Categories: Business

Dubai school operator Taaleem seeks to raise $204.21 mln in IPO — document


Mon, 2022-10-31 08:13

DUBAI: Dubai school operator Taaleem said on Monday it planned to raise 750 million dirhams ($204.21 million) in an initial public offering to expand its premium schools network.

Taaleem will offer 10 percent of its shares to retail investors starting Nov. 10, and 88 percent of its shares to professional investors on Nov. 17, with a listing expected around Nov. 29, it said in its intention to float document.

Another 2 percent will be offered to eligible employees and eligible parents, it added.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Doctors wrongly said I was too young to have endometriosis at 13

Paediatric gynaecologist Dr Gail Busby says nearly 80% of adolescents will have painful periods, but…

54 minutes ago

US Navy Reveals AIM-424 Malice as Next-Generation Long-Range Missile to Counter China’s Expanding Maritime Strike Reach

The United States Navy has publicly revealed the AIM-424 Malice, a next-generation long-range air-to-air missile…

8 hours ago

Canada-US Trade Rift Deepens as Carney Rejects ‘Bad Deal’ and Announces Retaliatory Tariffs

Canadian Prime Minister Mark Carney has announced retaliatory tariffs against the United States after trade…

21 hours ago

Pakistan’s Suspected Chinese LD-2000 Acquisition Could Deepen Beijing’s Defence Influence and Reshape South Asian Air Warfare Dynamics

Pakistan’s suspected procurement of China’s LD-2000 close-in air defence system could carry implications extending well…

1 day ago

Türkiye’s FNSS Reveals U-MAV Unmanned Amphibious Vehicle to Perform Dangerous First-Wave Missions, Crewed Assault Vehicles

Turkish armoured vehicle manufacturer FNSS has unveiled a new heavy unmanned amphibious combat platform designed…

1 day ago

The 'hidden gem' offering a place to grow, connect and heal

Annadale Community Garden Group is one of four groups or individuals in the running for…

2 days ago