Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
Dubai Electricity and Water Authority PJSC (DEWA) announced record financial results for 2025, with annual revenue reaching AED 32.84 billion, an operating profit of AED 10.99 billion, and an EBITDA of AED 17.37 billion. The results mark the highest in DEWA's history, with notable achievements including a power generation of 62.21 TWh, clean power generation of 10.10 TWh, peak power demand of 11.39 GW, and desalinated water demand of 161.505 billion gallons. The profit after tax increased by 25.66% year-on-year to AED 9.09 billion. For Q4 2025, DEWA reported revenue of AED 7.92 billion, EBITDA of AED 4.22 billion, and profit after tax of AED 2.26 billion, with significant year-on-year growth. These figures represent preliminary and unaudited financial results.
The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) has approved several key items: the release of the company's preliminary and unaudited financial statements for 2025, the agenda for DEWA's Annual General Assembly meeting for the financial year ending December 2025, and the distribution of a cash dividend of AED 3.1 billion (6.2 fils per share) for the second half of 2025. This dividend is planned to be paid in April 2026, pending shareholder approval at the annual general assembly. The last entitlement date is April 7, 2026, with the ex-dividend date on April 8, 2026, and the record date on April 9, 2026. The Board also approved the invitation to hold an Annual Assembly meeting on April 2, 2026, which requires approval from the UAE Securities and Commodities Authority. This invitation is expected to be published in late February or early March 2026, subject to regulatory approval. The Board also reviewed other business matters related to DEWA.
The Board of Directors of Mashreq Bank P.S.C invites shareholders to the annual general assembly meeting on March 10, 2026, at 10:00 am UAE time. Shareholders can attend in person at the Bank’s headquarters in Dubai or virtually via a link sent to them after registering their attendance. The agenda includes authorizing the chairman to appoint a secretary and vote collector, reviewing and approving reports and financial statements for 2025, considering a cash dividend distribution, approving Board remuneration, discharging or dismissing Board members and auditors from liability, and appointing auditors for 2026. Special resolutions involve updating and issuing securities programs and undertaking related financial actions. Shareholders must register electronically to vote, and proxies are allowed under specific conditions. The meeting requires at least 50% shareholder attendance for validity, with a second meeting scheduled if quorum is not met. Shareholders registered by specific dates are entitled to vote and receive dividends. The meeting will be recorded, and shareholders can discuss agenda items and ask questions. Financial statements and governance reports are available online.
Emirates Central Cooling Systems Corporation PJSC (Empower) announced its financial results for 2025, reporting a historic net profit of AED 1.0 billion, a 10.5% increase from the previous year, and record revenues of AED 3.42 billion, marking a 4.9% year-on-year growth. The company also achieved an EBITDA of AED 1.65 billion, a 6.2% growth compared to 2024. Empower's connected capacity reached approximately 1.7 million refrigeration tons, affirming its position as the world's largest district cooling services provider. The company signed 186 new contracts, increasing its total contracted capacity by 11% to around 2 million RT, and added 110 new buildings to its portfolio, serving a total of 1,747 buildings. The district cooling distribution pipeline network now exceeds 430 kilometers. CEO H.E. Ahmad Bin Shafar highlighted that these record results reflect the strength of Empower's business model, strategic expansion, operational efficiency, and commitment to sustainability and governance, reinforcing its role in supporting Dubai's sustainable urban development.