Tekom halves profits rise 9%
During the first half of 2026, TECOM Group achieved recurring net profits of 805 million AED, marking a 9% increase compared to the same period last year. Revenues reached 1.54 billion AED, an 11% rise. The results demonstrated a resilient growth trajectory, with occupancy rates rising to 97% and increased demand for its commercial and industrial assets, resulting in a profit margin of 79%. The strong performances confirmed that growth is sustainable, as high-quality office spaces, industrial assets, and land designated for industrial leasing continued to drive revenue and create lasting value for shareholders. The company's Board of Directors approved a dividend payout of 440 million AED for the first half of the year.
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