White & Case advises DIP Holding and Dubai Investments on Dubai Financial Market IPO

Global law firm White & Case LLP has advised DIP Holding Plc and Dubai Investments PJSC on DIP Holding's initial public offering and listing on the Dubai Financial Market (DFM), marking the UAE's first IPO of 2026.

"The strong demand from local, regional and international investors reflects confidence in the business DIP Holding has built around Dubai Investments Park," said White & Case partner and co-head of the Middle East Abdulwahid Alulama. "We are pleased to have supported DIP Holding and Dubai Investments on this milestone for both companies and for the Dubai Financial Market, as the UAE's first IPO of 2026."

Dubai Investments sold 20 percent of DIP Holding's issued share capital in the IPO. The offering was significantly oversubscribed and priced at AED 1.12 per share, raising approximately AED 1.9 billion (US$529 million) for Dubai Investments and valuing DIP Holding at approximately AED 9.7 billion (US$2.6 billion) at listing.

DIP Holding operates Dubai Investments Park, a 23 million square metre mixed-use development in Dubai, through its wholly owned subsidiary.

The White & Case team was led by partners Abdulwahid Alulama, Roger Gaspard and associate Andrew Scott (all Dubai), and included associates Cassy Raby (Dubai) and Hassan Said (Cairo).

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