Market: Dubai | Symbol: TECOM | ISIN: AEE01081T004 | Industry: Real Estate & Construction |
TECOM Group has been developing strategic, sector-focused business districts across the emirate of Dubai since 1999. TECOM Group is well-positioned to continue playing an integral role in cementing Dubai’s status as a global business and talent hub.
The TECOM Group portfolio consists of 10 business districts catering to 6 vital knowledge-based economic sectors, including design, education, manufacturing, media, science, and technology. The Group provides a varied and tailor-made leasing portfolio – which includes offices, co-working spaces, warehouses and land – to over 10,000 customers and more than 105,000 professionals.
TECOM Group offers additional value-added services to deliver a competitive and attractive environment for businesses and entrepreneurs to thrive in and to facilitate engagement between the districts’ community members. Government and corporate services are made available through an integrated smart services platform, “axs”, which enhances ease of doing business and provides community members with a seamless experience.
TECOM Group also provides industry specialised facilities, including media production studios, laboratories and higher education campuses. in5, its enabling platform for entrepreneurs and start-ups, offers innovation centres supporting tech, media, and design start-ups and SMEs. Its future-focused co-working spaces D/Quarters deliver stimulating work environments for tenants, and the “GoFreelance” package serves freelance talents.
Key figures (AED'000) | 2021 | 2022 | 2023 |
---|---|---|---|
Income Statement | |||
Revenue | 1,765,629 | 1,973,368 | 2,169,197 |
Operating profit | 796,068 | 960,590 | 1,259,050 |
Profit for the year | 568,837 | 725,618 | 1,078,275 |
Balance Sheet | |||
Total assets | 16,364,126 | 14,555,333 | 14,814,265 |
Total liabilities | 10,750,864 | 8,586,949 | 8,485,258 |
Total equity | 5,613,262 | 5,968,384 | 6,329,007 |
Cash Flows | |||
Net cash generated from operating activities | 1,254,389 | 1,503,702 | 1,630,785 |
Net cash used in investing activities | 493,762 | (1,042,636) | (476,800) |
Net cash used in financing activities | (1,550,223) | (952,583) | (760,769) |
Cash and cash equivalents, end of the year | 768,183 | 276,666 | 669,882 |
Key Indicators (AED) | |||
Basic and diluted earnings per share* | 0.15 | 0.19 | 0.22 |