The Dubai Electricity and Water Authority (Dewa) is to be listed on the Dubai Financial Market (DFM) “in the coming months.” The announcement was made earlier this month by Sheikh Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and is the latest in a wave of planned energy-sector IPOs in the region.

A precise date has yet to be announced, and Dubai has not yet indicated a valuation of the state utility, which provides power and water across the emirate. (CONTINUED - 328 WORDS)