Dubai Electricity & Water Authority PJSC logotype

Dubai Electricity & Water Authority PJSC

DEWA

1 week

-0.05 %

1 month

0.06 %

3 months

0.10 %

OverviewInsightsDisclosures

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On 30 December 2021 pursuant to Law No. (27) of 2021 (which repealed Ruler of Dubai Law No. (1) of 1992), the Company was established in its current form, as a public joint stock company, to succeed to the Dubai Water and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 announced record financial results for the first half of 2025, reporting a revenue of AED 14.6 billion, a 6.9% increase year-over-year. The profit after tax reached AED 2.9 billion, up 13.2% from the previous year, and operating cash flow surged by 61.3% to AED 9.2 billion. For the second quarter of 2025, profit after tax increased by 25.8% year-over-year to AED 2.4 billion. The company's board approved a dividend payment of AED 3.1 billion for the first half of 2025, to be distributed in October. DEWA, listed on the Dubai Financial Market, is the exclusive provider of electricity and water services in Dubai.
The document is the condensed consolidated interim financial information of Dubai Electricity and Water Authority PJSC and its subsidiaries for the six-month period ending on June 30, 2025. The information is unaudited.
The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) held a meeting on August 8, 2025. During the meeting, they approved the company's financial statements for the second quarter of 2025 and agreed to distribute a cash dividend of AED 3.1 billion for the first half of 2025, to be paid in October 2025. The last entitlement date for the dividend is October 15, 2025, the ex-dividend date is October 16, 2025, and the record date is October 17, 2025. The Board also reviewed general business matters. The notification was 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) will hold a meeting on Friday, August 8th, 2025, at 9:00 AM. The agenda includes reviewing and considering the company's financial statements for the second quarter of 2025, as well as discussing other general business matters. The notification is issued by Aakash Nijhawan, the Group Head of Investor Relations.
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.

Threads

Previous
Page 7
Next
FinDiesel profile image

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.
ShareUkKhan profile image

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'!
talalbhai5 profile image

talalbhai5

Commented on Dubai Electricity & Water Authority PJSCs

Better pay your DEWA bill!
FinanceMan profile image

FinanceMan

Amen to that!
DFM News profile image

DFM News

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

FinanceBroAED profile image

FinanceBroAED

Commented on RealEstateKings Transaction regarding Dubai Electricity & Water Authority PJSC

Hey RealEstateKing, I see you're diversifying into Utilities. Nice! Just remember, even if DEWA doesn't light up your portfolio, at least they'll keep your lights on! 😂 #PowerPlay
DFM News profile image

DFM News

News Update From Dubai Electricity & Water Authority PJSC

Disclosure: Press release

The CEO of Dubai Electricity and Water Authority (DEWA), Saeed Mohammed Al Tayer, met with a delegation from the US Consulate General in Dubai and representatives from major American auto makers including General Motors, Ford, Tesla, and Stellantis. The meeting aimed to exchange knowledge and best practices regarding electric car infrastructure and to discuss DEWA’s Green Charger initiative. The initiative, launched in 2014, supports Dubai's strategies to increase renewable energy use and reduce carbon emissions. It has led to the installation of over 380 Green Chargers, providing access to over 700 charging points throughout Dubai. The US delegation commended DEWA's commitment to sustainable development and expressed interest in enhancing cooperation in sustainable transportation solutions and electric vehicle charging infrastructure.

1. Attached Document

DFM News profile image

DFM News

News Update From Dubai Electricity & Water Authority PJSC

Disclosure: Press release

1. Attached Document

DFM News profile image

DFM News

News Update From Dubai Electricity & Water Authority PJSC

Disclosure: Press release

1. Attached Document

DFM News profile image

DFM News

News Update From Dubai Electricity & Water Authority PJSC

Disclosure: Press release

1. Attached Document

DFM News profile image

DFM News

News Update From Dubai Electricity & Water Authority PJSC

Disclosure: Press release

1. Attached Document

Previous
Page 7
Next