DIP Holding seeks to raise up to $543 million in first UAE IPO of the year

DUBAI, Oct 27 (Reuters) - DIP Holding, the owner of the Dubai Investments Park real estate business, is seeking to raise as much as $543 million from an initial public offering on the local stock exchange, in the first potential listing of the year in the United Arab Emirates.

• The Gulf IPO market has slowed significantly this year due to the US-Israeli war on Iran

• Equity issuances in the Middle East and Africa were down 79% in the first nine months of 2026 from a year earlier, LSEG data showed

• Shareholder Dubai Investments DINV.DU is offering a total of 1.73 billion shares in DIP Holding to investors, equal to a 20% stake

• The price range was set at between 1.10 and 1.15 dirhams a share ($0.29 to $0.31), DIP Holding said in a statement

• That implied a total offer size ranging from $520 million to $543 million and a market capitalisation at listing of between $2.6 billion and $2.7 billion

• The final offer price will be determined through a book-building process and is expected to be announced on November 4.

• Dubai Investments Park is a 23-million-square-metre development including industrial, commercial and residential spaces

($1 = 3.6728 UAE dirham)