Dubai Investments Says DIP Holding PLC Intends To List On DFM
Oct 19 (Reuters) - Dubai Investments PJSC DINV.DU:
DUBAI INVESTMENTS PJSC: DIP HOLDING PLC INTENTION TO LIST ON DFM
DUBAI INVESTMENTS: ASSUMING COMPLETION AT CURRENT OFFERING SIZE, DUBAI INVESTMENTS WILL RETAIN AN 80% SHAREHOLDING IN DIP HOLDING
DUBAI INVESTMENTS- PROPOSED OFFERING COMPRISES SALE BY DUBAI INVESTMENTS OF EXISTING ORDINARY SHARES REPRESENTING 20% OF DIP HOLDING'S ISSUED SHARE
DUBAI INVESTMENTS- SUBSCRIPTION PERIOD IS EXPECTED TO RUN FROM 27TH OCTOBER TO 3RD NOVEMBER 2026
DUBAI INVESTMENTS: OFFERING ACROSS FOUR TRANCHES
DUBAI INVESTMENTS- EXPECTED LISTING OF DIP HOLDING'S SHARES ON DFM ANTICIPATED ON OR AROUND 11TH NOVEMBER 2026
DUBAI INVESTMENTS-DIP EXPECTS TO PAY ANNUALISED DIVIDENDS OF AED 700 MILLION, AED 725 MILLION AND AED 750 MILLION FOR 2026, 2027 AND 2028 RESPECTIVELY
DUBAI INVESTMENTS:DEDICATED FOURTH TRANCHE, REPRESENTING FURTHER 2% OF OFFERING, IS RESERVED FOR ELIGIBLE INDIVIDUAL SHAREHOLDERS OF DUBAI INVESTMENTS
DUBAI INVESTMENTS-DIP'S FIRST POST-IPO DIVIDEND EXPECTED TO BE AED 350 MILLION, PAYABLE IN APRIL 2027 IN RESPECT OF H2 2026
DUBAI INVESTMENTS-IPO PROCEEDS WILL LARGELY BE UTILIZED TOWARDS EXPANSION OF DUBAI INVESTMENTS' BUSINESSES, GENERAL CORPORATE PURPOSES
Further company coverage: DINV.DU