DEWA Joins MSCI Emerging Markets Index

Dubai Electricity & Water Authority PJSC (DEWA), the exclusive electricity and water services provider in Dubai, has achieved a significant milestone by being added to the MSCI Emerging Markets Index. This inclusion, effective from the market close on May 30, 2025, underscores DEWA's growing prominence on the global investment stage.

MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, announced DEWA's addition to the index, which is a benchmark capturing large- and mid-cap representation across 24 emerging markets. The index includes markets such as China, India, Brazil, Saudi Arabia, and the United Arab Emirates, with over 1,400 constituents and approximately US$7 trillion in assets benchmarked to it.

HE Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, expressed pride in the company's inclusion, stating, 'Our inclusion in the MSCI Emerging Markets Index marks a pivotal milestone in DEWA’s journey as a publicly listed company and reinforces our growing relevance on the global investment stage.' He further highlighted DEWA's commitment to delivering consistent growth, operational excellence, and long-term value to stakeholders.

The addition to the MSCI Emerging Markets Index positions DEWA among a select group of emerging market companies sought after by international investors for their stability, scale, and sustainable growth outlook. This inclusion is expected to trigger automatic capital inflows from passive investment vehicles and index-linked funds that replicate the index composition, creating steady buy-side demand for DEWA's stock.

DEWA's market capitalization exceeds AED 130 billion, making it the largest listed company on the Dubai Financial Market. The company's strong track record of delivering predictable dividends, advancing clean energy targets, and supporting Dubai’s net zero ambitions makes it an attractive proposition for long-term global capital.

Given these developments, investors may consider a 'hold' position on DEWA's stock. While the inclusion in the MSCI Emerging Markets Index may lead to increased investor interest and potential capital inflows, it is essential to monitor the company's performance and market conditions closely. DEWA's fundamentals, governance, and operating standards reflect global best practices, which could support its continued growth and stability.