Anticipation among investors for DEWA's decision to increase the share offered for subscription

Investors are awaiting the decision of the Dubai Electricity and Water Authority (DEWA) to increase the share offered for public subscription, after 6.5% of its shares were covered to raise an amount of 8 billion dirhams.

While international news agencies reported covering the required amount during the first hours of the offering last Thursday, everyone is waiting for the decision to increase the stake to 10 or 12% due to the very high demand.”

Sources told “Emirates Today” that even with the correctness of the news circulated about the issue. The required amount has been completed, but the subscription process continues according to the dates specified in the prospectus, which falls on April 2 for individuals and DEWA employees, and April 5 for institutions and companies.

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