Duration: 06:39 14 hrs ago
This month’s IPO of the Dubai Electricity and Water Authority raised 6.1 billion dollars, making it the second largest in the world this year. It’s the first of what’s expected to be many listings out of the Emirate, and comes amid a boom in Middle East IPOs. The company’s CEO Saeed Al Tayer expects full-year net profit to be around 7.3 billion dirhams. He speaks exclusively with Yousef Gamal El-Din and Manus Cranny on “Bloomberg Daybreak: Middle East.”
