Dubai Financial Market (DFM) welcomed the listing of DIP Holding PLC, the owner of Dubai Investments Park, on Wednesday, 11 November 2026. The debut represents the first initial public offering in the United Arab Emirates in 2026.
According to Emirates News Agency (WAM), the offering raised approximately AED 1.9 billion ($529 million) through the sale of 1,735,243,300 existing ordinary shares, representing a 20 percent stake in the company. Dubai Investments PJSC, the sole selling shareholder, retains an 80 percent controlling interest following the transaction.
The shares were priced at AED 1.12 each, implying a listing market capitalisation of approximately AED 9.7 billion ($2.6 billion). The price reflects an implied dividend yield of roughly 7.5 percent based on projected annualised dividends of AED 725 million for FY2027. Shares began trading under the ticker symbol "DIP".
Under its stated dividend policy, DIP Holding projects annualised cash distributions of AED 700 million for FY2026 (excluding an AED 100 million pre-IPO dividend paid in September 2026), AED 725 million for FY2027, and AED 750 million for FY2028. Its initial post-IPO payout of AED 350 million, covering the second half of 2026, is scheduled for April 2027.
The market bell was rung by Khalid bin Kalban, Chairman of DIP Holding and Vice Chairman and CEO of Dubai Investments, alongside Omar AlMesmar, CEO of DIP Holding, in the presence of DFM Chairman Helal Al Marri and DFM CEO Hamed Ali. Al Mal Capital served as financial adviser to Dubai Investments on the offering.
Sources
- Emirates 24|7 · 2026-11-11
