Multiply Group to invest Dh367 million in Dewa's initial public offering - News
The latest investment follows a series of strategic acquisitions to pursue growth across five vertical segments
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The latest investment follows a series of strategic acquisitions to pursue growth across five vertical segments
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.
Multiply Group benefits from a strong leverage-free liquidity position, having raised Dh3.1 billion in a pre-listing private placement that was 16 times oversubscrib...
Other investors include Abu Dhabi's Alpha Dhabi and Emirates Investment Authority
Dubai Electricity and Water Authority (DEWA) is looking to raise as much as 8.06bn dirhams ($2.19bn) in its initial public offering, marking the largest such