11:11 AM EST, 11/12/2026 (MT Newswires) -- FAB Securities reiterated its buy rating on Tecom Group (DFM:TECOM), with a price target of 4.60 Emirati dirhams, following the Dubai-listed business district developer's third-quarter results. Tecom posted an 11.6% annual growth in attributable net profit to 417 million dirhams, while revenue jumped 11.7% to 809 million dirhams, against the research firm's respective forecasts of 405 million dirhams and 798 million dirhams, FAB said in a first look note released Thursday. "Looking ahead, TECOM remains well positioned to capitalise on demand across Dubai's commercial, industrial and logistics real estate markets. The expansion of the Company's industrial land lease portfolio has contributed to stronger revenue growth particularly in 3Q26, while continued customer retention and high occupancy across the business districts provide visibility on recurring income," analysts wrote.

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