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DIP Holding IPO opens on the DFM at AED 1.10 to 1.15 a share

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Warehouses, light industrial buildings and wide roads in a Dubai business park seen from above Stock Market
Warehouses, light industrial buildings and wide roads in a Dubai business park seen from above

Dubai Investments is selling 20% of the company behind Dubai Investments Park; subscriptions run until 3 November and listing is expected on or around 11 November.

The initial public offering of DIP Holding, the company behind Dubai Investments Park, opened for subscription on 27 October with a price range of AED 1.10 to AED 1.15 per share, according to the company's price range announcement. DIP Holding announced its intention to float on the Dubai Financial Market (DFM) on 19 October.

Dubai Investments PJSC is selling 1,735,243,300 existing shares with a nominal value of AED 0.20 each, or 20% of DIP Holding's 8,676,216,500 issued shares. At the range given, the offer would raise between about AED 1.9 billion and AED 2.0 billion. The offer period runs from 27 October to 3 November 2026, and listing is expected on or around 11 November.

DIP Holding expects to pay annualised dividends of AED 700 million for 2026, AED 725 million for 2027 and AED 750 million for 2028, in semi-annual instalments starting with AED 350 million in April 2027, and dividends in line with or above the 2028 level from 2029. The prospectus states that dividends are not guaranteed.

According to Dubai Islamic Bank, which lists the key dates, the final offer price is due on 4 November and allocations on 10 November. Khaleej Times reported a minimum subscription of Dh5,000 for retail investors.

Dubai Investments Park is a 23 million square metre mixed-use community in the south of Dubai with logistics, industrial, residential and commercial occupiers, and DIP Holding owns 100% of the company that operates it, Dubai Islamic Bank says. The prospectus on the DIP Holding IPO website sets out the tranches, risks and allocation rules.

Sources