The global financial market expects a major event: the large-scale company "Tikom" announced its decision to pay dividends in the amount of 400 million dirhams. This means that each shareholder will receive 8 fils per share for the second half of 2024. The total dividends of the company for the financial year 2024 will amount to 800 million dirhams, which equals 16 fils per share. This decision corresponds to the company's established policy of paying dividends until the end of the first half of 2025.
At the annual general meeting, in addition to that, the members of the board of directors of the "Tikom" company were re-elected, and the financial reports for 2024 were approved. The head of the board of directors of the company, Malek Al Malek, emphasized that the strong indicators of "Tikom" in 2024 allowed the company to realize strategic investments totaling 2.7 billion dirhams for the continuation of sustainable growth. He also noted that the company aims to expand its business and strengthen its influence on Dubai's economy, ensuring maximum returns for shareholders.
The return of "Tikom" last year grew by 11% compared to the previous year, reaching 2.4 billion dirhams. The company also noted high engagement and retention rates of clients at 94% and 92% respectively. The net profit in 2024 grew by 14% compared to the previous period and amounted to 1.2 billion dirhams.
