Tecom achieves record revenues of $ 653 million in 2024


The Tikom Group, listed in the Dubai Financial Market that owns and manages specialized business complexes focusing on vital sectors, achieved record revenues of 2.4 billion dirhams, or about 653.4 million dollars, an increase of 11% on an annual basis.

Tikom said in a statement on the Dubai Financial Market website, that she recorded a 14 percent growth in net profit on an annual basis to 1.2 billion dirhams, or about 327 million dollars for the fiscal year ending 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 of 400 million dirhams “8 fils per share” for the second half of the year 2024, after obtaining the approval of the shareholders during the expected annual general assembly meeting on March 10, 2025, in accordance with the policy of distributing the accredited profits until the first half of 2025 .

The Board of Directors was also considered to increase the expected cash dividends from the second half of 2025 by 10 percent. (Sky News)


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