Post by : Badri Ariffin

The Dubai Electricity and Water Authority (DEWA), publicly traded on the Dubai Financial Market (ISIN: AED001801011), announced its shareholders' approval of an AED 3.1 billion dividend for the latter half of 2025. This decision was reached during the General Assembly conducted on April 2, 2026, with 91.53% participation both physically at Kempinski The Boulevard Hotel and online.

Insights from the General Assembly

Chaired by HE Majid Hamad Rahma Al Shamsi, DEWA's Chairman, the meeting witnessed the presence of HE Saeed Mohammed Al Tayer, Managing Director & CEO, alongside Board members. The approved dividend of 6.2 fils per share will be distributed in April 2026, with the record date set for April 13, 2026.

Financial Performance Highlights

DEWA achieved a consolidated annual revenue of AED 32.84 billion, marking a 6.02% increase compared to 2024. This growth was driven by heightened demand across electricity, water, and cooling services, with net profits surging by 25.17% to reach AED 9.06 billion due to robust operational efficiency and prudent investments.

The peak demand for electricity climbed 5.8% to 11,391 MW, while water peak demand experienced a 7% increase to 487 million imperial gallons per day (MIGD). DEWA has welcomed nearly 57,000 new accounts, growing its overall customer base to over 1.3 million.

Commitment to Sustainability and Green Energy

DEWA is steadfast in advancing Dubai's Net Zero 2050 objectives. The Mohammed bin Rashid Al Maktoum Solar Park, initially aimed at 5,000 MW, is now set to reach 8,000 MW by 2030. Presently, 21.5% of DEWA's total installed capacity of 17,979 MW is derived from clean energy, projected to rise to 36% by 2030, thereby preventing over 8.5 million tonnes of carbon emissions annually.

Investments and Digital Innovation

In 2025, DEWA allocated AED 11.8 billion to enhance its renewable energy generation and transmission frameworks, partnering with global developers for public-private projects. Line losses have been impressively low at 2% for electricity and 4.4% for water, with customer service interruptions averaging only 0.82 minutes yearly.

DEWA is also leading in digitalization and AI, ranking first globally in 13 utility performance metrics, which bolsters efficiency and customer service.

Statements from Leadership

HE Majid Hamad Rahma Al Shamsi lauded Dubai's visionary leadership under His Highness Sheikh Mohammed bin Rashid Al Maktoum, positioning the emirate as a key global center for finance, trade, and sustainable growth.

Meanwhile, HE Saeed Mohammed Al Tayer reaffirmed DEWA's commitment to excellence, long-term sustainability, and renewable energy progress, underscoring the group's achievements in financial performance and operational excellence.

#Global News #Dubai News #UAE News