The Latest Breaking News from Tecom

Dubai Advances in Doubling Financial Market in Wake of DEWA, TECOM’s Successful IPOs

Dubai prepares to list more government and semi-government companies on the Dubai Financial Market (DFM). This decision is driven by the great success achieved by listing the Dubai Electricity and Water Authority (DEWA) in April, as well as the successful IPO of TECOM Group, a subsidiary of Dubai Holding, and…

Asharq Al-Awsat · Jun 30, 2022

Dubai’s TECOM Draws Orders Worth $9.6Bln for IPO

Dubai business park operator TECOM Group said on Monday it drew orders worth $9.63 billion for its initial public offering, the latest Middle East listing to attract strong investor demand amid a boom in regional share sales. It had previously announced setting the final offer price for its IPO at…

Asharq Al-Awsat · Jun 28, 2022

Dubai's TECOM Group Expected to Raise $455 Mln in IPO

Dubai business park operator TECOM Group set price guidance on Thursday for its initial public offering that showed it could raise up to 1.67 billion dirhams ($454.7 million) in the listing. TECOM Group, owned by the investment vehicle of Dubai's ruler, plans to sell 625 million shares, or 12.5% of…

Asharq Al-Awsat · Jun 17, 2022