#Tecom Group
The group’s Q3 earnings before interest, taxes, depreciation and amortisation rose by 13 per cent YoY to Dhs410m
The innovation and entrepreneurship platform said 120 new ventures joined its ecosystem in the first nine months of 2023
The Immersive escape room developed by Environment Agency – Abu Dhabi and Emirates Nature-WWF in partnership with the TECOM will tour the UAE
Dubai International Academic City and Dubai Knowledge Park aim to equip students with future-proof skills during the 2023-24 academic year
The H1 2023 revenue topped Dhs1bn, up 6 per cent YoY, driven by 87 per cent occupancy rate attributable to high retention rate and adding more than 1,500 new customers
The unsecured loan facility is expected to have a positive impact on the company’s cash flow profile while providing funds to execute growth strategy
The group’s Q1 revenue touched Dhs514m, a 6 per cent year-on-year increase on the back of sustained occupancy levels and high retention rates
The group’s shareholders approved the board’s recommendation to distribute the dividend in April 2023
The revenue for 2022 rose by 12 per cent YoY to Dhs1.97bn due to a significant increase in new customers and the delivery of new built-to-suit projects
As many parts of the world look to accommodate new work environments, Tecom Group remains committed to providing companies with modern and flexible spaces to engage
Innovation Hub Phase 1 is approaching full capacity, housing tech players such as Google, Hewlett-Packard and Gartner
Occupancy levels for its commercial and industrial assets were 83.5 per cent, registering the third sequential growth and a significant increase from the previous year
Intel will also relocate AI experts from various global offices to bring international tech talent and skills into the community
A total of 625,000,000 shares, equivalent to 12.5 per cent of Tecom Group’s issued share capital, were issued
The global offering drew substantial demand from both the qualified institutional offer and UAE retail offer, with total gross demand reaching Dhs35.4bn
The final offer price is expected to be announced on June 27, 2022
The company expects to pay a dividend amount of Dhs800m per annum over the next three years
As a collaborative community, D/Quarters will accommodate freelancers, entrepreneurs, SMEs and multinational corporations
A listing could come as soon as the middle of this year
Tecom’s business communities include Dubai Internet City, Dubai Media City, Dubai Design District and Dubai Industrial Park