The international company TECOM held its annual general meeting of shareholders in Dubai Internet City, where a decision was made to rearrange the board of directors and approve the financial reporting for 2024, as well as to distribute dividends in the amount of 400 million dirhams for the second half of 2024. "We aim to expand the group’s activities and strengthen its role in the economic development of Dubai, ensuring the best returns for shareholders," noted the chairman of the board of directors of TECOM, Malek Al Malek. The company TECOM, specialized in key sectors and managing business clusters, reported on financial results for 2024. The payout increased by 11% to 2.4 billion dirhams, with occupancy levels and client retention at 94% and 92%, respectively. Malek Al Malek also noted: "The strong results of TECOM in 2024 allowed us to implement strategic investments, allocating 2.7 billion dirhams to ensure sustainable growth. Our net profit grew by 14% compared to the previous year and amounted to 1.2 billion dirhams, while cash flow from operations reached 1.6 billion dirhams." TECOM continues to strengthen its core business, expanding its portfolio of assets and focusing on delivering high-quality solutions for clients across its ten business clusters in strategically important locations throughout Dubai.
