“The General Assembly of Tecom” agrees to distribute cash dividends of 400 million dirhams for the second half of 2024

The Tikom Group (listed in the Dubai Financial Market under the symbol “TECOM”), (“The Company” or “The Group”), which owns and runs specialized business complexes that focus on vital sectors, held its annual public association meeting in Dubai Internet City, where the shareholders agreed during this meeting to re -election the members of the Tecom Group Board and approve the financial statements for the year ending December 31, 2024, in addition to agreeing to the recommendation of the board of directors to distribute distribution Cash dividends of 400 million dirhams (8 fils per share) for the second half of the year 2024, thus reaching the total number of cash dividends for the fiscal year 2024 to 800 million dirhams (16 fils per share) in line with the policy of distributing the accredited profits until the end of the first half of the year 2025.

Continue to achieve sustainable growth

Commenting on this announcement, the Chairman of the Board of Directors of the Tikom Group, Malik Al -Malik, said: “The strong performance of the Tecom Group during 2024 contributed to enabling us to implement our strategic investments, including allocating an amount of 2.7 billion dirhams of investments to continue achieving sustainable growth. The best revenue for group shareholders. “

He added: “We seize this opportunity to express our appreciation for the confidence of the Tikom Group shareholders, which reflects the power of the group’s assets and its outstanding performance, in addition to its prominent role in enhancing the knowledge economy in Dubai and consolidating the emirate’s position as a leading global destination for investors and talent elite from all over the world.”

The Tecom Group announced its financial results for the year 2024 on February 6, 2025, including 11% revenue growth on an annual basis to 2.4 billion dirhams, in light of the registration of occupancy rates and the retaining of customers by 94% and 92%, respectively. The net profits in the year 2024 also recorded 14% on an annual basis to reach 1.2 billion dirhams, with cash flows from operational operations of 1.6 billion dirhams, driven by the efficiency of collections and high levels of assets.

The Tecom Group continues to enhance its basic work through the studied expansion in the portfolio of its assets, in light of the focus on creating high -quality solutions and enhancing customer satisfaction at the level of its ten specialized business complexes, which is characterized by its strategic locations throughout Dubai.