Published 2 years ago

Dubai's state-owned water, power utility plans public offer

Summary by Ground News

Dubai Electricity and Water Authority said it would offer 3.25 billion shares on the stock market. It did not provide an initial price for the shares. Dubai is home to 3.5 million people and has seen a surge of interest as the sheikhdom weathered the coronavirus pandemic.

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Associated Press News

Dubai's state-owned water, power utility plans public offer

DUBAI, United Arab Emirates (AP) — Dubai's state-owned utility announced Tuesday it will list a sliver of its worth on the emirate's stock exchange, hoping to ride a recent wave of initial public offerings in the Gulf Arab states while avoiding the stumbles of past IPOs.

2 years ago·United States

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abc News

Dubai's state-owned water, power utility plans public offer

The state-owned utility in Dubai has announced plans to list a sliver of its worth on the emirate’s stock exchange

2 years ago·United States

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KRDO

Dubai's state-owned water, power utility plans public offer

DUBAI, United Arab Emirates (AP) — The state-owned utility in Dubai has announced plans to list a sliver of its worth on the emirate’s stock exchange. The Dubai Electricity and Water Authority said Tuesday it would offer 3.25 billion shares on the stock market, which it put as equivalent to 6.5% of its overall worth. It did not provide an initial price for the shares. Dubai is home to 3.5 million people and has seen a surge of interest as the sh…

2 years ago·Colorado Springs, United States

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KVIA

Dubai's state-owned water, power utility plans public offer

2 years ago·Panama City, United States

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Gulf News

Dubai gets set for IPO boom with utility giant DEWA to offer 3.25b shares

DEWA will pay a 'minimum' of Dh6.2b a year as dividend - for next 5 years

2 years ago·Dubai, United Arab Emirates

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MY Northwest

Dubai's state-owned water, power utility plans public offer

DUBAI, United Arab Emirates (AP) — The state-owned utility in Dubai announced plans Tuesday to list a sliver of its worth on the emirate’s stock exchange. The announcement comes as the sheikhdom in the United Arab Emirates tries to revitalize its Dubai Financial Market exchange, which has seen several firms delist amid recent economic woes. The Dubai Electricity and Water Authority said it would offer 3.25 billion shares on the stock market, whi…

2 years ago·Tacoma, United States

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