Taaleem has secured AED 968 mn in fresh financing agreements to fund expansion, according to a press release. The DFM-listed education provider will receive two facilities from Emirates Islamic — AED 730 mn to finance its recent acquisition of a majority stake in Kids First Group, and AED 238 mn to build a new Harrow International School campus in the UAE.

ICYMI- Taleem agreed to acquire a 95% controlling stake in GCC early education provider Kids First back in June. The value of the takeover wasn’t disclosed at the time, though a disclosure said it would be financed through a mix of debt and equity, with a target of completion in 4Q of FY 2024/2025. The transaction will add a network of 34 nurseries in the UAE and Qatar to Taaleem’s portfolio.

The school operator is also building two Harrow schools in the UAE. Harrow International School Dubai is set to open next August, whilst the Abu Dhabi school is also slated to be ready for students next year. It secured the exclusive rights to operate the Harrow brand in the GCC in 2024.

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