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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.
4 months ago

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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

4 months ago·United States
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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.

4 months ago·United States
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KVIA

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…

4 months ago
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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…

4 months ago
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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

4 months ago·Dubai, United Arab Emirates
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Bloomberg Quint

Dubai Electricity & Water Authority to Sell 6.5% Stake in IPO

(Bloomberg) -- State-owned Dubai Electricity & Water Authority plans to sell a 6.5% stake in an initial public offering in what could be the city’s biggest listing.Continue Reading. Read more on Business News by BloombergQuint.

4 months ago
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