DEWA said in a statement that the selling commissions would amount to Dhs213.7m
EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX
The IPO valued DEWA at $33.8bn
The stock is expected to start trading in Dubai around April 12
DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022
In 2021, Multiply Group acquired stakes in UAE-based assets and international high growth firms such as Firefly, Savage X Fenty, Getty images and Viola
The investment has been made through its subsidiary Alpha Dhabi Partners Holding
The price range is set between Dhs2.25 and Dhs2.48 per share, implying a market capitalisation of between Dhs112.5bn and Dhs124bn
These partnerships support the museum’s role in enhancing Dubai and the world’s readiness for the future
The Dubai Supreme Council of Energy approved updated plans for the programme that will help the UAE meet its net-zero goal by 2050
Energy demand in 2021 reached 50,202 gigawatt-hours compared to 45,712 gigawatt-hours in 2020
The total value of DEWA’s investments in electricity transmission in 2021 reached Dhs9.5bn
These stations are mainly spread across Mohammed bin Rashid Gardens, Airport City, Wadi Al Safa, and Al Yafra 2
The Spanish delegation expressed interest in participating in DEWA’s projects in clean and renewable energy and water
The data centre will be implemented by Moro Hub at the Mohammed bin Rashid Al Maktoum Solar Park in Dubai
The government said last month it wants to sell shares in 10 companies, and it has been encouraging private and family-owned businesses to follow suit
The 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has investments totalling Dhs15.78bn based on the IPP model
DEWA reported net income of $1.3bn for 2019
The city merged its economic and tourism departments on Saturday
The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years
The competition will be – for the first time in its history – linked to a World Expo
Customers can locate DEWA charging stations through its website and smart app as well as through a variety of digital map platforms
The reservoir will have a storage capacity of 120 million imperial gallons
As of February 2021, the number of electric cars in Dubai has increased to 2,473
Located at the Mohammed bin Rashid Al Maktoum Solar Park, it will be the largest solar-powered Uptime TIER III-Certified Data Centre in the Middle East and Africa
The UAE is poised to become only the 5th country ever to enter Mars’ orbit
It will extend DEWA’s water transmission network by 36km across Dubai and is now nearly 88 per cent complete
The Space-D programme will include the launch a main satellite with the latest imaging and communication technologies
New projects worth over Dhs80bn are either ongoing or envisaged for completion over the next five years
InfraX operates an independent fibre optics network for digital services