Post by : Bianca
Haleem
The Dubai Electricity and Water Authority PJSC (DEWA), listed on the Dubai Financial Market (ISIN: AED001801011), has successfully secured shareholder approval for a substantial dividend of AED 3.1 billion for the latter half of 2025. This key decision was made during the General Assembly convened on 2 April 2026, with participation from 91.53% of shareholders, both in-person at Kempinski The Boulevard Hotel and through virtual attendance.
General Assembly Insights
The assembly was led by HE Majid Hamad Rahma Al Shamsi, DEWA's Chairman, along with HE Saeed Mohammed Al Tayer, MD & CEO, and various Board members. The cash dividend of 6.2 fils per share is set to be distributed in April 2026, with the record date established as Monday, 13 April 2026.
Financial Overview & Results
DEWA revealed a consolidated annual revenue of AED 32.84 billion, reflecting a 6.02% growth compared to 2024, driven by heightened demand for electricity, water, and cooling services. The net profit after tax surged by 25.17% to AED 9.06 billion, showcasing significant operational efficiency and strategic investments.
Peak electricity demand saw an increase of 5.8% to reach 11,391 MW, while water peak demand climbed 7% to 487 million imperial gallons per day (MIGD). DEWA has welcomed nearly 57,000 new electricity and water accounts, elevating its total customer base to over 1.3 million.
Commitment to Sustainability & Green Energy
DEWA remains focused on achieving Dubai's Net Zero 2050 goals. The Mohammed bin Rashid Al Maktoum Solar Park, initially targeting 5,000 MW, is now aiming for 8,000 MW by 2030. Currently, 21.5% of DEWA's 17,979 MW installed capacity is derived from clean energy, projected to increase to 36% by 2030, averting over 8.5 million tonnes of carbon emissions annually.
Investment Strategies & Digital Prowess
DEWA committed AED 11.8 billion in 2025 towards expanding renewable energy generation and enhancing transmission networks, bolstered by public-private partnerships that attracted international developers. Line loss remains impressively low at 2% for electricity and 4.4% for water, with average customer minutes lost at just 0.82 minutes per year.
Additionally, DEWA is embracing digital transformation and AI, currently ranking first globally in 13 utility performance metrics, resulting in improved efficiency, lower costs, and enhanced customer service.
Statements from Leadership
HE Majid Hamad Rahma Al Shamsi commended Dubai’s strategic vision spearheaded by His Highness Sheikh Mohammed bin Rashid Al Maktoum, reinforcing the emirate's position as a pivotal center for finance, trade, and sustainable growth.
HE Saeed Mohammed Al Tayer reiterated DEWA’s dedication to excellence, long-term sustainability, and growth, underscoring the organization's noteworthy achievements in financial outcomes, operational efficiency, and renewable energy advancement.
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