Burj Khalifa lights up for DEWA’s landmark IPO listing on Dubai Financial Market

  DUBAI - The Burj Khalifa, the tallest building in the world, lit up in celebration of the landmark listing of Dubai Electricity and Water Authority (DEWA) on the Dubai Financial Market (DFM). A 3-minute video flashed on the facade of the Burj Khalifa to mark the occasion. Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, commended the efforts of the Dubai Financial Market, and the teams from DEWA, the banks and consultants during the subscription process. He emphasised the great success of DEWA’s IPO as the largest ever IPO in the UAE and the largest in the Europe, Middle East and Africa region so far in 2022. ALSO READ: You can now buy DEWA shares for less than Dh3 Some 9 billion DEWA shares were sold in its IPO, representing 18 percent of its total share capital, and raised a total amount of Dh22.3 billion. The Government of Dubai continues to own 82 percent of DEWA’s share capital. The IPO was oversubscribed by 37 times, with strong demand across all tranches. ICA/WAM/Expat Media
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