Company Insights Dubai Electricity and Water Authority (Dewa) Energy Dubai Electricity and Water Authority (Dewa) News Energy Dewa’s $300m power plant set for Q1 2023 completion State-owned Dubai Electricity and Water Authority (Dewa) has completed 93 percent of the 829 megawatts (MW) fourth phase of the AED 1.1 billion ($299.47 million) H-Station power plant in Al Aweer with investments. This phase will increase Al Aweer power station complex’s total capacity to 2,825 MW under climate conditions of 50 degrees Celsius and […] December 12, 2022 Construction Dubai utility provider gets 29 bids for Hassyan reverse osmosis plant State-owned Dubai Electricity and Water Authority (Dewa) has received 29 expressions of interest to implement the first phase of its 120 million gallons per day Hassyan seawater reverse osmosis plant project using the independent water producer (IWP) model. This is the first project implemented by Dewa using the IWP model, which will run in phases […] December 11, 2022 Markets Empower raises nearly $724 mln following book-building process Emirates Central Cooling Systems Corporation (Empower) has set the final offer price for its initial public offering (IPO) at AED 1.33 per share, at the top of the price range, raising nearly AED 2.7 billion ($724 million). This comes following the successful completion of the book-building and public subscription process for its IPO, the UAE […] November 10, 2022 Banking & Finance Empower targets Gulf expansion with IPO cash boost Dubai’s Emirates Central Cooling Systems Corporation (Empower) plans to launch its initial public offering (IPO) on the Dubai Financial Market on November 16, as it eyes expansion to neighbouring Gulf states, company executives said on Monday. Subscriptions will open on October 31 and close on November 7. Final pricing will be set on November 9 […] October 24, 2022 Energy DEWA extends deadline for bids for sixth phase of solar park Dubai Electricity and Water Authority (DEWA) has extended the deadline for receiving the expressions of interest (EOI) from international developers to implement the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park until November 1, 2022. The earlier deadline for submitting EOIs was October 10. The sixth phase, which will be based on the Independent […] October 23, 2022 Banking & Finance Dubai’s TECOM board proposes $54m interim cash dividend Dubai business park operator TECOM Group’s board has proposed an interim dividend payment of AED 200 million ($54.45 million), subject to shareholder approval at its upcoming annual general meeting. The proposed AED 200 million payout is in line with its previously announced dividend policy of distributing AED 800 million annually through to October 2025. The […] October 18, 2022 Analysis Banking & Finance UAE government’s IPO juggernaut raises $13.3bn and counting A flurry of government-backed initial public offerings (IPOs) on the Dubai and Abu Dhabi stock markets has helped rejuvenate UAE bourses, as local and international investors seek exposure to the country’s buoyant economy. While Europe and the US fret over soaring inflation and likely recession, and most emerging market currencies wilt versus the dollar, Gulf […] October 12, 2022 Health UAE hospital operator Burjeel in share surge on $300m IPO debut The healthcare firm offered 11% of its shares on the ADX as proceeds from Middle Eastern IPOs continue to rise, bucking the global trend October 10, 2022 Energy DEWA invites international bids for sixth phase of solar park Dubai Electricity and Water Authority (DEWA) has invited international companies to submit their expressions of interest (EOI) to implement the sixth phase of the Mohammed bin Rashid Al Maktoum solar park, WAM, the UAE state-owned news agency, reported. The deadline for submitting EOIs is October 10. DEWA’s CEO Saeed Mohammed Al Tayer said that the 900 MW […] October 9, 2022 Markets Salik’s $1bn IPO target ‘easily achievable’ after stake boost Dubai toll gate operator Salik’s decision to increase the number of shares offered in its initial public offering will yield lower stock price volatility, and the $1 billion the government aims to raise “seems easily achievable”, analysts have predicted. Salik Company announced on Friday that it has increased the size of the stake it is […] September 17, 2022 Posts navigation Previous 1 … 4 5 6 Next
Energy Dewa’s $300m power plant set for Q1 2023 completion State-owned Dubai Electricity and Water Authority (Dewa) has completed 93 percent of the 829 megawatts (MW) fourth phase of the AED 1.1 billion ($299.47 million) H-Station power plant in Al Aweer with investments. This phase will increase Al Aweer power station complex’s total capacity to 2,825 MW under climate conditions of 50 degrees Celsius and […] December 12, 2022
Construction Dubai utility provider gets 29 bids for Hassyan reverse osmosis plant State-owned Dubai Electricity and Water Authority (Dewa) has received 29 expressions of interest to implement the first phase of its 120 million gallons per day Hassyan seawater reverse osmosis plant project using the independent water producer (IWP) model. This is the first project implemented by Dewa using the IWP model, which will run in phases […] December 11, 2022
Markets Empower raises nearly $724 mln following book-building process Emirates Central Cooling Systems Corporation (Empower) has set the final offer price for its initial public offering (IPO) at AED 1.33 per share, at the top of the price range, raising nearly AED 2.7 billion ($724 million). This comes following the successful completion of the book-building and public subscription process for its IPO, the UAE […] November 10, 2022
Banking & Finance Empower targets Gulf expansion with IPO cash boost Dubai’s Emirates Central Cooling Systems Corporation (Empower) plans to launch its initial public offering (IPO) on the Dubai Financial Market on November 16, as it eyes expansion to neighbouring Gulf states, company executives said on Monday. Subscriptions will open on October 31 and close on November 7. Final pricing will be set on November 9 […] October 24, 2022
Energy DEWA extends deadline for bids for sixth phase of solar park Dubai Electricity and Water Authority (DEWA) has extended the deadline for receiving the expressions of interest (EOI) from international developers to implement the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park until November 1, 2022. The earlier deadline for submitting EOIs was October 10. The sixth phase, which will be based on the Independent […] October 23, 2022
Banking & Finance Dubai’s TECOM board proposes $54m interim cash dividend Dubai business park operator TECOM Group’s board has proposed an interim dividend payment of AED 200 million ($54.45 million), subject to shareholder approval at its upcoming annual general meeting. The proposed AED 200 million payout is in line with its previously announced dividend policy of distributing AED 800 million annually through to October 2025. The […] October 18, 2022
Analysis Banking & Finance UAE government’s IPO juggernaut raises $13.3bn and counting A flurry of government-backed initial public offerings (IPOs) on the Dubai and Abu Dhabi stock markets has helped rejuvenate UAE bourses, as local and international investors seek exposure to the country’s buoyant economy. While Europe and the US fret over soaring inflation and likely recession, and most emerging market currencies wilt versus the dollar, Gulf […] October 12, 2022
Health UAE hospital operator Burjeel in share surge on $300m IPO debut The healthcare firm offered 11% of its shares on the ADX as proceeds from Middle Eastern IPOs continue to rise, bucking the global trend October 10, 2022
Energy DEWA invites international bids for sixth phase of solar park Dubai Electricity and Water Authority (DEWA) has invited international companies to submit their expressions of interest (EOI) to implement the sixth phase of the Mohammed bin Rashid Al Maktoum solar park, WAM, the UAE state-owned news agency, reported. The deadline for submitting EOIs is October 10. DEWA’s CEO Saeed Mohammed Al Tayer said that the 900 MW […] October 9, 2022
Markets Salik’s $1bn IPO target ‘easily achievable’ after stake boost Dubai toll gate operator Salik’s decision to increase the number of shares offered in its initial public offering will yield lower stock price volatility, and the $1 billion the government aims to raise “seems easily achievable”, analysts have predicted. Salik Company announced on Friday that it has increased the size of the stake it is […] September 17, 2022
