Khalid Bin Kalban sets IPO timeline as board announces 25% cash dividend for 2025.
Dubai Investments will decide before May 15 whether to move forward with the IPO of its real estate arm or delay it until October, according to Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments.
“We have been in contact with the banks leading the issue, as well as major investors participating in the offering. They are all very positive,” Kalban told Gulf News on the sidelines of the company’s annual general meeting.
“Our board will have to decide, hopefully by May 11, whether we proceed or postpone the IPO for another three months.”
Dubai Investments had announced last September that it plans to sell a 25 per cent stake in Dubai Investments Park (DIP), its 23-million-square-metre mixed-use industrial, commercial, and residential hub.
Impact of geopolitical tensions
As a diversified group with operations across real estate, manufacturing, building materials, financial investments, healthcare, and education, Kalban said Dubai Investments remains relatively insulated from the effects of ongoing geopolitical tensions.
“Dubai Investments is a local company with local investors, and its income comes from residents, so it is not affected by anything else,” he said, expressing confidence in the company’s ability to navigate difficult circumstances based on its past experience.
“We are very safe, and we have a track record of 30 years.”
25 per cent cash dividend
At its annual general meeting, Dubai Investments also announced a 25 per cent cash dividend for its 15,724 shareholders for 2025, supported by strong financial performance over the past year.
The company reported a profit before tax of Dh1.7 billion, marking a 31 per cent increase from Dh1.3 billion in 2024. Net profit after tax also rose to Dh1.55 billion, up from Dh1.21 billion the previous year.
Group income climbed to Dh4.63 billion.
“During the year, Dubai Investments made progress across its core business sectors, including real estate, investments, and manufacturing, while advancing regional expansion and pursuing selective investment opportunities aligned with its long-term strategy,” said Khalid Bin Kalban.
“But the major contributor, of course, was real estate. We sold a lot of units during the year and we improved significantly on our rental income.”
Rental income rose to Dh1.19 billion, accounting for more than 25 per cent of total income.
Construction is continuing as planned across all major projects, including Danah Bay apartments on Al Marjan Island, Violet Tower in Jumeirah Village Circle, Asayel Avenue at Mirdif Hills, and Al Vista in Meydan.
Project deliveries are expected to begin in the second half of this year and continue through 2028.
