UAE - Mubasher: The Dubai Electricity & Water Authority (DEWA) is forecast to launch its initial public offering (IPO) on 7 March and list its shares on the Dubai Financial Market (DFM) in April, sources told Reuters.
The sources referred that the company seeks to sell at least 5% of its shares to investors.
The company could be valued between $27 billion to $37 billion, as expected by an institutional investor after examining DEWA's investor presentation.
It is noteworthy to mention that in November 2021, Dubai announced its plans to list ten government and state-owned companies on the DFM and double the stock market size to AED 3 trillion.
