Profit Growth and Interim Dividend Announced

Tecom Group Reports Strong H1-2025 Performance

Tecom Group, a major business hub operator in Dubai, has announced robust financial results for the first half of 2025, driven by high occupancy rates across its diverse portfolio. The company's revenue increased by over 20% to Dh1.4 billion, leading to a 22% surge in profits, reaching Dh737 million. This strong performance has prompted the board of directors to approve an interim cash dividend of Dh400 million for H1-2025.

Occupancy rates across Tecom's commercial and industrial portfolio closed at an impressive 95%. The 'land lease' portfolio achieved an even higher rate of 99%, fueled by strong demand from the industrial sector. Dubai Industrial City, a key asset, continues to solidify its position as a leading manufacturing and logistics hub with strong occupancy.

Tecom Group's CEO, Abdulla Belhoul, attributed the success to strategic investments and attracting new customers. A notable development includes the opening of PayPal's first regional headquarters in Dubai Internet City in April. The company is also planning a new dividend policy for H2-2025, which includes an expected 10% increase, subject to shareholder approval.