The operator of Dubai Investments Park sold its 20 percent stake at the middle of the range after demand several times the offer. It lists at a market value of AED 9.7 billion, with trading on the DFM from 11 November.
Dubai Investments has set the final price for the IPO of its subsidiary DIP Holding at AED 1.12 a share, in the middle of the AED 1.10 to 1.15 range. In a DFM filing on Wednesday, the company said the sale of a 20 percent stake, or 1.74 billion shares, raised AED 1.9 billion ($529 million), giving DIP Holding a market value of AED 9.7 billion at listing.
The company said the book was covered several times across the price range, with demand from local, regional and international investors, though it did not give the total size of the orders. Subscriptions ran from 27 October to 3 November. Final allocations and refunds for retail investors and for eligible Dubai Investments staff and shareholders are due on 10 November, and the shares start trading on the Dubai Financial Market on 11 November.
The expected annual dividend of AED 725 million for the 2027 financial year implies a yield of about 7.5 percent at the offer price. Dubai Investments said the pricing was a conscious decision to give new shareholders an attractive entry point.
Established in 1997 near Al Maktoum International Airport and Jebel Ali Port, Dubai Investments Park has about 1,000 tenants, 5,700 subtenants and more than 150,000 residents, with warehouses, hotels, schools, clinics and homes. UAE companies raised $1.1 billion from three IPOs in 2025, according to Dealogic, and this first listing of 2026 breaks a long lull.
المصدر: The National
