Emirates Integrated Telecommunications Company “du” has announced the launch of a secondary public offering of a portion of its shares owned by Al Mamoura Diversified Global Holding, a subsidiary of Mubadala Investment Company. This step represents a strategic move aimed at increasing the free float of shares and enhancing liquidity on the Dubai Financial Market, reflecting institutional shareholders’ confidence in the company’s strength and solid performance.
Offering Details
The offering includes up to 342 million existing shares, representing around 7.55% of the company’s capital. These shares will be offered through two main tranches:
- UAE retail investors, accounting for 5% of the total offered shares.
- Qualified investors, accounting for 95% of the total offered shares, targeting institutions and professional investors inside and outside the UAE.
The price range has been set between AED 9.00 and AED 9.90 per share, with the final price to be announced in mid-September 2025 following the book-building process.
No Impact on Ownership Structure
One of the key features of this offering is that it will not dilute the rights of current shareholders, as all shares are fully owned by the selling shareholder. The company itself will not receive any direct proceeds from the sale. Al Mamoura will also retain a significant strategic stake in the company after the offering.
Sharia Compliance
Sharia supervisory committees in several participating banks confirmed that the offering complies with Islamic principles, enhancing its appeal to a wider investor base.
Subscription for Individuals and Institutions
- The retail subscription will open on 8 September 2025 and close on 12 September 2025, with a minimum subscription of 5,000 shares.
- For qualified investors, the subscription and allocation process will take place through participating banks and brokers, with shares scheduled to be listed and traded on the Dubai Financial Market on 16 September 2025.
About “du”
“du” is one of the UAE’s leading telecommunications and digital services providers, offering a wide portfolio of mobile and fixed services, as well as internet and digital infrastructure solutions. Leveraging cutting-edge technologies such as 5G networks, cloud computing, AI-driven analytics, and cybersecurity, the company positions itself as a trusted digital partner helping to build a more connected and innovative future.
