UAE locals learning about the process and price range for subscribing to du's stock offering
Investors are buzzing with excitement following the announcement of a share sale by the UAE's second telecom operator, Emirates Integrated Telecommunications Company (du). The share sale, comprising over 342,084,084 shares, is a significant development for the telecom giant.
For those interested in participating in the share sale, here's a comprehensive guide on how to get started:
Subscribing to the Share Sale
The du share sale can be subscribed to online through the dedicated website, ipos.dfm.ae. Once the subscription period starts, investors can visit this platform to submit their application.
Alternatively, investors can use the DFM App or DFM iVestor App to subscribe to the share sale.
DFM iVestor App and Card
The DFM iVestor App is a convenient platform that allows investors to subscribe to Initial Public Offerings (IPOs), secondary public offerings, or rights issues using the online DFM Subscription Platform with the DFM iVestor Card. The DFM iVestor Card is a pre-paid card that also enables investors to receive cash dividends electronically.
DFM Investor Number (NIN)
To participate in the share sale, investors must have an active DFM Investor Number (NIN). This identification number is issued to investors by the Dubai CSD at DFM, enabling them to hold shares that are traded on DFM, including subscribing to offerings taking place on DFM.
Companies can apply for a DFM Investor Number through eServices at www.dfm.ae. Individuals can apply for a DFM Investor Number through the DFM App or by visiting the Dubai CSD Desk at DFM Trading Floor.
Subscription Details
The minimum application size for subscribers in the UAE retail offer is Dh5,000, with any additional application to be made in increments of Dh1,000. Each subscriber in the UAE retail offer will be guaranteed a minimum allocation of up to 500 shares.
Price Range and Final Announcement
The price range for the offering has been set between Dh9.0 to Dh9.9 per share. The final price will be announced on September 15.
Selling Actor and Shares Owned
The shares are sold by Mamoura Diversified Global Holding, which owns 10.0622% in the company. The share sale represents 7.5467% of the total issued shares.
Important Dates
The subscription period for the retail offer (first Tranche) of the share sale commenced at 9am on September 8, 2025, and is expected to close on September 12, 2025.
Other Subscription Channels
Investors and residents can also subscribe to the secondary public offering through various banks, including Emirates NBD, Abu Dhabi Commercial Bank, and Wio Bank.
For the most accurate and up-to-date information, investors are advised to check the latest press releases or financial reports from the involved companies. Additionally, regulatory announcements or updates from the exchange where the shares are traded can provide valuable insights. Always refer to official sources for the most precise details.
Remember, corporate transactions often occur within a complex legal and financial framework, so it's essential to rely on official sources to obtain the most accurate and current information.
For more specific details or questions about the du share sale, feel free to ask. We're here to help!
