The Dubai Electricity and Water Authority (DEWA) and Emirates Power Investment Company (EPIC) will issue a 10% stake in Empower in their fourth government-linked IPO this year. The subscription period will begin on October 31 and end on November 7.

Dubai intends to issue 10% or 1 billion shares of Emirates Central Cooling Systems Corporation (Empower) in an initial public offering (IPO). The IPO is intended to attract local stock exchange investors.

This is the 4th government-linked company to obtain a Dubai listing in the current year.

This is a statutory sale, meaning that all interested investors are welcome to subscribe.

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