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Dubai Electricity and Water Authority (DEWA) announced record annual revenue of AED 30.98 billion and EBITDA of AED 15.70 billion for 2024, marking the highest figures in its history. The company also achieved its highest annual power generation of 59.19 TWh, clean power generation of 6.62 TWh, peak power demand of 10.76 GW, desalinated water production of 150.48 BIG, and daily peak water demand of 455 MIGD. Compared to 2023, revenue increased by 6.18% and EBITDA by 6.25%. For Q4 2024, DEWA reported revenue of AED 7.45 billion and EBITDA of AED 3.95 billion, with year-on-year growth of 6.13% and 11.11%, respectively. DEWA's strategy is driven by the UAE's 2050 Net Zero target, with 17.8% of its installed generation capacity being clean energy.

The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) has approved several key items. They have released the company's preliminary and unaudited financial statements for 2024 and set the agenda for the Annual General Assembly meeting for the financial year ending December 2024. Additionally, they endorsed the distribution of a cash dividend of AED 3.1 billion (6.2 fils per share) for the second half of 2024, to be paid in April 2025, pending shareholder approval. Important dates include the last entitlement date on March 27, 2025, ex-dividend date on March 28, 2025, and record date on March 31, 2025. The board also approved the invitation to hold an Annual Assembly meeting on March 21, 2025, subject to the UAE Securities and Commodities Authority's approval, with the invitation expected to be published in late February 2025. Furthermore, they approved the opening of nominations for board membership, also subject to regulatory approval.