$592 million dividend payout - Here's how this Dubai firm is attracting investors in UAE's first IPO after Iran war

What happened: Dubai Investments' subsidiary DIP Holding PLC is offering $592 million in dividend payouts over three years to attract investors to the UAE's first IPO this year. Dubai Investments plans to sell a 20% stake. Key numbers: $592 million in dividends over three years; 20% stake offered; 1.74 billion shares across four tranches; subscription 27 October to 3 November; trading expected 11 Why it matters: The IPO comes as regional war has deepened a market slowdown, with Gulf listing volumes declining sharply this year and stock markets across the region falling except in Oman.

Dubai Investments' subsidiary DIP Holding PLC is offering $592 million in dividend payouts over three years to attract investors to the UAE's first IPO this year. Dubai Investments plans to sell a 20% stake.

The IPO comes as regional war has deepened a market slowdown, with Gulf listing volumes declining sharply this year and stock markets across the region falling except in Oman.