This place also offers golden karak tea for Dh150 and if you want to buy gold-infused water, get ready to shell out Dh300
food4 hours ago
Dubai Electricity and Water Authority (Dewa), which launched its IPO on Thursday to raise as much as Dh8 billion, is set to become the largest company on the Dubai Financial Market in terms of market capitalisation, it said in a statement on Thursday.
The utility services provider on Thursday set indicative price range of Dh2.25 and Dh2.48 per share which implies a total market capitalisation of between Dh112.5 billion and Dh124 billion, making it the largest company on the Dubai Financial Market by market capitalisation, Dewa said.
Set to be the biggest IPO in Dubai in 15 years, a total of 3.25 billion shares, equivalent to 6.5 per cent of Dewa’s existing shares, will be offered for sale.
The final offer price will be determined through a book building process and it’s expected to be announced on April 6, 2022, Dewa said in a statement on Thursday.
The IPO subscription which started on Thursday will run until April 2 for retail investors and until April 5 for institutional investors. The stock is expected to be listed on the Dubai Financial Market on April 12, 2022.
ALSO READ:
“Since announcing our intention to float on the Dubai Financial Market last week, we have received strong interest from local and international investors that recognise our determination to shape a green future for Dubai,” said Saeed Mohammed Al Tayer, managing director and CEO of Dewa.
-waheedabbas@khaleejtimes.com
This place also offers golden karak tea for Dh150 and if you want to buy gold-infused water, get ready to shell out Dh300
food4 hours ago
A unified platform for drone operations will also be launched, streamlining registration and operational procedures
uae5 hours ago
The US prosecutor charges are the biggest setback for India's $143 billion Adani Group, which was last year hit by Hindenburg Research's allegations of improper use of offshore tax havens
asia6 hours ago
Launched in 2008, Chrome dominates the browser market, dwarfing rivals Edge and Safari, developed by Microsoft and Apple, respectively
tech6 hours ago
Marcos Jr. begged for understanding of his kababayans in the UAE as he would not have time to meet them
uae6 hours ago
Trump International Dubai was named Best Par 3 Course at the 11th annual World Golf Awards while Yas Acres Abu Dhabi was voted World’s Best Nine Hole Course
sports6 hours ago
This travel-related case was associated with an ongoing outbreak of clade I mpox in central and eastern Africa, said the Public Health Agency of Canada
world6 hours ago
The jury also determined that Samsung's infringement was wilful, which could lead to a judge increasing the award by up to three times
tech6 hours ago