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 News

Sharjah Ruler approves 2026 general budget of AED 44.5 billion

His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved the emirate’s general budget for 2026, with total spending set at around AED 44.5 billion.
Andre Agassi to headline 11th Dubai International Project Management Forum

Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence and Chairman of the Executive Council of Dubai, the 11th edition of the Dubai International Project Management Forum (DIPMF) will bring together an elite line-up of local and international speakers, including ministers, heads of authorities and institutions, and senior executives from leading global companies.
Disney+ joins 1 Billion Followers Summit as strategic partner

The 1 Billion Followers Summit, the world’s largest global event dedicated to the content creation economy, has announced Disney+, the streaming service of The Walt Disney Company, has joined as a Strategic Partner for its fourth summit.
China hits US defence firms with sanctions over Taiwan arms sales

China's foreign ministry has announced sanctions targeting 10 individuals and 20 US defence firms, including Boeing's St. Louis branch, over arms sales to Taiwan.

On Virgin Radio today

Non Stop Hits
Midnight - 6:00am

The UAE's #1 Hit Music Station with no interruptions
The Kris Fade Show
6:00am - 10:00am

Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.

Trending on Virgin Radio

If Craig David had a verse on Azizam
The legendary Craig David joins The Kris Fade Show for an unforgettable chat!
Studio to a Global Hit Superstar: S.N.E
S.N.E joins The Fusion with Eddie for an unforgettable episode! 🔥
ARN News Centre
Get the latest UAE and world news from our award winning team of journalists. The ARN News Centre is the country's most trusted source of information.
Untold Dubai
It arrived: The UAE's First Mega Music Festival at Expo City Dubai!