Tecom Group announces its intention to float on the Dubai Financial Market

Tecom Group announces its intention to float on the Dubai Financial Market

TECOM Group (the “Company”), a member of the Dubai Holding group and owner, manager and operator of 10 strategic, sector-focused business districts across Dubai and a major contributor to the rapid growth of Dubai’s knowledge and innovation-based economy, today announces its intention to proceed with an initial public offering (the “IPO” or the “Global Offering”) and to list its ordinary shares for trading on the DFM.

SUMMARY OF THE GLOBAL SHARE OFFERING

Six hundred and twenty five million (625,000,000) ordinary shares (the “Shares”) will be made available in the Global Offering, representing 12.5% of TECOM Group’s issued share capital. The Global Offering comprises the Qualified Institutional Offering, the Exempt Offer, and the UAE Retail Offer

The Qualified Institutional Offering and the Exempt Offer subscription period is expected to run from 16 June 2022 to 24 June 2022

The UAE Retail Offer subscription period is expected to run from 16 June 2022 to 23 June 2022

Admission of shares to trading on the DFM is anticipated on 5 July 2022

DHAM LLC (“DHAM” or “Dubai Holding Asset Management” or “Selling Shareholder”), reserves the right to amend the size of the Global Offering at any time prior to the end of the subscription period, subject to the approval