The DEWA IPO is part of the Dubai Markets Supervisory Committee’s strategy to increase the size of the emirate’s stock market to $816.74 billion
Dubai Markets Supervisory Committee
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DEWA
5 steps to subscribe to the DEWA IPO shares
The offering will be made available to individuals and other investors as part of the UAE retail offering, as well as to professional investors outside the US, as part of the qualified investor offering.
Abu Dhabi Securities Exchange
DEWA listing set to revive, revitalise Dubai Financial Market: experts
Positive post-IPO performance could create precedent for further investments, privatisation efforts
clean energy
Dubai’s DEWA floats 6.5 percent stake in IPO, totalling 3.25bn shares, marking a “turning point” in Dubai’s capital market
DEWA intends to pay dividends twice each fiscal year – in April and October of each year – after the offering. It expects to pay a minimum dividend amount of AED 6.2 billion per annum, over the next five years, from October 2022 to April 2027.