Tecom Group Pjsc (United Arab Emirates)

The Company is engaged in real estate sector.
The primary objects that the Company is established for shall be in compliance with the provisions of the laws and regulations in force in the UAE and, pursuant to its Memorandum and Articles of Association set out in Annex (2), are the following: invest in, incorporate, and manage commercial, industrial, technological, media, entertainment, academic and agricultural projects, buy, sell, rent, manage and advise on commercial and residential real estate including (without limitation) performing the services of a real estate agent and providing real estate management services; establish, manage, promote, market and conduct the business of hospitality and leisure services including, without limitation, hotels, commercial offices, retail premises, shopping malls, resorts, restaurants, motels, flats, residential houses, sports and recreational clubs and catering services, catering and hospitality services, recruitment services, educational services, and the lease, maintenance, improvement administration and management services related to all the same; organize and manage exhibitions, conferences and seminars, auctions; provide managerial and other executive, supervisory and consultancy services for or in relation to any company in which the Company is interested; real estate development; buying and selling real estate; self-owned property management services; real estate consultancies; leasing property brokerage agents; facilities management services; real estate buying and selling brokerage; real estate management supervision services; and leasing and management of other people's property.
The Group has been developing strategic, sector-focused business districts across the emirate of Dubai since 1999. The Group is well-positioned to continue playing an integral role in cementing Dubai's status as a global business and talent hub.
The Group portfolio consists of 10 business districts catering to 6 vital knowledge-based economic sectors, including design, education, manufacturing, media, science, and technology. The Group provides a varied and tailor-made leasing portfolio – which includes offices, co-working spaces, warehouses and land – to over 7,800 customers and more than 100,000 professionals.
The 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”, which enhances ease of doing business and provides community members with a seamless experience.
The Group also provides industry specialised facilities, including media production studios, laboratories and higher education campuses. 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 deliver stimulating work environments for tenants, and the “GoFreelance” package serves approximately 2,400 freelance talents.
The Company is incorporated in February 14, 2006, registed under the registration no.577858.
The Company was initially established as a limited liability company on 14 February 2006. The legal status of the Company has been converted to a public joint stock company on 30 June 2022 by virtue of Company s shareholders resolution.
The Company also is listed on dubai stock exchange on July 5, 2022.
During the year ended 31 December 2021, the Ultimate Parent Company announced their intention to list certain percentage of their shares in the Company through an Initial Public Offering (“IPO”) and subsequently list the Company on the Dubai Financial Market (“DFM” or the “Exchange”). As part of the proposed IPO, the legal status of the Company will be converted from a Limited Liability Company (L.L.C.) to a Public Joint Stock Company (“PJSC”) and will be known as TECOM Group PJSC upon receipt of the appropriate approval from the Ministry of Economy