Dubai Financial Market-listed Dubai Investments is preparing to sell a 20% stake in DIP Holding through an initial public offering (IPO), with subscriptions scheduled to open on October 27, 2026.
The IPO will comprise approximately 1.74 billion existing shares currently held by Dubai Investments.
Following the offering, Dubai Investments is expected to retain an 80% ownership stake in DIP Holding, assuming the offering size remains unchanged and all offered shares are allocated.
The subscription period will run from October 27 to November 3, 2026, with trading on the Dubai Financial Market expected to begin on November 11.
The indicative offer price range is scheduled to be announced on October 27, while the final offer price is expected to be determined on November 4 through a bookbuilding process.
For individual investors participating in the public subscription tranche, the minimum application amount has been set at AED 5,000, with additional subscriptions permitted in multiples of AED 1,000.
The IPO will be divided into four subscription categories.
The public subscription tranche will represent 5% of the offering, equivalent to approximately 86.76 million shares. Eligible applicants in this category will have a minimum allocation of 2,000 shares, subject to subscription demand and availability.
The second tranche, primarily intended for qualifying investors, will account for 92% of the offering, or approximately 1.60 billion shares, with a minimum subscription amount of AED 1 million.
Eligible Dubai Investments group employees will have access to a separate tranche representing 1% of the offering, with a minimum application of AED 1,000.
A further 2% of the offering will be reserved for eligible Dubai Investments shareholders, with a minimum application amount of AED 5,000.
DIP Holding owns Dubai Investments Park Development Company, which operates Dubai Investments Park, a major mixed-use development comprising industrial, logistics, commercial and residential properties.
Located near Al Maktoum International Airport and Jebel Ali Port, Dubai Investments Park spans approximately 1,270 plots and accommodates around 1,000 tenants, 5,700 subtenants and more than 150,000 residents.
According to the offering documents, average occupancy across ground leases stood at approximately 98% between 2020 and 2025.
The company’s operations generate recurring income through ground rents and services provided across the development.
As the IPO involves the sale of existing shares by Dubai Investments, the proceeds will relate to the selling shareholder rather than new capital raised directly by DIP Holding.
Investors seeking to participate in the offering must hold a Dubai Financial Market investor number (NIN).
Emirates NBD has been appointed as the lead receiving bank, with several other UAE banks participating in the subscription process.
Allocations for the public, employee and eligible shareholder categories are scheduled for November 10, with refunds of surplus subscription funds expected to begin on the same date.
The shares have a nominal value of AED 0.20 each, although the IPO subscription price has not yet been announced.
The offering size and allocation between subscription categories remain subject to potential adjustments and applicable regulatory approvals.
The planned listing would introduce DIP Holding as a separately traded company on the Dubai Financial Market while allowing Dubai Investments to retain majority ownership of the business.
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
