5 steps to subscribe to the DEWA’s IPO shares – ArabianBusiness

5 steps to subscribe to the DEWA’s IPO shares – ArabianBusiness

The Dubai Electricity and Water Authority PJSC (DEWA) has revealed its intention to float 6.5 percent of its issued share capital – totalling 3.25 billion shares – to be listed on the Dubai Financial Market (DFM).

The offering will be made available to individuals and other investors as part of the UAE retail offering, as well as to professional investors outside the US, including
the UAE, as part of the qualified investor offering.

The UAE retail offering subscription period is expected to run from 24 March 2022 to 2 April 2022, while the qualified investor offering subscription period is expected to run from 24 March 2022 to 5 April 2022.