DIP Holding IPO: How UAE residents can apply for shares from Dh5,000
Dubai: UAE residents looking to invest in DIP Holding’s initial public offering can apply through the public subscription category from October 27. The minimum application is Dh5,000, with subscriptions closing on November 3. Get updated faster and for FREE: Download the Gulf News app now - simply click here. Dubai Investments plans to sell a 20 per cent stake in the company, which owns the…
UAE residents can apply for shares in DIP Holding's IPO through the public subscription category starting October 27. The minimum investment is Dh5,000, with subscriptions closing on November 3. DFM expects to sell a 20% stake in the company, which operates Dubai Investments Park. Trading of the shares is set to begin on November 11.
An investor number, or NIN, is required to apply; this can be obtained through the DFM app or a broker. The application must be submitted through DFM's IPO subscription platform, mobile app, or the DFM iVESTOR application. Alternatively, participating banks offer subscription services with varying account requirements. The minimum application is Dh5,000, with no maximum limit.
The offer price will be announced on October 27 and finalized on November 4. Investment deadlines vary by payment method, with the final deadline being November 3. Allocations for the public subscription category are scheduled for November 10, with refunds of surplus money following soon after. DIP Holding shares are expected to begin trading on November 11.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- How can UAE residents apply for the Jio IPO? gulfnews.com
