Friday, May 24, 2024

Global trade: Deva’s estimate of $ 25 billion in the UAE is not easy


Abu Dhabi – Mubasher: Waleed Al-Qadib, managing partner of Global Shares and Bonds, says the Dubai Electricity and Water Authority’s “deva” is not a simple figure worth $ 25 billion, especially its profit of 6 billion dirhams. 2021.

Walid al-Qadib explained that the company would offer its 6.5% stake and was awaiting approval for pricing, calibration and comparison of returns, and the picture would be clear, according to the al-Arabia website. .

Al-Gaddafi added that in order to attract investors, it is important that profit multipliers do not exceed 10 or 15 times, and that the return on dividends should not fall below 5 to 6%. Adherence to the annual and semi-annual distribution policy due to the willingness of investors to own financial positions.

He pointed out that the demand for the offering depends on the pricing and does not exaggerate the rating, and it is expected to have a very strong turnout, especially from more companies than individuals, and it will be well protected, especially if pricing. Corporate valuation of companies is related, but it does not look like big offers.Because of its high financial strength in the Abu Dhabi market, but it is an excellent list for the Dubai financial market.

The Dubai Electricity and Water Authority (DEWA) has officially announced that it plans to pursue an initial public offering to list 3.25 billion shares of its 6.5% stake in the Dubai Financial Market.

The subscription period will start on Thursday, March 24, 2022, at which time the price limit will be announced, while the shares of the company will start trading in the Dubai market on Tuesday 12th April.

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This is the first initial public offering of ten shares planned for companies affiliated with the Dubai government with the aim of revamping the stock market.


Report .. Everything you need to know to participate in the “DEWA” offer on the Dubai Stock Exchange

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Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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