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DEWA increases share offering for retail investors

* Retail tranche increased from 260 million shares to 760 million shares “due to significant demand and oversubscription from retail investors”.

* New offer size of 9 billion shares implies a deal size of between Dh20.25 billion and Dh22.32 billion.

* Final retail tranche to be between Dh1.71 billion and Dh1.88 billion.

* Factoring in the tranche meant for eligible DEWA employees, retail investors represent 9.2 per cent of the upsized deal.

gulfnews.com

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