DIP Holding targets Dh1.12 IPO price and $529m proceeds
DIP Holding is targeting an initial public offering price of Dh1.12 a share, a level that would generate approximately $529 million for parent Dubai Investments through the sale of a 20 per cent stake. The proposed pricing, within the previously announced range of Dh1.10 to Dh1.15, would imply a dividend yield of about 7.5 per cent based on the company’s planned distribution for 2027. The price…
DIP Holding is planning to offer a 20% stake in itself through an initial public offering (IPO), with the prospect of generating around Dh529 million ($529m) for its parent company, Dubai Investments. The proposed IPO price stands at Dh1.12 per share, which is within the previously stated range of Dh1.10 to Dh1.15. This level would result in a dividend yield of approximately 7.5% based on the company's anticipated distribution for 2027.
The IPO would involve the sale of 1,735,243,300 existing ordinary shares owned by Dubai Investments Park, a subsidiary of Dubai Investments. Upon completion, the parent company would retain an 80% stake in DIP Holding. The transaction, structured primarily for professional investors, opened on October 27 and closed on November 3, with trading in the Dubai Financial Market expected to commence around November 11, subject to regulatory approvals and market conditions.
Written by urgent.news from Arabian Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
