Dubai utility DEWA expects almost $2 bln in annual profit | Reuters
Dubai Electricity and Water Authority (DEWA) expects 2022 profit of 7.3 billion dirhams ($1.99 billion), Chief Executive Saeed Al Tayer told CNBC Arabia on Friday, after listing as a public company this month.
He added that state utility DEWA has strong cash flows and will not need to take on debt.
DEWA this month raised $6.1 billion in the region's biggest initial public offering (IPO) since Saudi Aramco.
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