Gulf stock markets add listings, but foreign investors still skeptical
A flurry of stock listings in Riyadh, Abu Dhabi and Dubai raise hopes of broadening the investor base.
“Investing in DEWA is an investment in Dubai's future,” Sheikh Mohammed bin Rashid al-Maktoum said. The ruler of Dubai described state-owned utility Dubai Electricity & Water Authority (DEWA) as a “key pillar” of the Gulf’s financial and business hub development.
The company provides water and electricity services to the emirate’s 3.4 million people.
