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UAE Telecom Operator du Puts 342 Million Shares on the Market

UAE telecom operator du launches massive share sale on DFM with retail and institutional investor tranches.

  • Publish date: Monday، 08 September 2025 Reading time: 1 min read
UAE Telecom Operator du Puts 342 Million Shares on the Market

UAE’s second-biggest telecom operator, du, is putting more than 342 million shares up for grabs on the Dubai Financial Market (DFM). Each share is priced between Dh9 and Dh9.90, with the sale expected to raise between Dh3.07 billion and Dh3.38 billion.

Who’s selling?

The shares are being offered by Mamoura Diversified Global Holding, which currently owns just over 10% of du. If the full sale goes through, its stake will shrink to about 2.5%. Meanwhile, the Emirates Investment Authority remains the largest shareholder with over 50%.

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Subscription details

The subscription period opened on September 8 and closes on September 12. Here’s how it works:

  • Retail investors: 5% of the shares (around 17 million) are reserved. Minimum application is Dh5,000, with guaranteed allocation of at least 500 shares.

  • Institutional investors: 95% of the shares (about 325 million) are on offer, with a Dh5 million minimum subscription.

Strong financials

This comes right after du announced Dh921 million in profits for the first half of 2025—a 15% jump compared to last year’s Dh801 million.

How to subscribe

Investors can apply through DFM’s electronic platforms, participating banks’ branches and ATMs, or through major UAE banks like Emirates NBD, ADCB, FAB, DIB, and others.

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