How soon will DEWA IPO hit the 'over-subscribed' mark?
Bankers confirm that DEWA IPO has generated ‘unprecedented’ interest for loans
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Bankers confirm that DEWA IPO has generated ‘unprecedented’ interest for loans
RIYADH: Alpha Dhabi Holding will invest $100 million in Dubai Electricity & Water Authority’s initial public offering, Bloomberg reported, citing a person familiar with the matter. This investment by Alpha Dhabi, one of the largest UAE listed firms, represents 4.5 percent of the total DEWA shares on offer. DEWA plans to raise up to $2.2 billion in Dubai’s first-ever IPO of a
Multiply Group, a technology-enabled holding company based in Abu Dhabi, on Friday announced that it will be investing Dhs367 million into the Dubai Electricity and Water Authority’s (DEWA’s) landmark initial public offering as a cornerstone investor.
Other investors include Abu Dhabi's Alpha Dhabi and Emirates Investment Authority
Dubai's biggest IPO opens, DEWA shares to be priced between Dh2.25-Dh2.48