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Multiply Group To Invest USD 50 Million As A Cornerstone Investor In AbuDhabi-Based Borouge’s IPO, News, Abu Dhabi City Guide

Multiply Group, a technology-enabled holding company based in Abu Dhabi, has announced that it will be investing AED367 million ($100 million) into Dubai Electricity and Water Authority’s (Dewa) landmark initial public offering as a cornerstone investor.

ABU DHABI, 25th March, 2022 (WAM) -- Multiply Group, a technology-enabled holding company based in Abu Dhabi, today announced that it will be investing AED367 million into the Dubai Electricity and Water Authority's (DEWA's) landmark initial public offering as a cornerstone investor. The Group's latest investment follows a series of strategic acquisitions, creating a unique technology-enabled ecosystem to pursue growth across five vertical segments: media and communications, utilities, ventures, wellness and beauty, and digital economy. The past year saw Multiply Group acquire s...

The latest investment follows a series of strategic acquisitions to pursue growth across five vertical segments