DEWA provides electricity and water exclusively to Dubai's 3.5 million residents and the millions of people who visit every year.

DEWA has a consistent track record of operational excellence and one of the lowest electricity and water line loss rates in the world.

DEWA is a globally leading fully integrated utilities company, with the generation capacity of 13.4 gigawatts of electricity as well as 490 million imperial gallons of desalinated water each day.

DEWA operates a sustainable business model with strong ESG management aligned with United Nations Sustainable Development Goals.

DEWA is leading Dubai's energy transition to net zero by 2050 and is focused on enabling a clean future for its customers and communities.

Technological innovation is part of DEWA's DNA and with the launch of its nanosatellite DEWA-SAT 1 in January 2022, DEWA became the world's first utility company to use nanosatellite technology to enhance its electricity and water networks.

DEWA has state of the art infrastructure including the Mohammed bin Rashid Al Maktoum Solar Park, the world's largest single-site solar park, with a planned capacity of 5,000MW by 2030.

DEWA also has a 70% stake in Empower, the world's largest district cooling services provider, which has a total contracted capacity of around 1.6 million refrigeration tonnes (RT)

DEWA has committed to generating 100% of its total power capacity from clean energy sources by 2050. Around 11.4% of DEWA's energy capacity currently comes from clean sources

DEWA owns several other businesses including Mai Dubai, a manufacturer and distributor of bottled water, Digital DEWA, a digital business solutions company, and Etihad ESCO, a company focused on the development and implementation of energy efficient solutions.

KEY DATES

Intention
To Float
15th March 2022
Retail Subscription
Commencement
24th March 2022
Retail Subscription
Closing
02nd April 2022
Refunding
Date
11th April 2022

IPO FINANCING

Maximize your purchasing power as a participating client in DEWA IPO with our short term financing facility, designed to boost your returns

Fully Shari’a-compliant | High Finance Amounts | Competitive Profit Rate

SUBSCRIPTION CHANNELS

LIST OF BRANCHES

Branch Name Location Timings Address
Khalifa Ajman Saturday to Thursday
(8:00 AM - 2:00 PM)
Main Ajman Saturday to Thursday
(8:00 AM - 2:00 PM)
Al Ain Al Ain Saturday to Thursday
(8:00 AM - 2:00 PM)
Buhaira Sharjah Saturday to Thursday
(8:00 AM - 2:00 PM)
Garhoud Dubai Saturday to Thursday
(8:00 AM - 2:00 PM)
Dalma Mal AbuDhabi Saturday to Thursday
(8:00 AM - 2:00 PM)
Khalidiya AbuDhabi Saturday to Thursday
(8:00 AM - 2:00 PM)
RAK Ras Al Khaimah Saturday to Thursday
(8:00 AM - 2:00 PM)
Jumeirah Dubai Saturday to Thursday
(8:00 AM - 2:00 PM)

APPLY ONLINE

APPLY ONLINE

Ajman Bank account holders will have the option to participate in the DEWA IPO via their Online Banking

ONLINE BANKING STEPS:
  • ❋ Visit www.ajmanbank.ae and select Online Banking
  • ❋ Login to the online banking account
  • ❋ Click on IPO and then IPO Purchase
  • ❋ Choose DEWA IPO from the drop down list
  • ❋ Enter valid DFM NIN ID
  • ❋ Enter subscription details
  • ❋ Confirmation will show IPO application and reference number

Apply Now with the below form