News and Trends

Dubai Electricity And Water Authority's US$6.1 Billion Initial Public Offering Becomes The Largest Ever Listing In The Middle East Since 2019

DEWA listed nine billion shares, representing 18% of its share capital, at a price of AED 2.48 per share, thereby implying a market capitalization of AED124 billion, and thus making it the largest company on the DFM as well.