Press releases, Reports & Disclosures for TECOM GROUP P.J.S.C.

On 11 December 2023, TECOM Group PJSC held a Board of Directors meeting. During the meeting, the board approved the business plan and budget for the years 2024-2028. They also discussed and approved regular matters and other businesses. The meeting was held at 3:00 pm and was chaired by Malek Al Malek. The results of the meeting were disclosed to the Dubai Financial Market and the Securities and Commodities Authority.

On 07 December 2023, Malek Al Malek, the Chairman of the Board of Directors at TECOM Group PJSC, informed the Dubai Financial Market about a board meeting scheduled for 11 December 2023 at 3:00pm. The meeting's agenda includes discussing and approving the business plan and budget for 2024-2028, along with other regular matters and business.

TECOM Group has reported a 20% year-on-year (YoY) increase in net profit for the first nine months of 2023, reaching AED 768 million ($209 million). Revenues rose by 7% YoY to AED 1.6 billion, driven by high occupancy levels across the company's portfolio. EBITDA increased by 14% YoY to AED 1.2 billion, with the EBITDA margin expanding to 78%. The company's Q3 2023 net profit also rose by 34% YoY to AED 283 million. TECOM Group has announced plans to develop new storage and logistics facilities in Dubai Science Park.

The document is a review report and condensed interim consolidated financial statements of TECOM Group PJSC and its subsidiaries. It covers the financial performance and activities of the company for the nine-month period ending on 30th September 2023.

On 31 October 2023, the Board of Directors of TECOM Group PJSC held a meeting where they reviewed and approved the Condensed Interim Consolidated Financial Statements for the nine-month period ending on 30 September 2023. They also discussed regular matters and other business-related topics. The information was disclosed in a letter to Mr. Hamad Ali, the CEO of Dubai Financial Market.