Dubai, United Arab Emirates – Tecom Group, listed on the Dubai Financial Market, announced strong financial results for the first half of this year, recording a 22 percent growth in net profits to reach 737 million dirhams, compared to the same period last year.
Revenues rose by 21 percent to reach AED 1.4 billion, driven by increased rental and occupancy rates and growth in revenues from strategic assets.
Earnings before interest, taxes, depreciation and amortization recorded a growth of 24 percent on an annual basis to reach 1.1 billion dirhams, and the profit margin reached 80 percent, reflecting the efficiency of the group’s operational operations and sustainable growth.
Cash flows from operating operations also increased by 17 percent to reach AED 984 million, supported by improved revenue quality and effective business portfolio management.
The Board of Directors approved the distribution of interim cash dividends worth 400 million dirhams for the first half of this year, in accordance with the group’s approved dividend distribution policy.
Malik Al Malik, Chairman of the Board of Directors of TECOM Group, said that these results reflect the group’s flexibility and its ability to keep pace with the economic growth witnessed by the UAE, adding that the group continues to enhance its operational efficiency and provide sustainable value to shareholders.
For his part, Abdullah Belhoul, Group CEO, confirmed that the financial and operational performance during the first half of the year represents confirmation of the success of the adopted strategy and the growth of the customer base in the six business sectors managed by TECOM in Dubai.
He added that the group’s assets achieved high occupancy levels, reaching 95 percent in the commercial and industrial sectors, and 99 percent for the land leasing portfolio, supported by strong demand and government programs such as the 300 Billion Project, Made in the Emirates, and the Dubai Economic Agenda.
In terms of operational results, PayPal recently opened its regional headquarters in Dubai Internet City, Pure Ice Cream began construction of its new factory in Dubai Industrial City worth AED 80 million, and Dubai Design District celebrated more than a decade since its establishment and launched the first design award of its kind.
The group continued to strengthen its commitment to environmental, social and governance practices, as the number of buildings certified as leaders in energy and environmental designs increased to 55 buildings, and solar energy projects contributed to generating 8 gigawatt hours of clean energy.
The representation of female cadres reached 35.4 percent of the workforce, and TECOM Group obtained a certificate of compliance with Sharia controls and standards from the Sharia Review House for the period ending in March 2025, which strengthens its position as a company committed to the highest standards of transparency and financial compatibility.
This performance confirms Dubai’s growing position as a regional and international hub for business and investment in sectors of the new economy.
