Taaleem to Offer 49% of its Shares on EGX

Taaleem to Offer 49% of its Shares on EGX

The Education management company, Taaleem, subsidiary of the listed CI Capital, intends to trade part of its shares on the Egyptian Exchange (EGX).

Approximately 357.82 million ordinary shares, representing 49% of the capital, will be issued through an initial public offering (IPO) and a private placement in the secondary market.

Taaleem is a leading higher education platform that controls and operates NUB, the largest private university in Upper Egypt, with more than 5,600 enrolled students. The university’s location in Beni Suef enables students from this highly populous and under-served region to gain access to high-quality education and state-of-the-art teaching methods.

CI Capital owns an effective stake of 16.5% in Taaleem.

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