Wire Brief: UAE markets — September 2026

Late-September disclosure surge: DIB chair succession, DEWA and Empower cash returns, sukuk and T-Sukuk pricing, Aldar-scale real estate — against Hormuz oil risk and a firmer Fed cue.

2 October 2026

Capital Wire’s first public Monthly Wire Brief for calendar September 2026 covers a late-month UAE disclosure surge: Dubai Islamic Bank PJSC’s chairman succession, Dubai Electricity and Water Authority PJSC’s AED 3.1 billion H1 cash dividend calendar and $2.70 billion Noor Energy 1 refinancing, Sharjah Islamic Bank PJSC’s $500 million five-year sukuk at 5.85%, the Ministry of Finance’s second retail T-Sukuk at 5.06%, and Aldar Properties PJSC’s AED 15 billion Arada partnership. The brief also tracks Empower and Fertiglobe cash returns, October fuel prices, and Hormuz/Fed external cues heading into October.

• Dubai Islamic Bank PJSC appointed Fadel Abdul Baqi Al Ali director and elected him chairman on 30 September 2026 after Central Bank clearance, following H.E. Mohammad Alshaibani’s resignation effective 20 September.
• Dubai Electricity and Water Authority PJSC set October dates for an AED 3.1 billion H1 2026 cash dividend (28 Sep) and completed a $2.70 billion Noor Energy 1 refinancing (27 Sep).
• Sharjah Islamic Bank PJSC priced a $500 million five-year sukuk at 5.85% after 2.6x books on 27 September 2026.
• The UAE Ministry of Finance set a 5.06% profit rate for the second retail T-Sukuk with subscriptions 23–28 September 2026.
• Aldar Properties PJSC and Arada formed an AED 15 billion strategic partnership in Abu Dhabi on 30 September 2026; Aldar also reported more than AED 5 billion of Talay and Yas Riva Reserve sales on 29 September.
• The UAE Fuel Price Committee set October 2026 retail prices effective 1 October: Super 98 AED 4.40, Special 95 AED 4.28, E-Plus 91 AED 4.21, diesel AED 4.80.

Month thesis. September 2026 on UAE boards was a late-month disclosure surge: board succession at Dubai Islamic Bank PJSC, large cash returns from Dubai Electricity and Water Authority PJSC and Emirates Central Cooling Systems Corporation PJSC, a fresh wave of sukuk and retail T-Sukuk pricing, and scale real-estate deals led by Aldar Properties PJSC — all against a Hormuz-linked oil and GCC equity backdrop and a firmer Fed rate cue.

Top themes

• Banking governance reset at DIB — Chairman H.E. Mohammad Alshaibani’s resignation (effective 20 Sep, disclosed 23 Sep) was followed by the board appointing Fadel Abdul Baqi Al Ali as director and electing him chairman after Central Bank clearance (30 Sep).
• Cash returns and energy balance-sheet moves — DEWA set October dates for an AED 3.1 billion H1 2026 cash dividend and completed a $2.70 billion Noor Energy 1 refinancing; Empower approved an AED 437.5 million H1 interim dividend at AED 0.04375 per share.
• Sukuk and retail sovereign paper — Sharjah Islamic Bank PJSC priced a $500 million five-year sukuk at 5.85% after 2.6x books; the Ministry of Finance set a 5.06% profit rate for the second retail T-Sukuk with subscriptions 23–28 Sep.
• Real-estate scale on ADX — Aldar and Arada formed an AED 15 billion Abu Dhabi strategic partnership; earlier in the week Aldar said sales topped AED 5 billion from Talay and Yas Riva Reserve ahead of LIVEX.
• Regional risk and external rates — Hormuz-linked oil and GCC equity wraps dominated late September tape; Fed Governor Barr said further rate adjustments were likely as inflation was knocked off course (29 Sep).

Standout issuers and filings

• DIB chairman succession closes — From resignation disclosed 23 Sep to Fadel Al Ali’s immediate chairmanship on 30 Sep after CBUAE clearance.
• DEWA AED 3.1bn H1 cash dividend calendar — Board circular set October entitlement dates for the AED 3.1 billion H1 2026 cash dividend (28 Sep).
• DEWA $2.70bn Noor Energy 1 refinancing — Completed refinancing of the Noor Energy 1 solar project (27 Sep).
• SIB $500m five-year sukuk at 5.85% — Priced after books covered 2.6 times (27 Sep).
• MoF second retail T-Sukuk at 5.06% — Subscriptions open 23–28 September; listing-day trading followed into October on Nasdaq Dubai.
• Aldar–Arada AED 15bn partnership — Strategic partnership in Abu Dhabi disclosed on ADX (30 Sep).
• Aldar: AED 5bn+ Talay and Yas Riva sales — Sales topped AED 5 billion ahead of LIVEX (29 Sep).
• Fertiglobe $150m H1 interim dividend, up 20% — Board approved the interim distribution (30 Sep).
• Empower AED 437.5m H1 interim dividend — AED 0.04375 per share (board resolution disclosed 22 Sep).
• Empower named WETEX 2026 strategic sponsor — District-cooling issuer linked to the Dubai energy and water exhibition (28 Sep).
• Orient Insurance approves Takaful Window — Board results filed on DFM (25 Sep).
• AKIC appoints Ahmed Saeed Alkharoossi CEO — ADX board results after the Sunday meeting (27 Sep).
• UAE October 2026 fuel prices set — Effective 1 Oct: Super 98 AED 4.40, Special 95 AED 4.28, E-Plus 91 AED 4.21, diesel AED 4.80 (announced 30 Sep).

What to watch next month (October)

• Weekly Wire Brief: UAE 28 Sep–1 Oct 2026 — First public weekly brief covers the turn into October, including CBUAE’s GDP outlook reset, retail T-Sukuk listing-day trading on Nasdaq Dubai, Finance House’s treasury write-off via capital reduction, and Space42 buybacks.
• CBUAE QER GDP path for 2026–2027 — September Quarterly Economic Review published into October: 2027 GDP lifted to 10.4%, 2026 trimmed to 1.6%.
• Second retail T-Sukuk trading on Nasdaq Dubai — Listing-day trading began 1 October after September pricing and subscription.
• Finance House treasury write-off via capital reduction — Board approved starting the write-off on 1 October after a late-September meeting notice.
• Ongoing ADX buyback tape — Space42 and other ADX issuers carried buyback disclosures from late September into early October.

This is Capital Wire’s first public Monthly Wire Brief (موجز كابيتال واير الشهري) for calendar September 2026. Figures above are drawn only from Capital Wire stories already live on capital-wire.com and their official venue or agency sources.