Taaleem Investor Presentation
New
Cairo
University
JM
New Acquisition in East Cairo
Located in East Cairo
Initial Capital Injection of EGP 302mn
Hosts up to 7 Faculties
m²
80k SQM
A Third Asset Under Development
The newly acquired university is located in a densely populated area in East Cairo, serving a large faction of students with means to invest in high quality education. Since inception,
Taaleem has gone through several rigorous selection processes to land on a suitable asset to acquire before choosing this new university as an ideal investment opportunity given that it
meets the criteria set forth by the Company.
The acquisition of the university is a step forward towards our strategy of becoming Egypt's leading higher education services provider by expanding in key locations and providing value
for money, high-quality tertiary education. The acquisition in New Cairo expands Taaleem's portfolio to three universities, of which, two universities are in Greater Cairo.
Transaction Overview
The acquisition of the university will be completed through Taaleem's subscription to a capital increase of the target company that currently owns the university to fund the construction of
the campus on an area of 80 thousand square meters in a strategic location in East Cairo, with a capacity to host up to seven faculties. The capital injection will be used to expedite the
construction and subsequent launch of the university. Taaleem's investment will bring its ownership to 32% against a capital increase of EGP 302mn in the target company, with a path to
51% shareholding one year after the university enrolls students. Moreover, the Shareholders' Agreement (SHA) between Taaleem and the existing shareholders of the target company
stipulates Taaleem's right to full operational and financial control over the university from the onset of the agreement.
Semi-Green Acquisition
The university in New Cairo is a semi-green asset, meaning that it has already completed part of the licensing process. The university file has received approvals from the Ministry of
Housing, Utilities & Urban Communities (MHUC) and the Supreme Council of Private Universities (SCPU), with the licensing process pending only the cabinet's approval and the
presidential decree.
Taaleem | Investor Presentation
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