{"id":14510,"date":"2022-04-12T22:55:49","date_gmt":"2022-04-12T17:55:49","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=14510"},"modified":"2022-04-12T22:55:55","modified_gmt":"2022-04-12T17:55:55","slug":"dubais-dewa-portion-rises","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2022\/04\/12\/dubais-dewa-portion-rises\/","title":{"rendered":"Dubai\u2019s DEWA portion rises"},"content":{"rendered":"\n

In the Gulf region\u2019s largest first public offering since Saudi oil giant Aramco in 2019, shares of the Dubai Electricity and Water Authority rose nearly 16 percent on Tuesday.<\/p>\n\n\n\n

As the Dubai stock exchange falls 0.5 percent, DEWA shares surge 19 percent in the first minutes of trading before closing up 15.72 percent at 2.87 dirhams ($0.78).<\/p>\n\n\n\n

Last week, the Dubai-based utility said that it had raised 22.3 billion dirhams ($6.1 billion) in the Gulf\u2019s largest initial public offering (IPO) since Aramco\u2019s world-record launch.<\/p>\n\n\n\n

Nine billion shares were listed, representing an 18 percent interest, at an initial price of 2.48 dirhams ($0.68).<\/p>\n\n\n\n

The sale, in which over 65,000 institutional and individual investors took part, valued the company at over $1 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the Gulf region\u2019s largest first public offering since Saudi oil giant Aramco in 2019,<\/p>\n","protected":false},"author":10,"featured_media":14512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1],"tags":[291],"class_list":["post-14510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-dubai"],"yoast_head":"\nDubai\u2019s DEWA portion rises<\/title>\n<meta name=\"description\" content=\"In the Gulf region\u2019s largest first public offering since Saudi oil giant Aramco in 2019, shares of the Dubai Electricity and Water Authority rose nearly 16 percent on Tuesday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2022\/04\/12\/dubais-dewa-portion-rises\/\" \/>\n<meta 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