Dubai’s DEWA Set to Court Wealth Funds in Pre-IPO Investor Talks
Electricity power lines operated by Dubai Electricity and Water Authority, in the desert near Dubai, United Arab Emirates.
Photographer: Duncan Chard/Bloomberg
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Dubai’s main utility will hold its first meetings with select top investors as soon as next week to drum up interest for what will likely be among the city’s largest listings, people familiar with the matter said.
Bankers and officials at Dubai Electricity & Water Authority plan to meet investors including sovereign and pension funds, the people said, asking not to be identified because the information is private.