Dubai Electricity & Water Authority PJSC

Logotype for Dubai Electricity & Water Authority PJSC
Ticker/ISIN
DEWA
AED001801011
Market/Country
Dubai Financial Market
United Arab Emirates

About Dubai Electricity & Water Authority PJSC

The Dubai Electricity and Water Authority was created in 1992 as a result of the merger of the Dubai Electricity Company (“DEC”) and the Dubai Water Department (“DWD”), which were each established in 1959 by H.H. Sheikh Rashid bin Saeed Al Maktoum, the then Ruler of Dubai. Since then, the Group has been the exclusive provider of electricity and potable water in Dubai and its business has grown along with Dubai’s expanding economy, population and infrastructure.

On 30 December 2021 pursuant to Law No. (27) of 2021 (which repealed Ruler of Dubai Law No. (1) of 1992), the Company was established in its current form, as a public joint stock company, to succeed to the Dubai Water and Electricity Authority.

Company's Activities are detailed in AOA and Listing Prospectus.

Latest Pressrelease Summaries from Dubai Electricity & Water Authority PJSC

Dubai Electricity and Water Authority PJSC (DEWA) has been added to the MSCI Emerging Markets Index as of May 30, 2025. DEWA, listed on the Dubai Financial Market, is the largest company on the market with a capitalization exceeding AED 130 billion. The inclusion in the MSCI Index is a significant milestone for DEWA, enhancing its global investment appeal. DEWA's addition to the index is notable due to its large market capitalization, aligning it with other sought-after emerging market companies. DEWA is recognized for its stability, growth potential, and commitment to sustainable energy goals, making it attractive to international investors. The MSCI Emerging Markets Index is a major global benchmark with over 1,400 constituents and approximately US$7 trillion in assets linked to it. Inclusion in the index can lead to automatic capital inflows from passive investment funds, providing consistent demand for DEWA's stock.
Dubai Electricity and Water Authority PJSC (DEWA) reported record financial results for the first quarter of 2025, achieving a revenue of AED 5.96 billion and net cash from operations of AED 3.85 billion. This marks the highest first-quarter figures in the company's history for revenue, cash from operations, power generation, clean power generation, and desalinated water production. The revenue increased by 2.83% compared to the first quarter of 2024, while cash from operations rose by 17.86%. DEWA's EBITDA was AED 2.43 billion, with an operating profit of AED 838 million and a net profit of AED 496 million. The company ended the quarter with cash and cash equivalents of AED 8.17 billion, AED 2.07 billion more than at the end of 2024. DEWA's leadership attributes these results to their commitment to innovation and sustainability, guided by the vision of Dubai's leadership, and their ongoing efforts towards achieving Net Zero by 2050.
The document is the condensed consolidated interim financial information for Dubai Electricity and Water Authority PJSC and its subsidiaries for the three-month period ending on March 31, 2025. The financial information is unaudited.
The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) has approved the company's audited financial statements for the first quarter of 2025. Additionally, the Board reviewed general business matters. This notification is addressed to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, and is signed by Aakash Nijhawan, Group Head of Investor Relations at DEWA.
A notification has been issued regarding a meeting of the Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA). The meeting is scheduled for Monday, May 12th, 2025, at 9:00 am. The agenda includes reviewing and considering the company's financial statements for the first quarter of 2025, as well as discussing other business matters. The notice is signed by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.
The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) has made several appointments. H.E. Majid Hamad Rahma Al Shamsi is appointed as the Chairman of the Board, and H.E. Saeed Mohammed Al Tayer as the Vice Chairman. Mr. Saeed Mohammed Al Sharid is appointed as the Chairman of the Audit & Risk Committee, with members H.E. Essa Mohammed Khalifa Ghanim Almutaiwei and Mr. Mohammed Gomaa Saif Al Suwaidi. Mr. Hilal Khalfan Bin Dhaher is appointed as the Chairman of the ESG, Nomination, and Remuneration Committee, with members Dr. Hamad Mubarak Mohammed Buamim and Dr. Moza Sweidan. H.E. Marwan Ahmed Ali Bin Ghalita AlMheiri is appointed as the Chairman of the Budget Committee, with members Dr. Saeed Mubarak Khalfan Kharbash Almarri and Mr. Rashed Ali Ahmed Bin Obood AlFalasi. Ahmed Talaat is appointed as the Board Secretary. The Board also reviewed general business matters.
A notification has been issued regarding a meeting of the Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA). The meeting is scheduled to take place on Wednesday, April 16, 2025, at 9:00 AM. The notice is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market, and is signed by Aakash Nijhawan, the Group Head of Investor Relations at DEWA.
The text is a notification addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Aakash Nijhawan, Group Head of Investor Relations at Dubai Electricity and Water Authority PJSC (DEWA). It informs him of the results from DEWA's General Assembly meeting, which took place on Friday, March 21, 2025, at 11:00 am. The results of the meeting are attached for his review.

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News Update From Dubai Electricity & Water Authority PJSC

Disclosure: Press Release

The Dubai Electricity and Water Authority (DEWA) has set two new records at the Mohammed bin Rashid Al Maktoum Solar Park. The park now hosts the 'Tallest Concentrated Solar Power Tower' at 263.126 metres and the 'largest thermal energy storage plant' at 5,907 megawatt hours using Concentrated Solar Power (CSP) based on parabolic basin complex with Molten Salt technology. These records were set in the park's 4th phase, which uses CSP and photovoltaic solar panel technologies. The certificates were received by DEWA's MD & CEO, HE Saeed Mohammed Al Tayer, at COP28, hosted by the UAE at Expo City Dubai.

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News Update From Dubai Electricity & Water Authority PJSC

Disclosure: Press release regarding financial results for the 3rd QTR of 2023

Dubai Electricity and Water Authority PJSC (DEWA) has announced record operating and financial results for Q3 2023, marking the highest reported quarterly revenue, operating profit, EBITDA and net profit in the company's history. DEWA reported a 10.2% growth in quarterly revenue, 13.9% growth in operating profit, and 9.9% growth in EBITDA. The company also saw a robust net profit growth of 6.9%. There was a quarterly growth of 8.8% for electricity generation and 5.4% for water. The company's net cash from operating activities increased by AED 754 million to AED 9.8 billion, an 8.3% increase compared to the same period last year. Total power generation in Q3 reached 18.897 TWh, a growth of approximately 8.8% compared to the same quarter in 2022.

1. Attached Document

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News Update From Dubai Electricity & Water Authority PJSC

Disclosure: Financial statements for the 3rd QTR of 2023

1. Attached Document

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News Update From Dubai Electricity & Water Authority PJSC

Disclosure: Results of BOD meeting

The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) held a meeting on November 10th, 2023, where they approved the company's financial statements for the third quarter, which ended on September 30th, 2023. General business matters were also reviewed and considered during the meeting. The notification was sent by Aakash Nijhawan, the Group Head of Investor Relations.

1. Attached Document

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News Update From Dubai Electricity & Water Authority PJSC

Disclosure: BOD Meeting

The CEO of the Dubai Financial Market, Mr. Hamed Ahmed Ali, was notified of a meeting of the Board of Directors of the Dubai Electricity and Water Authority (DEWA) scheduled for November 10th, 2023 at 9:00am. The meeting's agenda includes reviewing the company's financial statements for the quarter ending September 30th, 2023, and discussing other business matters. The notification was sent by Aakash Nijhawan, the Group Head of Investor Relations for DEWA.

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News Update From Dubai Electricity & Water Authority PJSC

Disclosure: Press Release

Dubai Electricity and Water Authority (DEWA) will pay AED 3.1 billion in dividends to shareholders on October 26th, 2023. The payment, which equates to 6.2 fils per share, was authorized by DEWA's board and is applicable to all shareholders recorded as of October 18th, 2023. The company's CEO, Saeed Mohammed Al Tayer, has stated that DEWA's strategy is focused on sustainable growth, innovative operational excellence, and delivering robust returns to shareholders.

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FinDiesel

Commented on RealEstateKings Transaction regarding Dubai Electricity & Water Authority PJSC

RealEstateKing, you're diving into Utilities, huh? Bold move. DEWA at 2.61 AED, interesting. Let's see how this plays out. Stay frosty, brother.
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ShareUkKhan

Commented on RealEstateKings Transaction regarding Dubai Electricity & Water Authority PJSC

Interesting move, RealEstateKing! DEWA at 2.61 AED, huh? Let's see how this plays out. Remember, in the game of stocks, 'picture abhi baaki hai mere dost'!
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talalbhai5

Commented on Dubai Electricity & Water Authority PJSCs

Better pay your DEWA bill!
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FinanceMan

Amen to that!
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News Update From Dubai Electricity & Water Authority PJSC

Disclosure: Press Release

The Dubai Electricity and Water Authority (DEWA) has received the ISO 37301:2021 certification in Compliance Management, making it one of the first local and international entities to achieve this. The certification recognizes DEWA's adherence to all relevant laws, legislation, and requirements in its operations. The certificate was awarded to DEWA's CEO, Saeed Mohammed Al Tayer, by the Bureau Veritas team. DEWA aims to enhance a culture of compliance among its employees and stakeholders, and is committed to achieving net-zero by 2050. The company has been following governance standards since 2008 and has won three Global Good Governance Awards in 2022.

1. Attached Document