DFM ---ADX ---
1hUAE Fuel Prices Rise for August 2026: What Motorists Should ExpectBusiness
3hCBI Reports Strong 68% Profit Surge in First Half of 2026Business
3he& Reports Strong H1 2026 Growth as Subscriber Numbers SurgeBusiness
3hTecom Group Experiences Strong Growth in First Half of 2026Business
3hSharjah Airport Authority Recognizes Contributors to 'Because We Care' InitiativeBusiness
3hIndia's Gold Import Tax Hike Fuels Smuggling SurgeBusiness
3hUAE fuel prices for August 2026: What you need to knowBusiness
3hSharjah Empowers Women Entrepreneurs with New E-Commerce InitiativeBusiness
3hElon Musk Rejects Rumors of Tesla China Business SaleBusiness
3hUncertainty Clouds Markets After Federal Reserve’s Hawkish HoldBusiness
10hMashreq Records Strong H1 2026 Growth Amid Regional Economic ResilienceBusiness
21hEA FC 27 Gameplay Reveal: Major Shifts and New MechanicsBusinessTechnology
1dUAE Capital Market Authority Eliminates 15 Fees to Boost Market EfficiencyBusiness
1dGold Market Trends: Why Investors Are Choosing Bars Over JewelleryBusiness
1dGCC Faces Massive Debt Maturity Peak Approaching 2029Business
1dFlydubai Expands Italian Routes with Increased Service to Naples and MilanBusiness
1dAI Infrastructure Overtakes E-commerce as the New Driver of Asian Air CargoBusiness
1dThe Evolution of Wealth Management: How AI is Reshaping UAE Financial HabitsBusiness
1dHow Solar Energy Can Slash Costs for GCC Mega-ProjectsBusiness
1dWaha Capital Posts Strong 62% Profit Growth in H1 2026Business
1dUAE Keeps Interest Rates Steady Following Federal Reserve MoveBusiness
1dResponse Plus Holding Sees Profits Soar Amid Regional ExpansionBusiness
1dADIB Hits Major Milestone as Half-Year Profits Climb 8%Business
1dIndian Oil Corp Eyes Stake in Gas Carriers to Boost US LPG ImportsBusiness
1dBeyond Blockchain: Why Governance Holds the Key to DAO SuccessBusiness

Tecom Group Experiences Strong Growth in First Half of 2026

Fri, Jul 31, 2026(3h ago)Business

Tecom Group has posted a robust financial performance for the first half of 2026, with recurring net profit climbing 9% year-on-year to Dh805 million. This upward trend was fueled by a 11% rise in revenue, reaching over Dh1.5 billion, and a healthy EBITDA of Dh1.2 billion. The company’s success is largely attributed to high demand across its 10 specialized Dubai business districts, where commercial and industrial occupancy rates hit an impressive 97%. Driven by this strong operational momentum and a 12% increase in funds from operations, the board has approved an interim cash dividend of Dh440 million, slated for payout in August.

Strategic expansion and operational efficiency remain at the heart of Tecom Group's growth strategy. Throughout the first half of the year, the company secured major partnerships, including the launch of Hisense’s regional headquarters and new industrial facilities at Dubai Industrial City. Beyond physical expansion, the group is doubling down on sustainability, with 81 of its buildings now LEED-certified and a significant portion of its energy consumption being met by renewable sources. As management continues to balance portfolio development with financial prudence, the group remains well-positioned to meet the evolving needs of both regional and international businesses operating within its ecosystem.

Comments0
No comments yet. Be the first to share your thoughts.