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, and 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 technology, media, science, education, design, and manufacturing. With a varied and tailor-made leasing portfolio, which includes offices, co-working spaces, warehouses and land, the Group caters to over 7,800 customers and more than 100,000 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 approximately 2,400 freelance talents.

Key figures (AED'000) 2019 2020 2021
Income Statement      
Revenue 1,840,113 1,766,707 1,765,629
Operating profit 871,296 832,545 796,068
Profit for the year 633,590 579,080 568,837
Balance Sheet      
Total assets 16,245,418 16,914,813 16,364,126
Total liabilities 10,114,269 10,746,514 10,750,864
Total equity 6,131,149 6,168,299 5,613,262
Cash Flows      
Net cash generated from operating activities 923,379 973,609 1,254,389
Net cash generated from/(used in) investing activities 54,685 (889,080) 493,762
Net cash used in financing activities (605,365) (137,433) (1,550,223)
Cash and cash equivalents, end of the year 623,159 570,255 768,183
Key Indicators (AED)      
Basic and diluted earnings per share 2,112 1,930 1,896