Dubai Offers Shares In DEWA IPO
One Of Largest Such Offerings In Middle East
29 Mar 2022 by Local Press Report
Dubai will sell a 6.5% stake in its main power and water company, kicking off an ambitious plan to list as many as 10 state firms and reinvigorate its flagging capital markets. The emirate is pushing ahead with the initial public offering of Dubai Electricity & Water Authority even as Russia’s invasion of Ukraine roils equity markets around the world.