Taaleem Holdings

A sizeable investment now needs to deliver

Initiation research

Taaleem has invested heavily in new schools across the UAE. Its established campuses provide a base of earnings, while newer schools need time to fill their classrooms and cover the costs of expansion.

Our initiation note looks at how rising enrolments could improve earnings and cash flow as construction spending falls. We examine the debt taken on to fund growth, the Kids First Group investment and what the expanded school portfolio could be worth to shareholders.

James Mickleboro · Evermore Research
21 pages · PDF

Intended for US readers only. General, impersonal investment research. Read the sources and research disclosure on page 21.

Read report (PDF)