Dubai Electricity and Water Authority (DEWA) approved a dividend distribution of Dh3.1 billion to its investors for the second half of 2024, further demonstrating its determination to distribute strong returns to its investors. This comes following DEWA’s excellent financial performance for the year.
In 2024, DEWA reported consolidated full-year revenue of Dh30.98 billion, reflecting solid demand across Dubai’s utilities sector. The company attributed this growth to rising consumption, infrastructure development, and Dubai’s ongoing expansion projects.
Saeed Mohammed Al Tayer, MD & CEO of DEWA, noted that the dividend reinforces DEWA’s strategy of maintaining long-term shareholder value while supporting Dubai’s economic and sustainable development objectives. The utility giant continues to play a critical role in driving the emirate’s green energy and water projects.
DEWA’s dividend payment will also enhance investor confidence as the company positions itself to address increasing energy demands while investing in renewable projects and technology.
