June 19, 2024

IPO News

DEWA & EPIC Offers 10% Stake in Empower in their 4th Government-linked IPO

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.

To keep up with the latest developments in the world of fintech and for more fintech news, please visit https://worldfintechnews.com/.

 

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