Dubai Electricity and Water Authority (DEWA) has announced that its general assembly has approved a total dividend payment of $0.84bn for the second half of 2024.
DEWA was established in 1992 and was listed on the Dubai Financial Market (DFM) in April 2022, attracting $85bn in demand and achieving 37 times over subscription. The group is responsible for generating and distributing electricity and potable water throughout Dubai. DEWA also holds a 56% stake in Empower, the world’s largest district cooling services provider by connected capacity.
DEWA’s continued financial strength and diverse portfolio reinforce its position as a key player in Dubai’s infrastructure and sustainability landscape. The latest dividend approval highlights the company’s commitment to delivering value to its shareholders.
Gulf Economist Staff Writer