Emirates Integrated Telecommunications Company (du), the UAE’s second telecom operator, announced on Monday the sale of over 342.084 million shares, accounting for 7.5467% of its total issued shares.
The shares are being sold by Mamoura Diversified Global Holding (formerly Mubadala Development Company PJSC), which holds a 10.0622% stake in the company.
Du offers services in mobile, fixed-line, broadband, entertainment, and fintech. Through a digital-first strategy enhanced by fiber and 5G technology, du also provides cloud computing, AI analytics, cutting-edge cybersecurity, and IoT solutions.
Stay informed with the latest updates. Follow KT on WhatsApp Channels.
For investors and UAE residents interested in investing in du, here’s what you need to know about subscribing to the share sale.
-
How many shares are available for sale?
Up to 342,084,084 shares are open to the public.
-
Can individual investors subscribe to the share sale?
Yes, individual investors can subscribe under the first tranche.
-
How long do investors have to subscribe?
The subscription period for the retail offer (first tranche) begins at 9 am on September 8, 2025, and closes on September 12, 2025.
-
What is the price range for the offering?
The shares are priced between Dh9.0 and Dh9.9 each.
-
When will the final prices be announced?
The final price will be announced on September 15.
-
What is the minimum application size?
The minimum application size for the UAE retail offer is Dh5,000, with additional applications in increments of Dh1,000.
-
Is there a minimum allocation?
Each UAE retail offer subscriber is guaranteed a minimum allocation of up to 500 shares, provided this does not exceed the total shares available, and may be lower than 500 shares.
-
When can investors trade their shares on DFM?
Investors can trade shares on Tuesday, September 16, 2025, with settlement for qualified investors on Thursday, September 18.
-
How can investors subscribe to the share sale?
Investors can subscribe through Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Al Maryah Community Bank, Dubai Islamic Bank, Emirates Islamic Bank, First Abu Dhabi Bank, and Wio Bank.
-
How can investors subscribe to the secondary public offering?
Visit ipos.dfm.ae once the subscription period starts. You can subscribe using the DFM App, DFM iVestor App, or the DFM website. Required items include an active DFM Investor Number (NIN), an activated DFM iVestor Card with funds, or bank account funds via the UAE Central Bank payment gateway on dfm.ae or the DFM app.
-
What is a DFM Investor Number (NIN)?
The NIN is an identification number issued by the Dubai CSD at DFM, required for holding and trading shares on DFM.
-
How to apply for a DFM Investor Number (NIN)?
Apply through the DFM App for individuals, eServices at dfm.ae for companies, Dubai CSD Desk at DFM Trading Floor, or licensed brokerage firms.
-
What is the DFM iVestor Card?
The DFM iVestor Card is a prepaid card for receiving electronic cash dividends and subscribing to IPOs and offerings via the DFM Subscription Platform.
