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

Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secret

Tata Electronics said on Monday it had detected a recent 'cybersecurity incident', after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group.
FNC proposes Euro-Mediterranean and Gulf AI hub at economic forum

The UAE's Federal National Council (FNC) has proposed the creation of a Euro-Mediterranean and Gulf artificial intelligence hub to boost investment, research and cooperation in one of the world's fastest-growing sectors.
UAE calls for stronger Euro-Mediterranean, Gulf cooperation

Federal National Council Speaker Saqr Ghobash has called for closer economic and parliamentary cooperation between Euro-Mediterranean and Gulf countries to help address rapid technological and economic change and support sustainable development.
Dubai's DGCX to launch region’s first Gold Spot T+0 Contract

The Dubai Gold and Commodities Exchange (DGCX) is set to launch a new same-day gold trading contract on Monday, June 22, in a move aimed at making physical gold transactions faster and more efficient.
AD Ports launches new logistics link between UAE and Iraq

AD Ports Group has launched integrated logistics services connecting Khalifa Port with Umm Qasr Port in Iraq, reinforcing commitment to enhancing regional connectivity and supporting existing trade corridors.

News

Dubai Humanitarian sends third aid airlift to support Ebola response
Dubai Humanitarian has facilitated a third emergency aid airlift to support efforts to contain the Ebola outbreak in the Democratic Republic of the Congo.
H.H. Sheikh Ahmed honours media leaders for building trust, responsible coverage
His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council, has honoured more than 100 UAE media organisations, media professionals and content creators for their role in enhancing trust and fostering national unity during recent regional developments.
Sharjah Ruler issues law regulating drone operations
His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued a new law regulating the use of drones.

DEWA to be listed on Dubai Financial Market

More from Business

News

Our Shows

Quick Links

Listen on the Go

DEWA to be listed on Dubai Financial Market

Share

More from Business

News

Our Shows

Quick Links

Listen on the Go