Currently present in more than 50 cities, EMPG operates classified platforms across emerging markets, with a focus on the MENA and South East Asia regions.
DEWA listed nine billion shares, representing 18% of its share capital, at a price of AED 2.48 per share, thereby implying a market capitalization of AED124 billion, and thus making it the largest company on the DFM as well.
The benefits of listing include a reduced dependence on bank funding, a higher degree of diversification of investors, easier access to additional equity capital and debt finance, and a higher public profile and brand recognition.
The road from startup to stock exchange is a long and testing one, but for entrepreneurs with determination and a compelling business model, it will always be a journey worth taking.