Strong growth reported by Taaleem in the first half of 2024/25, marked by higher enrollment numbers and expansion efforts.
In a significant development for the UAE's education sector, Taaleem Holdings PJSC has announced impressive growth in its operations during the first half of the 2024/25 financial year. The company's strategic acquisitions and network expansions have played a pivotal role in this success.
One of the most notable acquisitions was that of the GCC-focused KFG company, which has expanded Taaleem's educational network in the Gulf region. This acquisition, along with other network growth initiatives, has been instrumental in driving a 18.5% revenue increase and higher profits for the company in the first nine months of 2024/25.
Khalid Al Tayer, Chairman of Taaleem, attributed the company's sustained momentum to these strategic acquisitions and expansions. He expressed confidence in Taaleem's continued upward trajectory, stating that the company's growth initiatives are expected to strengthen its role in the UAE's education sector.
The company's strong financial performance is also reflected in its solid operational revenues. Taaleem Holdings PJSC reported operational revenues of AED 648.8 million for the six-month period ending February 28, 2025, showing a 18.2% year-on-year increase. This growth was primarily due to a 18.8% increase in enrolment within its premium schools segment.
As a result of these growth initiatives, Taaleem welcomed 3,156 additional students during H1 2024/25, increasing its overall utilisation rate to 74.4%. The premium segment of Taaleem's schools recorded a 77.0% utilisation rate.
Taaleem's total capacity now stands at 55,292 seats across 34 schools and four nurseries under the Charter Schools contract. This expansion has added 12,341 new seats to the company's total capacity, representing a 28.7% increase.
Looking ahead, Taaleem's operational outlook for the remainder of the year is expected to be enhanced due to its strategic growth initiatives. With its robust financial performance and continued expansion, Taaleem Holdings PJSC is poised to make a significant impact in the UAE's education sector.
[1] Source: Taaleem Holdings PJSC Financial Results for the Nine Months Ended February 28, 2025.
Based on the given text, the following are two sentences that contain the given words:
- Taaleem Holdings PJSC's strategic acquisitions, such as the GCC-focused KFG company, and network expansions have been crucial for the development of the UAE's education sector and the finance of their education-and-self-development business.
- As Taaleem Holdings PJSC's financial performance indicates, their education sector expansion initiatives, including the addition of 12,341 new seats, are expected to have a positive impact on the company's ongoing business growth and continued strength in the UAE.
