National Bonds increased the stake in Taaleem, a company with paid-up capital of AED 750 million, from 19.6 percent to 23 percent.
Taaleem’s main activity is the development and management of early childhood, primary and secondary schools
“We are delighted to strengthen our journey with Taaleem, a world-class innovative education institution that educates approximately 9,800 students across nine different schools. This investment is not only expected to generate steady returns to National Bonds, it is also well in line with the company’s corporate responsibility towards supporting such a vital sector in the UAE,” said Ali Rashid Al Mazroei, Chairman of Investment Committee of National Bonds Group and board member in Taaleem.
National Bonds said that since its inception in 2006, the company continues to meet customers’ expectations with consistent results in terms of growth, competitive returns, service and customer satisfaction.
By end of Q3 2021, the investment portfolio has grown by more than 32 percent to surpass AED 10 billion ($2.72 billion), it said.