Tecom shareholders approve $240m dividend for 2026

Tecom Group shareholders have ratified the company’s updated 2026 dividend policy, which proposes an aggregate cash dividend of AED880 million ($240 million).

It will be paid in two equal installments in August 2026 and March 2027.

At the company’s annual general meeting, shareholders also approved the Tecom board’s proposal to pay a cash dividend of AED440 million ($120 million) for the second half of 2025, a 10 percent increase compared to the first half.

The total dividend for 2025 will reach AED840 million, the company said in a statement to the Dubai Financial Market (DFM) on Wednesday.

Last month, Tecom said its 2025 revenues increased to AED2.9 billion, up from AED2.4 billion a year ago.

Net profit rose to AED2.1 billion in 2025 from AED1.2 billion the year before after recording a non-cash impairment reversal of AED608 million.

• Tecom buys university campus in Dubai for $34m
• Tecom earnings up on higher occupancy and rental rates
• Tecom builds up industrial portfolio as demand grows

Tecom operates 10 business districts in the emirate, including Dubai Media City and Dubai Internet City.

Dubai Holding Asset Management, owned by the ruler of Dubai, holds 86.5 percent of the company, while the remaining 13.5 percent is listed on the DFM.

Tecom shares closed 2 percent higher at AED3.56 on Tuesday and are up 4 percent so far this year.