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
Note:
* 2021 and 2022: The denominator for the purposes of calculating both basic and diluted earnings per share has been adjusted to reflect the increase of shares through capitalisation of retained earnings during 2022.