London, UK – : ICM.com, a leading online trading and financial service provider, today announced
the opening of subscriptions for shares in Tecom groups’ IPO, via their ICM Securities platform.
TECOM Group are the owners of 10 business districts across Dubai including Dubai Internet City and Dubai media city. The business clusters are home to offices, Co-working spaces, and warehouses which are leased to over 6000 companies from startups to international corporations. The clusters also provide industry-specific facilities including laboratories, media production studios, and higher education campuses.The company is currently up for IPO with subscriptions opening today and closing on the 23 rd June. Tecom plans to sell 12.5 percent of the company as 625 million shares with the price range announced on the 16 th of June.
Subscribing to Tecom’s IPO does not mean you have to purchase shares once the price is released. As an online trading platform, ICM offers a smooth process with no minimum requirement and no investor number needed.
Tecom group was founded in 2005 and is a subsidiary of Dubai Holdings which is owned by the government of Dubai. The buildings offer a diverse range of high-quality facilities and are largely positioned in prime areas of Dubai. Tecom group’s financial profile is attractive with the company announcing Dh485 million in revenue in the first quarter of this year. The company is offering a generous dividend policy with plans to pay out over Dh 800 million.
Tecom group will be offered on the Dubai Financial Market exchange on the 5 th July. ICM.com are taking
subscriptions via their securities platform. ICM Securities is a secure, online investment stocks platform that offers access to all the major global stock exchanges as well as a variety of smaller MENA region exchanges such as the Saudi exchange and Dubai Nasdaq.
‘ICM has always had a strong presence in the MENA region and we’re thrilled to be offering this opportunity to both new clients and our existing investors. The UAE is a thriving economy and currently at the forefront of the IPO market.’ Shoaib Abedi, Founder, and CEO of ICM.com
For further information please visit www.ICM.com
ICM.com is a UK-based global multi-regulated financial service provider, offering access to a diverse range of trading products, including currencies, stocks, commodities, and cryptos for retail and institutional clients, asset managers, fund managers, hedge fund managers, and introducing brokers.
The ICM.com brand was incorporated in 2009 in the United Kingdom and has expanded rapidly worldwide to cater to professional and institutional clients globally. ICM.com currently holds local offices in the Unite Kingdom, Europe, Asia, Latin America, and the Middle East, as well as other regions.
The ICM.com brand is authorized and regulated in various jurisdictions around the world: Financial Conduct Authority in the UK (FCA), Financial Services Commission in Mauritius (FSC Mauritius), Financial Services Authority of Saint Vincent and the Grenadines (FSA), Association Romande des Intermediaries Financiers (ARIF) in Switzerland, Labuan Financial Services Authority (Labuan FSA), Qatar Financial Centre Authority (QFC) and Stockholm County Administrative Board (CABS).
For more information, please contact:
Ms. Emma Retter
Marketing Executive
emma.retter@icm.com
Also Read: Metaverse in UAE – What People Do
