TECOM GROUP P.J.S.C.

Logotype for TECOM GROUP P.J.S.C.
Ticker/ISIN
TECOM
AEE01081T004
Market/Country
Dubai Financial Market
United Arab Emirates

About TECOM GROUP P.J.S.C.

TECOM Group has been developing strategic, sector-focused business districts across the emirate of Dubai since 1999. TECOM Group is well-positioned to continue playing an integral role in cementing Dubai’s status as a global business and talent hub.

The TECOM Group portfolio consists of 10 business districts catering to 6 vital knowledge-based economic sectors, including design, education, manufacturing, media, science, and technology. The Group provides a varied and tailor-made leasing portfolio – which includes offices, co-working spaces, warehouses and land – to over 10,000 customers and more than 105,000 professionals.

TECOM Group offers additional value-added services to deliver a competitive and attractive environment for businesses and entrepreneurs to thrive in and to facilitate engagement between the districts’ community members. Government and corporate services are made available through an integrated smart services platform, “axs”, which enhances ease of doing business and provides community members with a seamless experience.

TECOM Group also provides industry specialised facilities, including media production studios, laboratories and higher education campuses. in5, its enabling platform for entrepreneurs and start-ups, offers innovation centres supporting tech, media, and design start-ups and SMEs. Its future-focused co-working spaces D/Quarters deliver stimulating work environments for tenants, and the “GoFreelance” package serves freelance talents.

Latest Pressrelease Summaries from TECOM GROUP P.J.S.C.

TECOM Group has achieved LEED certification for 55% of its office buildings' gross leasable area (GLA) across Dubai, reinforcing its commitment to sustainable development as part of its environmental, social, and governance (ESG) framework. As of the first half of 2025, the group has 55 LEED-certified buildings, including those in Dubai Internet City, Dubai Media City, Dubai Design District, and Dubai Industrial City, which have received LEED Gold certifications. This achievement aligns with the United Nations’ Sustainable Development Goals and aims to create long-term value for customers and colleagues. TECOM Group's efforts in sustainability and energy efficiency, such as their Energy Retrofit Project, have led to significant energy savings and are recognized by the Dubai Supreme Council of Energy. The group emphasizes the importance of sustainable practices in shaping the future of urban workspaces and enhancing business excellence for its global customers.
TECOM Group has announced a AED 1.6 billion investment to expand its portfolio in Dubai Industrial City by acquiring 138 land plots covering 33 million square feet. This acquisition increases TECOM Group's total investments to AED 4.3 billion since last year and expands its land portfolio to over 209 million square feet. The move aims to meet the strong demand for commercial and industrial assets and aligns with long-term initiatives such as Operation 300bn, Make it in the Emirates, and the Dubai Economic Agenda 'D33'. Dubai Industrial City, a key manufacturing and logistics hub, is currently operating at a 99% occupancy rate. The acquisition, approved by TECOM Group's Board of Directors, is expected to enhance the appeal of Dubai Industrial City to manufacturing and logistics companies, supporting both existing and new customer needs. Abdulla Belhoul, CEO of TECOM Group, highlighted the strategic importance of this acquisition in reinforcing the UAE and Dubai's role as a global hub for foreign direct investment and advancing the country's manufacturing sector.
TECOM Group reported a 22% increase in net profit for the first half of 2025, reaching AED 737 million, driven by strategic expansion and strong performance across its business segments. Revenue grew by 21% to AED 1.4 billion, supported by rising rental rates, high occupancy rates, and income from strategic assets acquired the previous year. EBITDA rose 24% year-on-year to AED 1.1 billion, with the EBITDA margin increasing to 80%, indicating operational optimization and sustainable growth. Funds from operations increased 17% to AED 984 million, due to improved revenue quality and effective portfolio management. The Board of Directors approved an interim cash dividend of AED 400 million for the first half of 2025, in line with the company's dividend policy. The results highlight TECOM Group's strong performance and its role as a key partner for international and regional companies, reinforcing Dubai's position as a leading hub for foreign direct investment.
The document is the condensed interim consolidated financial statements of TECOM Group PJSC and its subsidiaries for the six-month period ending June 30, 2025.
The Board of Directors of TECOM Group PJSC will meet on Thursday, 31 July 2025, at 3:00 PM to discuss and approve several matters. These include reviewing the condensed consolidated interim financial statements for the first half of the financial year ending 30 June 2025, considering the distribution of an interim cash dividend for the same period, and addressing regular matters and any other business. A copy of this disclosure is also being sent to the Securities and Commodities Authority.
The earnings call for TECOM Group PJSC regarding the financial statements for the first quarter ending on March 31, 2025, was held at 3:00 pm on Monday, May 12, 2025. Shareholders and investors are encouraged to visit the Investor Relations page on the company's website to view the presentation of the financial results and operational highlights for the period. A link to the presentation is provided. The communication is addressed to Mr. Hamad Ali, CEO of the Dubai Financial Market, and is copied to the Securities and Commodities Authority. The letter is from Abdulla Belh, a Chief Executive, and TECOM Group is a member of Dubai Holding.
TECOM Group reported a 23% increase in net profit for Q1 2025, driven by Dubai's strong economic performance and global investment appeal. Revenue rose 21% year-on-year to AED 680 million, supported by robust performance across all business segments and a strategic focus on sustainable growth. EBITDA increased by 23% to AED 540 million, with the EBITDA margin improving to 79%. The net profit reached AED 361 million, aided by higher revenue and effective capital management. The customer base grew by 6% to over 12,000, with strong demand for commercial, industrial, and land lease assets. The group's results reflect the strength of its diverse asset portfolio and its successful long-term growth strategy. Operational highlights include a 4% increase in commercial and industrial occupancy to 95% and a 2% rise in land lease occupancy to 98%.
TECOM Group PJSC and its subsidiaries have released their condensed interim consolidated financial statements for the three-month period ending on March 31, 2025.

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Dubai Financial Market News profile image

Dubai Financial Market News

News Update From TECOM GROUP P.J.S.C.

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From TECOM GROUP P.J.S.C.

Disclosure: BOD meeting

On 29 July 2024, Mr. Hamad Ali, the CEO of Dubai Financial Market, was informed that the Board of Directors of TECOM Group PJSC will hold a meeting on 01 August 2024 at 3:00 PM. The agenda includes discussing and approving the condensed consolidated interim financial statements for the first half of the financial year ending 30 June 2024, considering a proposal to distribute an interim cash dividend for the same period, and addressing regular matters and any other business. This information was also copied to the Securities and Commodities Authority.

1. Attached Document

JohnnyDebt profile image

JohnnyDebt

Commented on RealEstateKings Transaction regarding TECOM GROUP P.J.S.C.

Interesting move! TECOM GROUP at 2.55 AED per share seems like a strategic buy. Diversifying beyond Real Estate and Utilities could balance your portfolio. Keep a close watch on market trends!
TomFlooz profile image

TomFlooz

Commented on RealEstateKings Transaction regarding TECOM GROUP P.J.S.C.

Solid move! TECOM GROUP has strong growth potential. Diversifying into tech within your real estate-heavy portfolio could balance risk and reward. Keep an eye on market trends! 🚀
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FinanceBroAED

Commented on RealEstateKings Transaction regarding TECOM GROUP P.J.S.C.

Looks like you're building your own "TECOM Tower"! 🏢 Nice move, but don't let those utilities stocks short-circuit your plans! ⚡📈
Dubai Financial Market News profile image

Dubai Financial Market News

News Update From TECOM GROUP P.J.S.C.

Disclosure: Press Release

TECOM Group is investing AED 1.7 billion in strategic projects as part of its next phase of growth. The group's board of directors has approved a plan to expand its portfolio and promote sustainable growth. The plan includes acquiring high-quality office buildings in Dubai Internet City and industrial land plots. The investments are expected to contribute immediately to revenue growth and portfolio value appreciation and meet market demand in the medium to long term. This expansion plan reflects TECOM Group's confidence in the demand for commercial Grade A spaces and industrial assets, supported by Dubai's strong economic development. The investments will be carried out by TECOM Group's subsidiaries. The group is well-funded to acquire these strategic assets, backed by strong financial performance and ample liquidity.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From TECOM GROUP P.J.S.C.

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From TECOM GROUP P.J.S.C.

Disclosure: BOD Meeting

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From TECOM GROUP P.J.S.C.

Disclosure: Results of Earnings Call

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From TECOM GROUP P.J.S.C.

Disclosure: TECOM Group Earnings Call

1. Attached Document