Dubai’s DEWA floats 6.5 percent stake in IPO, totalling 3.25bn shares, marking a “turning point” in Dubai’s capital market – ArabianBusiness
- Date: 15-Mar-2022
- Source: Arabian Business
- Sector:Financial Markets
- Country:UAE
Dubai’s DEWA floats 6.5 percent stake in IPO, totalling 3.25bn shares, marking a “turning point” in Dubai’s capital market – 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).
All shares to be offered represent sale of existing shares held by the Government of Dubai.
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.
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