DIP Holding PLC, the owner of Dubai Investments Park, has made its debut on the Dubai Financial Market (DFM), marking the UAE’s first initial public offering of 2026.
The IPO raised about AED 1.9 billion (US$529 million) through the sale of 1,735,243,300 existing shares, equal to 20 percent of the company’s issued share capital. Dubai Investments PJSC, the sole selling shareholder, retains an 80 percent stake. Priced at AED 1.12 per share, the offering implies a market capitalisation of about AED 9.7 billion ($2.6 billion) and a dividend yield of roughly 7.5 percent, based on an expected annualised payout of AED 725 million for FY2027. It drew strong demand from local, regional and international investors.
Khalid bin Kalban, Chairman of DIP Holding and Vice Chairman and CEO of Dubai Investments, rang the market-opening bell alongside DIP Holding CEO Omar AlMesmar. Bin Kalban said the listing, Dubai Investments’ first partial exit through a public offering, reflects confidence in DIP Holding’s business model and in Dubai’s capital markets.
AlMesmar pointed to a capital-light model built on long-term leases and a committed tenant base. He said growth levers include embedded rental repricing, higher subleasing fees and the repositioning of plots to higher-value uses.
The company expects to distribute AED 700 million for FY2026, excluding a AED 100 million pre-IPO dividend paid in September, followed by AED 725 million for FY2027 and AED 750 million for FY2028. The first post-IPO payment of AED 350 million is expected in April 2027.
Helal Al Marri, Chairman of the DFM Board, said total market capitalisation on DFM has passed AED 1 trillion. Shares trade under the ticker “DIP”.
News Source: WAM
