Dubai Investments to Offer 20% of DIP in the UAE's First IPO of 2026

Dubai Investments announced its intention to sell 1.74 billion existing shares representing 20% of DIP Holding, the owner and operator of Dubai Investments Park, on the Dubai Financial Market, according to an Intention to Float notice reported by EnterpriseAM platform. The offering marks the first initial public offering in the UAE during 2026.

The subscription period begins on October 27 and continues until November 3, with the price range to be announced on October 27 and the final price determined on November 4 through book building. Trading is expected to commence around November 11, subject to regulatory approvals.

The stake is valued at approximately AED 2.2 billion, equivalent to $590 to $600 million, based on a previous management valuation of AED 10.8 to 11 billion for the unit. Dubai Investments will retain all offering proceeds and will not be able to sell additional shares until May.

Qualified investors will be allocated 92% of the offering with a minimum of AED 1 million, while the retail tranche receives 5% with a minimum of AED 5,000, Dubai Investments employees receive 1%, and its individual shareholders receive 2%. DIP Holding expects dividend payouts of AED 700 million for 2026, AED 725 million for 2027, and AED 750 million for 2028 in semi-annual installments.

What do these terms mean?

Initial Public Offering (IPO): A process in which a company sells its shares to the public for the first time and lists them on a stock exchange to raise capital or enable its shareholders to sell.

Book Building: A process in which investors register purchase orders at specific prices and quantities to determine the final offering price based on demand.

Qualified Investor: An investor or institution that meets specific financial and regulatory criteria and is allowed to subscribe in dedicated tranches with higher limits than regular retail investors.