TECOM Group PJSC (“TECOM Group” or “Group”) has been developing strategic, sector-focused business districts across the emirate of Dubai since 1999. As part of Dubai Holding, TECOM Group is committed to enabling Dubai’s economic diversification and development, attracting leading corporations, entrepreneurs, and specialised talent.

The TECOM Group portfolio consists of ten business districts strategically located across Dubai catering to six vital knowledge-based economic sectors including technology, media, education, science, design and  , manufacturing. The Group provides a varied and tailor-made portfolio which includes offices, co-working spaces, warehouses, as well as land lease, to over 7,800 customers. It also provides industry specialised facilities including media production facilities, laboratories, higher education campuses. In total TECOM Group’s land properties cover a total of 164.8 million square feet, consisting of 124.4 million square feet of land leases and 40.4 million square feet of land bank.

TECOM Group offers additional value-added services to deliver a competitive and attractive environment for businesses and entrepreneurs to thrive in and to facilitate engagement between the districts’ community members. Government and corporate services are made available through an integrated smart services platform, “axs”, enhancing ease of doing business and providing community members with a seamless experience. in5, its enabling platform for entrepreneurs and start-ups, offers innovation centres supporting tech, media, and design start-ups and SMEs. Its future-focused co-working spaces D/Quarters provide tenants with stimulating work environments and the “GoFreelance” package also serves approximately 2,400 freelance talents.

We consider our tenants and customers to be our business partners, dedicated to the common aim of realising Dubai's economic aspiration to establish the Dubai Emirate as a global hub for business and commerce. Our business partners include global and regional companies, SMEs, start-ups, entrepreneurs and freelancers. 

For more than two decades, TECOM Group has leveraged distinctive know-how in developing exclusive projects for strategic tenants according to their specifications. Since 2016, we have delivered such projects for SAP, Samsung, Huawei, MasterCard and the University of Wollongong, University of Birmingham, Firmenich and Himalaya, which remain long-term tenants within their communities to this day. These developments are already fully contracted, provide highly visible income streams, and reinforce the Group’s financial profile.

Subscriptions open on 16 June 2022 and will close on 23 June 2022 for UAE retail investors of the First and Third Tranche. The subscription period for professional investors in the Second Tranche starts on 16 June 2022 and will close on 24 June 2022.

To apply for a DFM Investor Number (NIN), please use one of the following options:

• DFM App : For Individual investors only (excluding minors below the age of 21)
• eServices at www.dfm.ae: For all types of investors
• Dubai CSD Desk at DFM Trading Floor: For all types of investors. Opening times: Mon-Thu (8:30 am – 3:00 PM) & Fri (8:30am-12:30pm)
• Licensed Brokerage Firms at DFM: For all types of investors

For further information and guidance, please visit the DFM website https://www.dfm.ae/ and read through the DFM FAQs – https://www.dfm.ae/other/faqs

The Internal Shari’ah Supervision Committees of Emirates NBD Bank PJSC and First Abu Dhabi Bank PJSC have issued (or are expected to issue) pronouncements confirming that, in their view, the Offering is compliant with Shariah principles. Investors may not rely on these pronouncements and should undertake their own due diligence to ensure that the Offering is Shari’ah compliant for their own purposes.

The Global Offering is being conducted, among other reasons, to allow the Selling Shareholder DHAM, to sell part of its shareholding in TECOM Group, while providing increased trading liquidity in the Shares, raising TECOM Group’s profile within the international investment community.

Within five (5) working days of the Closing Date of the Second Tranche, the Offer Shares shall be allocated to Subscribers and, within five (5) working days of such allocation, the surplus subscription amounts and any accrued profit resulting thereon, shall be refunded to Subscribers in the First Tranche in the First Tranche and the Third Tranche who were not allocated Offer Shares, and the subscription amounts and any accrued profit resulting thereon shall be refunded to the Subscribers in the First Tranche and the Third Tranche whose applications have been rejected for any of the above reasons.

The surplus amounts and any accrued profit thereon will be returned to the same Subscriber’s account through which the payment of the original application amount was made. In the case of subscription amounts which have been paid by certified bank cheque, these amounts shall be returned by sending a cheque with the value of such amounts to the Subscriber at the address mentioned in such Subscriber’s subscription application.

The difference between the subscription amount accepted by TECOM Group and the Selling Shareholder for a Subscriber, if any, and the application amount paid by that Subscriber will be refunded to such Subscriber pursuant to the terms of this Prospectus.