Israel launches new raids on several neighborhoods in Gaza

Dubai’s DEWA boosts retail size in IPO amid strong demand 

Dubai’s utility DEWA said on Saturday it has increased the retail portion of its initial public offering by almost three times, boosting the overall deal size to as much as AED 22.32 billion ($6.08 billion).

The retail tranche was increased to 760 million shares from 260 million shares due to “significant demand and over-subscription from retail investors,” it said in a statement.

DEWA’s public share sale is set to become the biggest for the region since Saudi Aramco’s record $29.4 billion in 2019.

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