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Dubai United Arab Emirates
DIP Holding, a subsidiary of Dubai Investments, has opened subscriptions for its initial public offering on the Dubai Financial Market , setting the price range at Dh1.10 to Dh1.15 per share and valuing the company at between Dh9.5 billion and Dh10 billion.
The offering will see Dubai Investments sell approximately 1.74 billion existing shares, representing 20 per cent of DIP Holding's issued share capital. The IPO is expected to raise between Dh1.9 billion and Dh2 billion, depending on the final offer price.
Subscriptions will remain open until November 3 for individual investors, professional investors, eligible Dubai Investments employees and qualifying shareholders of the parent company.
The final offer price is expected to be announced on November 4, with shares scheduled to begin trading on the DFM on or around November 11, subject to regulatory approvals and market conditions.
Dividend yield of up to 7.6%
DIP Holding is targeting annualised cash dividends of Dh700 million for 2026, Dh725 million for 2027 and Dh750 million for 2028
Based on the proposed 2027 dividend, the offer price range implies an indicative dividend yield of approximately 7.27 per cent at the upper end and 7.60 per cent at the lower end.
The company plans to distribute dividends twice a year, subject to board recommendations, shareholder approval and other applicable conditions
Its first post-listing dividend payment of Dh350 million, covering the second half of 2026, is expected in April 2027
DIP Holding said eligible shareholders would receive the dividend relating to the full second half of 2026, rather than only the period following the listing.
The company expects to pay Dh362.5 million in October 2027 and a further Dh362.5 million in April 2028 for the two halves of the 2027 financial year.
For 2028, it plans two equal dividend payments of Dh375 million in October 2028 and April 2029. From 2029 onwards, the company expects to maintain annualised dividends at or above the 2028 level.
For more Information contact: www.dxrprop.ae
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