The company has floated 625 million (625,000,000) ordinary shares, which is 12.5 per cent of its issued share capital. The Group has raised approximately Dhs1.7bn (USD 462 million) through an initial public offering (IPO). The Global Offering drew substantial demand in the regional and international market and was oversubscribed by a little over 21 times in aggregate.

Malek Al Malek, chairman of Tecom Group, rang the market opening bell at the official listing ceremony in the presence of Amit Kaushal, Group CEO of Dubai Holding, Abdulla Belhoul, CEO of Tecom Group and Hamed Ali, CEO of DFM and Nasdaq Dubai as well as several other officials.

Abdulla Belhoul, CEO of TECOM, said, “We are very proud to have successfully completed this IPO, which will open a new chapter for us as a listed company on the Dubai Financial Market. This offering has received strong demand from regionally and internationally diversified investors, which reflects the market's confidence in TECOM Group as a business-driven, financially sound and operationally resilient company. At the same time, it demonstrates investors' trust in the company's ability to execute a clear business and ESG strategy.”

Hamed Ali, CEO of DFM and Nasdaq Dubai, said, “The listing of TECOM Group, which has an outstanding record in the developing and managing specialised business zones, reinforces DFM’s investment opportunities diversification strategy for the benefit of its large investor base of local and international investors as well as to reinforce market depth, liquidity and trading activities.”