Dubai: How to buy DEWA shares, minimum investment required; all you need to know
Dubai Electricity and Water Authority (DEWA) on Tuesday announced its intention to proceed with an initial public offering (IPO) and to list 6.5 per cent of its ordinary shares for trading on the Dubai Financial Market (DFM). This is in line with new strategic directions to develop the emirate's financial market and as part of the Dubai Markets Supervisory Committee's strategy.
What’s the big idea?
DEWA is the first Dubai government entity to issue an IPO on the DFM. It is learnt that the listing will be carried out gradually due to its massive asset portfolio. Though DEWA is offering 3.25 billion shares, it’s unclear how much money it aims to raise.
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