Arab Finance: Taaleem Management Services (TALM) has obtained the needed licenses to establish Memphis University, as per a filing on July 4th.
Memphis University marks the third educational institution to be set up under the patronage of Taaleem.
Taaleem owns 32% of Memphis University, and is fully entitled to manage the financial and operational matters.
It has the right to raise its stake in the university to up to 51% after the first academic year.