DIP Holding sets IPO price at AED 1.12/share; to raise $529mln
Zawya · Staff Writer ·
The final offer price implies a dividend yield of approximately 7.5%
DIP Holding, a subsidiary of Dubai Investments, has set the final price for its IPO at 1.12 UAE dirhams per share ($0.30), just shy of the highest offer price from a marketed range of AED 1.10 ($0.29) to AED 1.15 ($0.31) per share.
DIP Holding sets IPO price at AED 1.12/share; to raise $529mln
The final offer price implies a dividend yield of approximately 7.5%