Sources told Archyde.com that the Dubai Electricity and Water Authority (DEWA) will organize an initial public offering of its shares next month, while it will list on the Dubai Financial Market in April.
Informed sources said that the state-owned company intends to announce Putting its shares on the stock exchange On the 7th of next March.
In November, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, announced plans to offer shares of 10 government companies on the stock exchange to support the local stock market.
The listing of companies aims to support the stock market in Dubai and increase its competitiveness with regional exchanges such as the Saudi Stock Exchange and the Abu Dhabi Stock Exchange.
