"Ticoom" Revenue is achieved at a value of 2.4 billion dirhams in 2024

Dubai, February 6 / WAM / The Tikom Group listed in the Dubai Financial Market, which owns and runs specialized business complexes that focus on vital sectors, announced today its achievement of record revenues of 2.4 billion dirhams, an increase of 11% on an annual basis.
The net profit achieved 14% on an annual basis to reach 1.2 billion dirhams for the fiscal year ending on December 31, 2024.
According to Tikom, these results reflect the success of the Tecom Group’s strategy in continuing the process of sustainable growth by systematically expanding its portfolio and improving the efficiency of its operational operations, in parallel to enhance the high rates of occupancy and retaining customers during the year 2024.
The group’s board of directors recommended the distribution of cash dividends worth 400 million dirhams of AED “8 fils per share” for the second half of the year 2024, after obtaining the approval of the shareholders during the upcoming annual general assembly meeting on March 10, 2025, in accordance with the policy of distributing the profits approved until the first half of the year 2025.
The Board of Directors was also considered to increase the expected cash dividends from the second half of 2025 by 10%.
Malik Al -Malik, Chairman of the Tecom Group, said: The strong results achieved by the Tikom Group in 2024 reflect the strength and flexibility of the economy of the UAE and the Emirate of Dubai, and our firm commitment to continuing the prominent role of the group in enhancing the knowledge economy by attracting the most prominent international companies and the best distinguished talents in six Main and strategic sectors.
He added: The strategic investments announced by the group come with a total value of more than 2.7 billion dirhams during the year 2024, to enhance the march of its sustainable growth in a way that establishes the prominent role of the group as a strategic engine for the business sector, and we are always keen to invest in drawing a promising future for the Tikom Group, while achieving exceptional financial results Costs manage efficiently as well as maintain the highest levels of customer satisfaction.
For his part, Abdullah Balhll, CEO of Tikom Group, said: Dubai and the UAE continues to achieve strong and sustainable growth within the commercial real estate and industry sectors, supported by remarkable growth in the GDP, non -oil.
In his speech during a remote media meeting after announcing the results, Al -Hall stressed that the customer base is expanding steadily, pointing out that it has grown during the year 2024 by about 8% to reach 11900, pointing out that global challenges are pushing investors to search for areas that achieve or continue to grow, and the Gulf And the UAE in general is one of the most prominent destinations.
He pointed out that the growth of the group’s investments will continue this year and in all fields and sectors within which the group operates, to meet the increasing demand by customers.
The group’s revenues registered their increase with the support of increased occupancy rates by 5% on an annual basis to reach 94%, and high rates to retain customers by 92% and the increase in rental rates.
The value of the assets has increased through an independent evaluation conducted by the Consulting Services Company “CBRE” on the fair value of the investment real estate portfolio in the Tecom Group, which amounted to 28 billion dirhams until December 31, 2024, and this value reflects an equal increase of 11% compared to the rates of 2023 and an increase On an annual basis of 22%, including new strategic acquisitions during 2024.
During the last quarter of 2024, revenues increased by 11% on an annual basis to 643 million dirhams, and the profits grew before calculating benefits, taxes, depreciation and consumption by 9% compared to the profits of the fiscal year 2023, to reach 458 million dirhams with a profit margin of 71%.

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