Shareholder acquires 6.26% stake in Taaleem Management Services

Updated 9/16/2021 2:55:02 PM

ArabFinance: Taaleem Management Services (TALM) announced that shareholder Ismail bin Ali bin Ismail Turki has acquired 6.26% stake in the company, representing 45.73 million shares, according to a filing to the Egyptian Exchange (EGX).

The shares’ purchase transaction has been implemented at a total value of EGP 210.18 million, equivalent to an average price of EGP 4.59 per share.

Established in 2015, Taaleem Management Services Company is engaged in the education sector. It owns Nahda University Beni Suef located in upper Egypt.