DEWA's general assembly approves dividend payment of AED 3.1bln to shareholders for H2 of 2024
Dubai, United Arab Emirates: Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai's exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders have, in the general assembly held on 21 March 2025, approved the payment of total dividend of AED 3.1 billion for H2 of 2024, with a record date of 31 March 2025.
The meeting, chaired by HE Matar Humaid Al Tayer, Chairman of the Board of Directors of DEWA, was attended by HE Saeed Mohammed Al Tayer, MD&CEO of DEWA and Members of the Board of Directors of DEWA as well as 92.2% of the shareholders. During the meeting, a Board of Directors was elected for the next three years. For shareholders who are invested in DEWA's shares prior to the dividend record date of 31 March 2025 (with a Last Entitlement Date of 27 March 2025), the next twelve-month dividend yield is 5.0% with reference to IPO share price of AED 2.48 per share.
"Our commitment to sustainable growth, innovation and value creation remains stronger than ever. We continue to drive efficiency, invest in future-ready solutions and strengthen our role as a global leader in clean energy and digital transformation. We are not only meeting the increasing demand for electricity and water but also pioneering the transition towards a cleaner and more sustainable energy future. The past year is a testament to DEWA's resilience, adaptability and forward-thinking approach. Through cutting-edge technologies, smart solutions, and world-class governance, DEWA continues to set new benchmarks in operational and financial excellence,' said HE Matar Humaid Al Tayer, Chairman of DEWA.
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, said: 'DEWA remains steadfast in its commitment to excellence, sustainability and long-term growth. In 2024, DEWA Group delivered another year of strong performance, reporting consolidated full-year revenue of AED 30.98 billion, EBITDA of AED 15.73 billion and net profit after tax of AED 7.23 billion Our consolidated annual revenue grew by 6.17%, primarily driven by rising demand for electricity, water, and cooling services.'
Audited Financials
DEWA's audited financials can be found at DEWA's website: https://www.dewa.gov.ae/en/investor-relations or DFM's website https://www.dfm.ae/en/issuers/listed-securities/securities/company-profile-page?id=DEWA
*Source: AETOSWire
Contacts:
Dubai Electricity and Water Authority
Shaikha Almheiri
shaikha.almheiri@dewa.gov.ae
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