Page 156 - ALEF EDUCATION PR REPORT MAY 2024

• The Taaleem stock on DFM has been on a tear, gaining as much as 45

per cent in the last 12 months. The company has a growing base of

schools that it owns or operates in the UAE, and has plans to enter
some of the other Gulf markets.

• The Al Mal Capital REIT (real estate investment trust) recently

completed a well-received rights issue, raking in Dh180 million, as it

plans to build up its assets in the education space.

• DFM-listed Amanat could offer a stock float of its education-focused
assets. In a stock market filing on DFM, it is considering a ‘potential

regional listing’ for these assets. The company is appointing financial

advisors to evaluate ‘monetisation options’ to this end.

And there is appetite building up for more such education focused offerings.
Because the impression remains that investors in the UAE – and the Gulf –

would not mind seeing more options available in two vital sectors, education

services and healthcare.

“In the UAE, all you need to do is announce a new school project and it’s a

given that admission bookings will close well before the school actually
opens,” said an analyst. “This is not some demand that will see a slowing

down any time soon. Investors know that and want a piece of that action.”

Taaleem, the Dubai headquartered school operator, has come up with
solid financials in its recent quarters. And its stock? Up more than 40
per cent in the last 12 months.Image Credit: Supplied

It’s into this space that Alef Education opens its IPO process and go on to a

listing on the ADX. The group, which is into digital education services, has

long-term contracts to provide these solutions to all public schools in the UAE.

As well as ‘many’ private schools.

https://gulfnews.com/business/markets/as-alef-ipo-opens-is-education-going-to-be-next-big-
theme-on-uae-stock-markets-1.1716866248179