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Asharq Al-Awsat
Asharq Al-Awsat
Business
Dubai - Asharq Al-Awsat

Dubai Electricity and Water Authority to List 6.5% of Shares on DFM

Dubai Emirate WAM Emirates News Agency

Dubai Electricity and Water Authority PJSC (DEWA) has announced it will list 6.5 percent of its existing shares as part of an initial public offering (IPO) on the Dubai Financial Market (DFM), in line with new strategic directions to develop the emirate's financial market and as part of the Dubai Markets Supervisory Committee's strategy, Emirates News Agency (WAM) reported Tuesday.

"Today represents a significant moment in the history of DEWA and is an important step towards achieving our vision for capital markets in Dubai,” said Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum.

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