Dubai Electricity and Water Authority (DEWA) is one of the most prominent government-owned utilities companies in the UAE. DEWA is responsible for providing electricity and water services to Dubai’s residents, businesses, and industries, playing a crucial role in supporting the city’s infrastructure and economic growth. As Dubai continues to expand, DEWA has been at the forefront of developing sustainable energy projects, including solar power initiatives. In 2022, DEWA launched its historic IPO on the Dubai Financial Market (DFM), raising $6.1 billion, making it the largest public offering in the region’s history. This IPO was a key part of Dubai’s strategy to list state-owned entities to increase market activity and attract global investors.
The DEWA IPO garnered massive interest from both institutional and retail investors, reflecting the company’s importance in Dubai’s infrastructure and its strategic role in the UAE’s vision for sustainable energy. For investors seeking exposure to the energy and utilities sector, DEWA’s IPO offers a rare opportunity to invest in a stable and government-backed company with long-term growth potential.
IPOs are risky investments. If you want to invest in one, make sure you are well-informed.
If you would like to take a step back and read about how to buy shares online, click here.
Top broker for buying DEWA shares
1. eToro – Best Crypto Exchange for Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro is a popular investment platform in the UAE, offering access to IPOs with a simple and user-friendly interface. It allows investors to participate in newly listed companies with fractional shares, making it accessible to those with smaller capital. The platform provides access to global markets, making it a convenient option for UAE investors interested in diversifying their portfolios with IPO investments.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Fees for trading DEWA stocks
Let’s take a look at the fees for trading DEWA shares at our recommended brokers. You have to count with different kinds of fees when you are trading with DEWA shares.
Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade, or $0.005/share. Needless to say, these are different at each broker.
Let’s see the fees of trading with DEWA shares at our recommended broker eToro.
| Fee Type | Amount | Details |
|---|---|---|
| Commission on Stocks | $0.00 | No commission for buying non-leveraged stocks, including IPOs |
| Spread (CFDs) | Varies | Charged based on the difference between buy/sell prices |
| Currency Conversion Fee | 0.5% | Applied to non-USD deposits/withdrawals |
| Withdrawal Fee | $5 per withdrawal | Fixed fee for each withdrawal from the account |
| Inactivity Fee | $10/month | Applied after 12 months of inactivity |
| Overnight/Weekend Fees | Varies (x3 on weekends) | Charged on open CFD positions |
Conclusion
In conclusion, you can purchase DEWA stock once trading begins. Here are four simple steps to follow:
- Choose a broker
- Set up your account
- Add funds to the account
- Purchase the stock
Although it may seem complicated, just break it down into manageable steps. Keep in mind that opening and funding an account can take some time, so it’s smart to plan ahead if you want to trade DEWA shares on the first day.
For more information on IPOs, take a look at our article on IPO investing.
If you’re still uncertain, try our broker selector tool to help you choose the right online broker for your needs.