Tecom Group PJSC (TECOM)

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News

30 April 08:39 AM Tecom Group delivers resilient financial performance in Q1-26; revenues jump 11%

Dubai – Mubasher: Tecom Group registered net profits amounting to AED 403.42 million in the first quarter (Q1) of 2026, an annual growth from AED 360.86 million. The basic and diluted earnings per share (EPS) recorded AED 0.08 in the January-March …

Financial Results

12 March 01:52 PM Tecom Group greenlights AED 440m dividends for H2-25, ups dividends for 2026

Dubai - Mubasher: The shareholders of Tecom Group approved cash dividends totaling AED 440 million for the second half (H2) of 2025, according to a press release. This approval brings total dividends for 2025 to AED 840 million, marking a fourth …

Cash Dividends

3 February 04:08 PM Tecom Group’s net profits exceed AED 2bn in 2025; higher dividends proposed

Dubai – Mubasher: Tecom Group generated AED 2.08 billion in net profits during the January-December 2025 period, up year-on-year (YoY) from AED 1.22 billion, according to the financial results. The group’s revenues increased by 19% YoY to AED 2.85 …

Cash Dividends

18 December 2025 09:07 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 2025 11:25 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 2025 03:27 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 …

Companies Investments

3 August 2025 08:53 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 …

Cash Dividends

4 May 2025 03:10 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 2025 05:45 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 …

General Assembly

6 February 2025 08:33 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 …

Board of Directors

3 November 2024 01:37 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 02:58 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 …

Mergers and Acquisitions

2 October 2024 10:44 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 11:08 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 …

Mergers and Acquisitions

4 August 2024 02:28 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 04:57 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 02:16 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 …

Companies Investments

5 May 2024 01:31 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 01:09 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 00:05 PM 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 02:59 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 04:40 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 04:16 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 01:06 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 08:30 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 …

Financial Results