Page 17 - Tecom Group News Today

Tecom Group plans Dh800m payout for each of the next 3 years

Tecom’s tenant retention rate of 87% indicates Dubai’s strong Covid-resilient credentials

Business park operator to list shares on DFM on July 5, institutional and retail investors can buy shares from June 16

RIYADH: TECOM Group, a member of the Dubai Holding group, plans to list its ordinary shares on the Dubai Financial Market on July 5 in an initial public offering. Tecom Group, which owns and operates 10 sector-focused business districts across Dubai, is offering 625 million ordinary shares, representing 12.5 percent of the company's issued capital, according to a statement by

Tecom Group, a member of the Dubai Holding group, on Thursday announced its intention to proceed with an Initial Public Offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM).

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Members will be based at Dubai Internet City and Dubai Media City

RIYADH: Tecom Group is aiming for an annual dividend payout of 800 million dirhams ($218 million) following its listing in the first half of the year. The firm, which is part of state-owned Dubai Holding, may go public as early as June, Bloomberg reported citing an unnamed source. The initial public offering of Tecom is part of Dubai’s plans to strengthen its capital market by

Tecom, which operates Dubai’s internet and media cities, will also list on DFM

Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, has met with the President of the Republic of Azerbaijan, Ilham Aliyev, at the Azerbaijani capital, Baku.