The shareholders of the “Tikom” group, during its annual public association meeting, approved the recommendation of the Board of Directors to distribute cash dividends worth 400 million dirhams (eight money per share) for the second half of 2024, bringing the total cash dividends for the fiscal year 2024 to 800 million dirhams (16 fils per share), in line with the policy of distributing the adopted profits until the end of the first half of 2025.
In a statement yesterday, the group stated that during the meeting, the shareholders also agreed to re -elect the members of the group’s board of directors, and approve the financial statements for the year ending December 31, 2024.
The Chairman of the Board of Directors of the “Tikom” group, Malik Al -Malik, said that “the strong performance of the (Tikom) Group during the year 2024, contributed to enabling it to implement its strategic investments, including allocating the amount of 2.7 billion dirhams of investments to continue achieving sustainable growth, and this comes in line with its keenness to expand the scope of the group’s business and enhance its active contribution to the Dubai Economic March, while ensuring the achievement of the best revenues For group shareholders. ”
The revenues of “Tikom” grew by 11% last year on an annual basis to reach 2.4 billion dirhams, in light of the record of occupancy rates and the retaining of customers by 94% and 92%, respectively.
The net profit in 2024 also recorded 14% on an annual basis to 1.2 billion dirhams.
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