The exclusive launch event attracted a select group of real estate connoisseurs, investors, and VIPs
kt network3 hours ago
The Dubai Electricity and Water Authority’s (Dewa) initial public offering (IPO) has been overwhelmingly subscribed, attracting Dh315 billion worth of offers.
With 9 billion shares worth Dh22.3 billion, the IPO is now the largest in the Middle East and Europe since the beginning of 2022.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, said the IPO saw the participation of international sovereign and private funds as well as 65,000 individual investors.
Taking to Twitter, he said the Dewa IPO is the second-largest listing in the region and its success is a global vote of confidence in Dubai’s economy and a positive turning point for the local financial markets.
“Our goal is that the financial market reflects the strength and diversity of the economy,” Sheikh Maktoum said.
ALSO READ:
The exclusive launch event attracted a select group of real estate connoisseurs, investors, and VIPs
kt network3 hours ago
The partnership enables insight-driven decision making, as GPSSA leverage the Bureau's advanced credit data products to evaluate the financial wellness and stability of the private sector in fulfilling their pension contribution obligations
kt network3 hours ago
The recent partnership marks a significant advancement in serving the evolving needs of the Indian market
kt network3 hours ago
The pair achieved an impressive fourth position in the Senior Open Latin Dance Championship, competing against over 200 elite couples from 23 countries
kt network3 hours ago
The centrepiece of Casa Milano’s exhibit this year was the acclaimed ‘Talking walls: Reimagining the bathroom experience’ initiative
kt network3 hours ago
Jumeirah Golf Estates hosts a revamped G4D Tour finale, featuring gross and net events for greater inclusivity
sports3 hours ago
Grant Thornton and Heriot-Watt University launch the first annual Grant Thornton Discovery Series – Women on Audit Committees in the UAE 2024
kt network4 hours ago
Over 100 exhibitors are expected to participate in the exhibition
kt network4 hours ago