DEWA’s IPO attracts international investors, including Singapore’s sovereign wealth fund

Sources revealed to Bloomberg that the Dubai Electricity and Water Authority (DEWA) IPO has attracted global investors, including Singapore’s sovereign wealth fund, BlackRock, Vanguard Group and Fidelity, as well as Franklin Templeton and T. Rowe’s Price. .

The volume of the “Dewa” subscription was $ 6.1 billion, which is the second largest subscription in the world for the year. in course, as the company said international investors made up 30% of subscribers.

Dewa opened the subscription of its shares on March 24, with a price range between 2.25 and 2.48 dirhams per share.

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