The proceeds of the Dubai Electricity and Water Authority (DEWA) subscription amounted to 315 billion dirhams. The stock is priced at the upper end of the offering, making it the second largest listing in the region's history.
According to Al Arabiya Net, the Deputy Ruler of Dubai, Maktoum bin Mohammed, said, in a tweet today, Wednesday, that the subscription of the Dubai Electricity and Water Authority (DEWA) to attract subscription applications worth 315 billion dirhams through the participation of most global sovereign and private funds and the participation of 65,000 individual investors, which makes it the second largest. The largest offering in the region (after the IPO of Saudi Aramco in 2019), and the value of the company approaches 124 billion dirhams
