Tecom’s shareholders approve $54m interim dividend for 2022 – The National

Tecom’s shareholders approve $54m interim dividend for 2022 – The National

Tecom Group, the operator of business districts that are home to more than 7,800 companies, has announced an interim cash dividend after the company reported a strong profit in the first nine months of the year.

The company’s shareholders approved an interim dividend payment of Dh200 million ($54.45m), amounting to 4 fils per share, at its first annual general assembly, the company said on Tuesday.

Tecom Group, which listed its shares on the Dubai Financial Market in July, plans to distribute Dh800m in dividend payments to shareholders annually through to October 2025.