12/11/2026 05:17 AST
DIP Holding shares jumped 5.35 per cent on their debut on the Dubai Financial Market (DFM) on Wednesday.
Data showed that 96.33 million DIP Holding shares changed hands, worth Dh113.9 million, on the first day of trading on the Dubai bourse. The stock jumped more than five per cent soon after the market opened.
The company was listed on the Dubai bourse following a successful Dh1.94-billion initial public offering (IPO), marking the UAE's first public listing of 2026.
Dubai Investments, the parent company, raised approximately Dh1.94 billion ($529 million) through the sale of a 20 per cent stake in DIP Holding. The final offer price was set at Dh1.12 per share, giving the company an implied market capitalisation of approximately Dh9.7 billion at listing.
The IPO attracted strong interest from local, regional and international investors, with the offering covered multiple times during the subscription period, which ran from October 27 to November 3. Dubai Investments will retain an 80 per cent stake in the company following the listing.
DIP Holding stock was the third-highest gainer of the day, pushing the Dubai Financial Market General Index (DFMGI) into positive territory. The DFM ended 0.82 per cent higher at 6,221.23 points.
DIP Holding owns Dubai Investments Park Development Company, which operates the 23-million-square-metre Dubai Investments Park, one of the emirate's largest integrated industrial, logistics, residential and commercial communities.
The development is home to around 1,000 tenants, approximately 5,700 sub-leases and more than 150,000 residents. Its ground-lease occupancy stood at 99.9 per cent as of June 2026.
The company plans to distribute annualised cash dividends of Dh700 million for 2026, Dh725 million for 2027 and Dh750 million for 2028. It intends to pay dividends twice a year, with the first post-IPO distribution of Dh350 million expected in April 2027.
DIP Holding reported revenue of Dh960 million and adjusted Ebitda of Dh678 million in 2025, reflecting an adjusted Ebitda margin of around 71 per cent.
Khalid Jassim Bin Kalban, chairman of DIP Holding, said the listing was also "a powerful vote of confidence in Dubai, its growth story and the continued depth and attractiveness of its capital markets".
Omar AlMesmar, CEO of DIP Holding, said: "DIP Holding enters the market from a position of strength, with a differentiated capital-light business model that delivers stable, recurring income, supported by long-term leases and a highly committed tenant base that has invested significantly in the Park over the years. The exceptional performance in the first half of 2026 demonstrates the strength and resilience of the business, and this shows significant opportunities to build on this momentum."
Khaleej Times
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