Page 13 - Tecom Group News Today

Individual subscribers across nationalities can buy shares in Dubai's Salik

Taaleem Holding owns Dubai British School and American Academy for Girls

Emaar Properties has acquired the 50 per cent stake held by Dubai Holding

DUBAI: Dubai Financial Market announced on its website that Tecom Group, the operator of business districts in Dubai, will be included in the general and real estate indices starting Monday. After raising 1.7 billion dirhams ($462 million) in an initial public offering, which was oversubscribed by more than 21 times, the company began trading on the DFM on July 5. As a result,

The UAE-based money-exchange firm held initial talks with potential advisers about the Dubai listing that may happen in the first quarter of 2023

Family-owned company operates over 220 branches in UAE

Tecom's first ever results post IPO should please investors

Dubais Tecom Group has seen its H1 2022 net profit jump 43.4% YoY (year-on-year) to AED428 million ($116.5 million) owing to double-digit revenue growth, enhanced operational efficiencies and lower total financing costs.

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TECOM's revenue increased 15.8% YoY driven by higher occupancy rates across commercial and industrial segments.