TECOM Group PJSC (DFM: TECOM) announced a strong financial performance for the nine months ending September 30, 2024, driven by a pro-business environment and high demand. The Group recorded a 10% year-on-year revenue growth to over AED 1.7 billion and a 23% rise in net profit to AED 943 million. The third quarter alone saw a 12% increase in revenue year-on-year to AED 611 million, while quarterly net profit surged 20% to AED 340 million. TECOM's record performance reflects its strategic approach to leveraging Dubai’s business-friendly framework to deliver consistent growth.

According to Abdulla Belhoul, CEO of TECOM Group, growth has been fueled by high occupancy rates across TECOM’s premium commercial, industrial, and land lease assets. The Group’s diversified portfolio has continued to attract leading companies across six core sectors, enhancing its position as a preferred business hub. Effective financial strategies and proactive cost management have further strengthened TECOM’s profitability and shareholder value.