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Asharq Al-Awsat

Business

Dubai- Asharq Al-Awsat

Dubai Advances in Doubling Financial Market in Wake of DEWA, TECOM’s Successful IPOs

Dewa Dubai Tecom IPO Mohammed bin Rashid Al Maktoum Salik Electricity

Dubai aspires to benefit from the success of the DEWA and TECOM’s IPOs by listing more companies and attracting international capital. (AFP)

Dubai prepares to list more government and semi-government companies on the Dubai Financial Market (DFM).

This decision is driven by the great success achieved by listing the Dubai Electricity and Water Authority (DEWA) in April, as well as the successful IPO of TECOM Group, a subsidiary of Dubai Holding, and the high turnout by investors to subscribe to the group's shares, in particular, and the IPO of Dubai companies and institutions, in general.

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