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

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

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

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, which it put as equivalent to 6.5% of …

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

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, which it put as equivalent to 6.5% of …

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

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, which it put as equivalent to 6.5% of …

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

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, which it put as equivalent to 6.5% of …

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.