TECOM Group Company Information and News Updates

TECOM Group is a leading business sector that operates in Dubai, offering a range of services including property development, IT and digital services, and education.

TECOM Group was established in 2000 by the Dubai Government, and it has since grown to become a major player in the region's business and technology sectors.

The company has a strong focus on innovation and has developed several key projects, including the Dubai Internet City and the Dubai Media City.

TECOM Group's financial information paints a picture of a company with significant market presence and growth potential. TECOM Group's capitalization has fluctuated between 3.36B and 42.21B.

The company's P/E ratio has been estimated at 11.4x for 2025 and 10.6x for 2026, indicating a relatively stable valuation. Enterprise value has ranged from 4.45B to 52.6B.

Here's a breakdown of TECOM Group's financial metrics:

The company's free-float is approximately 13.5%, and its yield is expected to be 5.05% in 2025 and 6.18% in 2026.

Tecom Group's financial performance in 2022 was impressive, with a net profit of AED 725.6 million.

Their valuation metrics are also worth noting. The company's capitalization has fluctuated between 16.5B and 3.36B AED over the years.

The P/E ratio for 2025 is estimated to be around 11.4x, while the P/E ratio for 2026 is estimated to be 10.6x.

Tecom Group's enterprise value has also varied, ranging from 20.56B to 394B AED.

Here's a breakdown of their valuation metrics:

Their free-float percentage is around 13.5%, indicating that a significant portion of the company's shares are available for trading.

Tecom Group has been consistently recommended by analysts, with multiple firms raising their price target (PT) while maintaining a Buy rating.

United Securities, FAB Securities, Arqaam Capital, and Goldman Sachs have all upgraded their PT on Tecom Group, indicating a positive outlook on the company's performance.

Here's a breakdown of the analyst recommendations:

These analyst recommendations suggest that Tecom Group is a stock worth considering for investment, with multiple firms seeing potential for growth.

The TECOM Group has a diverse Board of Directors, consisting of six members, including Malek Al-Malek, who has been the Chairman since July 4, 2022.

Their ages range from 38 to 43, with Ahmed Mohammed Aqil Qassim Al-Qassim being the oldest member at 43 years old.

The Board of Directors also includes Fatma Hussain Ali, Aisha Abdulla Miran, and Arif Abdul Rahman Ahli, among others.

Shareholders play a crucial role in a company's governance.

The TECOM Group has a diverse group of shareholders, with Dham LLC holding the largest stake at 86.5%.

Dham LLC's valuation is approximately 3.803 billion AED.

East Capital Financial Services AB holds a much smaller stake at 0.2057%.

Their valuation is around 9 million AED.

Azimut (DIFC) Ltd. and ADCB Asset Management Ltd. also hold shares, but at a much lower percentage of 0.044% and 0.0222% respectively.

These smaller shareholders have a combined valuation of around 4 million AED and 977,657 AED.

Here's a breakdown of the shareholders and their respective valuations:

The Managers and Directors of TECOM Group play a crucial role in the company's decision-making process. They are responsible for overseeing the company's operations and making strategic decisions.

Malek Al-Malek serves as the Chairman of the Board, a position he has held since July 4, 2022. Fatma Hussain Ali and Ahmed Mohammed Aqil Qassim Al-Qassim are also Board Members, with Fatma serving since July 4, 2022, and Ahmed since the same date, at the age of 43.

Abdullah Bel Houl is the Chief Executive Officer (CEO) of TECOM Group, a position he has held since July 4, 2022. Christoph Berentzen serves as the Director of Finance, but his start date is unknown.

Abdulla Bahroozyan has been the Chief Tech/Sci/R&D Officer since December 31, 2012. Ghaith Zghaibi is the Investor Relations Contact, but his start date is also unknown.

Here is a list of the TECOM Group's top Managers and Directors:

TECOM Group's geographic presence is a key aspect of its business. The company has a significant presence in the United Arab Emirates (UAE), with sales figures remaining steady at 1.77 billion in 2020 and 2021.

The UAE is the main market for TECOM Group, with sales figures increasing to 1.97 billion in 2022 and 2.17 billion in 2023. By 2024, the company is expected to reach 2.4 billion in sales.

The company's spending is also focused on developing the UAE, particularly in Dubai. Phase 2 of the d3 development is a notable project that will add over 500,000 square feet of gross leasable area to the city's design, fashion, and creative sectors.

This project is expected to be completed by the first half of 2028 and will provide substantial long-term growth to the design sector, attracting global talent and solidifying Dubai's position as a premier global centre for culture and creativity.

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TECOM Group has made significant investments in its industrial land portfolio in Dubai, with a total of AED1.6 billion allocated for the acquisition of 138 land plots.

In August 2022, the company announced its intention to expand its industrial land portfolio in Dubai, with a focus on providing more space for businesses to grow and develop.

A notable development was the appointment of Christoph Berentzen as the new Chief Financial Officer (CFO) of TECOM Group in August 2022.

TECOM Group has also received positive updates from securities firms, with United Securities and FAB Securities both raising their price targets for the company and maintaining a "Buy" rating.

The company's financial performance has been impressive, with a beat in Q2 profit, which led to a revision of its rating and price target by FAB Securities.

Here's a list of some of the key announcements made by TECOM Group in recent times: