Tecom Group PJSC (TECOM)

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News

18 December 08:07 PM Tecom Group launches AED 615m innovation hub Phase 4 in Dubai

Dubai – Mubasher: Tecom Group has launched Phase 4 of Innovation Hub in Dubai Internet City at a value of AED 615 million amid rising demand for Grade-A office spaces from global multinational companies. With a gross leasable area (GLA) of 263,000 …

Companies Investments

3 November 10:25 AM Tecom Group posts 18% higher profits in 9M-25

Dubai – Mubasher: Tecom Group recorded net profits amounting to AED 1.11 billion in the first nine months (9M) of 2025, up 18% from AED 942.67 million in 9M-24. Revenues hiked by 20% year-on-year (YoY) to AED 2.11 billion as of 30 September 2025 …

Financial Results

28 August 02:27 PM Tecom Group approves AED 1.6bn acquisition to expand Dubai Industrial City

Dubai – Mubasher: The board members of Tecom Group approved the acquisition of 33 million sq.ft of land at Dubai Industrial City for AED 1.60 billion, according to a press release. The deal with Dubai Holding Asset Management will expand the …

Mergers and Acquisitions

3 August 07:53 AM Tecom Group records AED 737.5m profits in H1-25; dividends unveiled

Dubai – Mubasher: The net profits of Tecom Group jumped by 22% year-on-year (YoY) to AED 737.42 million in the first half (H1) of 2025 from AED 603.04 million. The UAE-based group posted an annual rise of 21% in revenue to AED 1.38 billion as of …

Financial Results

4 May 02:10 PM Tecom Group’s profits rise 23% in Q1-25

Dubai – Mubasher: Tecom Group reported net profits valued at AED 360.86 million in the first quarter (Q1) of 2025, an annual rise of 23% from AED 292.52 million.  Revenues increased by 21% year-on-year (YoY) to AED 679.73 million in the first …

Financial Results

11 March 04:45 PM Tecom Group’s AGM approves AED 400m cash dividend for H2-24

Dubai – Mubasher: The annual general assembly meeting (AGM) of Tecom Group approved the board’s recommendation to distribute a cash dividend of AED 400 million or 8 fils per share for the second half (H2) of 2024. This brings the full-year cash …

Cash Dividends

6 February 07:33 AM Tecom Group’s profits exceed AED 1.2bn in 2024; dividends for H2-24 proposed

Dubai – Mubasher: Tecom Group witnessed 14% year-on-year (YoY) higher net profits at AED 1.22 billion in 2024, compared to AED 1.07 billion, according to the financial results. Revenues soared by 11% to AED 2.40 billion at the end of December 2024 …

Cash Dividends

3 November 2024 00:37 PM Tecom Group sees 23% higher profits in 9M-24

Dubai – Mubasher: Tecom Group logged net profits amounting to AED 942.67 million in the first nine months (9M) of 2024, higher by 23% than AED 767.54 million in 9M-23. The revenues stood at AED 1.75 billion as of 30 September 2024, up 10% …

Financial Results

21 October 2024 01:58 PM Tecom Group concludes acquisition of Office Park

Dubai – Mubasher: Tecom Investments FZ LLC, a subsidiary of Tecom Group, has completed the acquisition of Office Park from Emirates REIT at a value of AED 720 million, according to a press release. Following the transaction, the UAE-based group …

Companies Investments

2 October 2024 09:44 AM Tecom Group unveils AED 720m acquisition deal

Dubai – Mubasher: Tecom Group has signed a binding memorandum of understanding (MoU), on 30 September 2024, to acquire a multi-let commercial asset in Dubai Internet City for AED 720 million. The agreement was signed between Tecom Investments FZ …

Companies Investments

22 August 2024 10:08 AM Tecom Group’s acquisition deals, investments exceed AED 2bn

Dubai – Mubasher: Tecom Group completed the acquisition of new commercial and industrial assets as part of an AED 1.70 billion strategic plan that was announced in May 2024, according to a press release. This aligns with the group’s announcement …

Companies Investments

4 August 2024 01:28 PM Tecom Group unveils AED 603m profits in H1-24, dividends

Dubai – Mubasher: Tecom Group achieved net profits worth AED 603.04 million in the first half (H1) of 2024, an annual increase of 24% from AED 484.59 million. The revenues increased by 9% year-on-year (YoY) to AED 1.14 billion in H1-24 from AED …

Financial Results

28 May 2024 03:57 PM Dubai Industrial City boosts regional presence via AED 410m land capacity expansion

Dubai – Mubasher: Dubai Industrial City, part of Tecom Group, has officially launched 13.90 million sq.ft of additional land capacity within its ecosystem, according to a press release. The additional land capacity was acquired through a AED 410 …

Global Economy

16 May 2024 01:16 PM Tecom Group unveils AED 1.7bn investments in strategic projects

Dubai – Mubasher: The board of Tecom Group has approved a strategic acquisition and development plan valued at AED 1.70 billion, according to a press release. Under the expansion plan, the UAE-based group will invest AED 966 million to acquire …

Board of Directors

5 May 2024 00:31 PM Tecom Group registers 15% YoY higher profit in Q1-24

Dubai – Mubasher: Tecom Group posted a 15% year-on-year (YoY) jump in net profit to AED 293 million in the first quarter (Q1) of 2024 from AED 255 million. Revenues increased by 10% YoY to AED 564 million in Q1-24 from AED 514 million, according …

Financial Results

5 March 2024 00:09 PM Tecom Group’s shareholders approve AED 400m dividends for H2-23

Dubai – Mubasher: The shareholders of Tecom Group agreed to distribute a cash dividend of AED 400 million, equivalent to 8 fils per ordinary share, for the second half (H2) of 2023. The annual general assembly meeting greenlighted the dividends …

Cash Dividends

31 January 2024 11:05 AM Tecom Group’s profits exceed AED 1bn in 2023; dividends unveiled

Dubai – Mubasher: Tecom Group recorded higher net profits at AED 1.07 billion in 2023, marking a 49% increase from AED 725.61 million in 2022. Revenues grew by 10% year-on-year (YoY) to AED 2.16 billion in 2023 from AED 1.97 billion, according to …

Board of Directors

1 November 2023 01:59 PM Tecom Group posts 20% higher profits in 9M-23

Dubai – Mubasher: Tecom Group logged net profits valued at AED 767.54 million in the first nine months (9M) of 2023, an annual surge of 20% from AED 639.06 million. Revenues stood at AED 1.58 billion during January-September 2023, up 7% …

Financial Results

3 August 2023 03:40 PM Tecom Group records surge in H1-23 profits; dividends unveiled

Dubai – Mubasher: Tecom Group generated AED 484.50 million in net profit during the first half (H1) of 2023. The recorded net profits were higher by 13% year-on-year (YoY) than AED 427.53 million, according to the income statements. Revenues hit …

Financial Results

15 June 2023 03:16 PM Tecom Group enters into AED 7.6bn loan deal to secure refinancing

Dubai – Mubasher: Tecom Group has entered into a new five-year AED 7.60 billion unsecured loan facility that replaces the existing partially utilised term loan of AED 7.60 billion. The new loan agreement will have a positive impact on Tecom …

Banking and Finance

3 May 2023 00:06 PM Tecom Group’s profits jump 34% in Q1-23 results

Dubai – Mubasher: Tecom Group registered net profits amounting to AED 255.13 million in the first quarter (Q1) of 2023, an annual growth of 34% from AED 190.26 million. The UAE company posted revenues valued at AED 513.78 million during …

Financial Results

15 March 2023 07:30 PM Tecom Group’s shareholders approve AED 200m dividends for H2-22

Dubai – Mubasher: The equityholders of Tecom Group approved, on 14 March, the board’s recommendation to distribute a cash dividend of AED 200 million, accounting for 40% of the capital, for the second half (H2) of 2022. The group will pay 4 fils …

Cash Dividends

26 October 2022 05:27 PM Tecom Group witnesses higher profits at AED 639m in 9M-22

Dubai – Mubasher: The net profits of Tecom Group hiked by 51.27% year-on-year (YoY) to AED 639.06 million in the first nine months (9M) of 2022, compared to AED 422.47 million. Revenues totalled AED 1.47 billion in 9M-22, higher by 14.67% than AED …

Financial Results

17 October 2022 03:41 PM Tecom Group’s board proposes AED 200m interim dividends

Dubai – Mubasher: The board of Tecom Group has recommended interim cash dividends of AED 200 million, equivalent to 4 fils per share. Subject to the shareholder’s approval, the UAE-based firm will distribute the dividends this October, according …

Cash Dividends

4 October 2022 03:30 PM DFM welcomes IPOs raising AED 208.2bn in 9M

By: Malek Salama Dubai - Mubasher: The Dubai Financial Market (DFM) welcomed new initial public offerings (IPOs) worth AED 208.20 billion ($56.70 billion) during the first nine months (9M) of 2022. These IPOs aim to support Dubai’s financial …

Initial Public Offerings