Dubai, UAE – DIP Holding has set its initial public offering price at AED 1.12 per share, raising about AED 1.9 billion in what is the UAE’s first IPO of 2026. The offer was oversubscribed several times by local, regional and international investors.
IPO at a glance
- Offer price: AED 1.12 per share (range was AED 1.10–1.15)
- Shares sold: 1,735,243,300, equal to 20% of the company
- Market value at listing: AED 9.7 billion
- Selling shareholder: Dubai Investments PJSC, which keeps an 80% stake and receives the net proceeds
- Subscription closed: 3 November
Key dates
- 10 November: Allocation SMS sent to investors and surplus funds refunded
- 11 November: Shares start trading on the Dubai Financial Market under the symbol “DIP”
Dividend policy
The company plans annual dividends of AED 700 million for 2026, AED 725 million for 2027 and AED 750 million for 2028, paid twice a year, implying a yield of about 7.5% at the offer price. The first payment of AED 350 million, covering the second half of 2026, is due in April 2027.
Both Dubai Investments and DIP Holding have agreed to a 180-day lock-up after listing. Citi, Emirates NBD Capital and HSBC acted as joint global coordinators.
Chairman Khalid Jassim Bin Kalban called the strong response a milestone for Dubai’s capital markets, while CEO Omar AlMesmar said the company will focus on sustainable growth, strong cash generation and long-term shareholder returns.
Source: Gulf News
