Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
DIP Holding began trading on the Dubai Financial Market (DFM) on Wednesday, closing its first session at Dh1.18, up 5.36% from its initial public offering (IPO) price of Dh1.12.
About 99 million shares worth Dh114 million changed hands on the first day, taking the company’s market capitalisation to Dh10.24 billion at the close.
The Dh1.9 billion IPO, the UAE’s first of 2026, was subscribed multiple times.
Dubai Investments sold about 1.74 billion existing shares, representing 20% of DIP Holding’s issued share capital, and retained an 80% stake. The proceeds went to Dubai Investments as the selling shareholder.
To mark the listing, DIP Holding Chairman Khalid Jassim Bin Kalban and Chief Executive Officer Omar AlMesmar rang the opening bell at DFM in the presence of DFM Chairman Helal Al Marri and Hamed Ali, Chief Executive Officer of DFM and Nasdaq Dubai.
Bin Kalban, who is also Vice Chairman and Chief Executive Officer of Dubai Investments, said the IPO marked the group’s first partial exit through a public offering. He said demand from a broad mix of investors reflected confidence in DIP Holding’s business, which had been built over more than 25 years.
DIP Holding owns the company that operates Dubai Investments Park, a 23 million square metre development that provides long-term ground leases and infrastructure services for industrial, logistics, residential and commercial activities.
Omar AlMesmar said long-term leases provided recurring income. He identified rent adjustments under existing leases, higher subleasing fees and the conversion of plots to higher-value uses as sources of earnings growth that would require little additional capital investment.
Helal Al Marri said the debut signalled renewed confidence among issuers and investors in Dubai’s capital markets, where the total market capitalisation of companies listed on DFM had exceeded Dh1 trillion.
“The listing of DIP Holding reflects the strength of demand in Dubai markets, with the offering attracting strong interest from local, regional and international investors,” Hamed Ali said.
