DEWA to be listed on Dubai Financial Market

Tuesday, 2 November 2021 17:22

By ARN News Staff

Dubai Electricity and Water Authority (DEWA) will be the first of several state-owned companies to be listed on the Dubai Financial Market (DFM).

The listing of the utility provider will be carried out in phases, taking into account the size of the assets, according to His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and the UAE's Deputy Prime Minister and Minister of Finance.

It comes a day after he announced plans to list 10 government and state-owned companies on the DFM.

.@MaktoumMohammed: #Dubai intends to list @DEWAOfficial on Dubai Financial Market; the listing will be carried out in phases, taking into account the size of the assets.
— Dubai Media Office (@DXBMediaOffice) November 2, 2021

More from Business

H.H. Sheikh Hamdan reviews Agentic AI transformation in private sector

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and the UAE's Deputy Prime Minister and Defence Minister, has approved a series of initiatives aimed at accelerating artificial intelligence adoption and strengthening Dubai’s digital economy.
Emaar set to unveil AED 200 billion Dubai mega-development

Emaar Properties has announced plans to unveil a major new master development in Dubai, described as its most ambitious project yet.
Emirates to maintain capacity despite challenges, says Tim Clark

Emirates will roll out incentives aimed at winning back customers worried about the protracted Iran war, focusing on safety and reliable travel connections rather than lower fares, the airline's President Tim Clark told Reuters on Tuesday.
UAE nationals to get AED25,000 in VAT savings on new homes

The expense eligibility on VAT refunds on the costs of constructing new homes for UAE nationals has been expanded under a new initiative by the Federal Tax Authority (FTA), with AED 25,000 set for each claim.