TECOM Group P.J.S.C., a key player in Dubai's business landscape, recently announced a significant milestone at its Annual General Assembly Meeting held in Dubai Internet City. The meeting saw shareholders approving a cash dividend of AED 400 million for the second half of 2024, bringing the total dividends for the year to AED 800 million. This decision aligns with the company's approved dividend policy, which remains in place until mid-2025.

Malek Al Malek, Chairman of TECOM Group, expressed gratitude for the investors' confidence, emphasizing the group's strategic role in enhancing Dubai's knowledge economy. He highlighted the group's strong performance in 2024, which facilitated strategic investments amounting to AED 2.7 billion. These investments are targeted at sustainable growth, expanding TECOM's influence and contributing to Dubai's economic success.

TECOM Group's financial results for FY 2024, announced earlier in February 2025, showcased impressive growth. Revenues increased by 11% year-on-year to AED 2.4 billion, with occupancy and retention rates standing at 94% and 92%, respectively. The group's net profits saw a 14% year-on-year increase to AED 1.2 billion, supported by improved collections and the performance of income-generating assets.

The group's strategic expansion across its 10 specialized business districts underscores its commitment to delivering quality solutions and ensuring customer satisfaction. This robust financial performance and strategic foresight position TECOM Group as a significant contributor to Dubai's dynamic business environment.

For investors, TECOM Group presents a stable investment opportunity with its strong financials and strategic growth initiatives. The consistent dividend policy and the group's role in Dubai's economic framework suggest a 'hold' strategy for current investors, allowing them to benefit from future growth and sustained dividends.