The new offerings add 294 billion dirhams to the capitalization of local shares during 2022

DEWA is the largest company listed on the Dubai Financial Market by market capitalization.


The local stock markets attracted a new market capitalization during the past year of about 294 billion dirhams, thanks to the new initial offerings, in line with the market’s plans to double its market value to the limits of six trillion dirhams during the next three years, from its current levels of about 3.2 trillion dirhams.

Dubai Electricity and Water Authority "DEWA" came to the fore, with its market value upon listing on the Dubai Financial Market reaching about 124 billion dirhams, to become the largest company listed on the Dubai Financial Market in terms of market value, then "Borouge" after it added about 73.6 billion dirhams to its capitalization. Markets when listed on the Abu Dhabi market during 2022. The market value of the shares of “Americana Restaurants” upon listing reached about 22.07 billion dirhams, “Abu Dhabi Ports” about 16.3 billion dirhams, “Salik” 15 billion dirhams, and “Tecom” 13.4 One billion dirhams, Emirates Corporation for Central Cooling Systems “Empower” 13.3 billion dirhams, “Burjeel” 10.4 billion dirhams, “Teaching Holding” three billion dirhams, and “Bayanat” 2.83 billion dirhams.

In addition to the initial offerings, the local markets witnessed several direct listings, which also contributed to enhancing the market value, including the listing of “Union Coop” in the Dubai Financial Market, in implementation of the Cabinet’s decision regarding trading the shares of cooperative societies in the financial markets in the country, in addition to the listing of a company “Invictus Investments” in the “Nomu Market” in the Abu Dhabi Market, and the listing of “Gulf Investment House” and “GFH” shares as a double listing on the Abu Dhabi Securities Exchange.

The initial offerings and new listings contributed to increasing the depth of the markets, enhancing their investment attractiveness, and attracting a new segment of investors, thus establishing the position of the financial markets in the country as one of the most important financial and business markets in the world.

These offerings witnessed a great turnout from investors, sovereign funds and global investment portfolios, with the total demand reaching more than 1.454 trillion dirhams.

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