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- ADIB approves Dh3.03 billion dividend, elects new board
- Abu Dhabi's ADQ clears way to be owner of Aramex
- Tecom Group shareholders will soon get another Dh400m as dividend
- QSE fully waives trading fees on ETFs, aims improved market liquidity
- Meeza to scale its data centre infrastructure to meet rising demand
- Nasdaq tumbles over 3% as tariffs spark slowdown fears
- Alpha Dhabi, Mubadala's Credit joint venture reaches $1 billion portfolio milestone
- Gold prices slip in Dubai as yellow metal trades below $2,900 globally
- QNB hosts Ramadan Iftar for patients at Qatar Rehabilitation Institute
- China unfazed as US launches national cryptocurrency reserve
11/03/2025 06:49 AST
The way has been cleared for Tecom group shareholders to get their share of Dh400 million - at 8 fils a share - in dividend. This is linked to the second-half of 2024.
For 2024, the Dubai company will have paid Dh800 million, which is what was paid in 2023 as well.
This is 'in line with the approved dividend policy in place until the end of the first-half of 2025', said a statement.
One of Dubai's biggest landlords in the commercial real estate space, Tecom Group had a 11% year-on-year increase in 2024 revenues to Dh2.4 billion, with occupancy and retention rates of 94% and 92%.
The full-year net profit swelled 14% to Dh1.2 billion, while funds from operations (FFO) were Dh1.6 billion 'led by improved collections and income-generating assets' performance'.
"Tecom Group's strong performance through 2024 has allowed us to implement our strategic investments," said Malek Al Malek, Chairman of the DFM-listed entity. "This includes Dh2.7 billion of investments to deliver sustainable growth."
Gulfnews
| Ticker | Price | Volume |
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11/03/2025
Abu Dhabi Islamic Bank (ADIB) shareholders approved a cash dividend of Dh3.03 billion, or 83 fils per share, at the bank's Annual General Assembly (AGM) on March 10. The payout represents 50% of ADIB
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11/03/2025
Aramex, the Dubai-based logistics company, has been acquired by Q, marking one of the bigger corporate takeovers in the UAE.
Q Logistics is part of ADQ, the Abu Dhabi investment company with
Gulfnews
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With Qatar witnessing excessive demand for data centres, Meeza is scaling its infrastructure to meet the growing needs of enterprises, government agencies, and hyperscalers.
"Our upcoming da
Gulf Times
11/03/2025
Mubadala Investment Company and Alpha Dhabi Holding PJSC on Monday announced that their joint venture, which was launched in 2023, has reached a significant milestone, building an approximate $1 bill
Khaleej Times
11/03/2025
As part of its commitment to social responsibility and community engagement, QNB hosted an Iftar for senior citizens and children at the HMC's Qatar Rehabilitation Institute to promote solidarity and
Qatar Tribune
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