Post by : Bianca Suleiman
The Dubai Electricity and Water Authority (DEWA), traded on the Dubai Financial Market (ISIN: AED001801011), has announced shareholder approval for a substantial total dividend of AED 3.1 billion for the second half of 2025. The decision was finalized during the General Assembly on April 2, 2026, with a significant turnout of 91.53% of shareholders participating both in person at Kempinski The Boulevard Hotel and through virtual means.
General Assembly Insights
The Assembly convened under the leadership of HE Majid Hamad Rahma Al Shamsi, DEWA’s Chairman, and included HE Saeed Mohammed Al Tayer, the Managing Director & CEO, among other board members. Shareholders approved a cash dividend of 6.2 fils per share, with the disbursement slated for April 2026, marking the record date on Monday, April 13, 2026.
Financial Performance & Summary
DEWA has reported a consolidated revenue of AED 32.84 billion for the year, a 6.02% increase from the previous year, primarily driven by heightened demand for electricity, water, and cooling services. The net profit after tax surged by 25.17% to AED 9.06 billion, a testimony to substantial operational efficiency and strategic investments.
Peak electricity demand rose by 5.8% to 11,391 MW, and peak water demand increased by 7% to 487 million imperial gallons per day (MIGD). DEWA expanded its customer base with nearly 57,000 new accounts, now totaling over 1.3 million.
Sustainability Initiatives
DEWA remains committed to advancing Dubai’s ambitions for Net Zero by 2050. The Mohammed bin Rashid Al Maktoum Solar Park’s capacity is set to expand from a target of 5,000 MW to 8,000 MW by 2030. Currently, 21.5% of DEWA’s installed capacity of 17,979 MW derives from clean energy, with expectations to increase to 36% by 2030, effectively preventing over 8.5 million tonnes of carbon emissions yearly.
Investment Strategies & Digital Transformation
In 2025, DEWA invested AED 11.8 billion to enhance renewable energy production and transmission networks, furthering public-private partnerships to attract international developers. Line losses are markedly low, remaining at 2% for electricity and 4.4% for water, equating to an average of only 0.82 customer minutes lost per year.
DEWA is also at the forefront of digitalization and AI, achieving a global leading position in 13 utility performance metrics. These innovative initiatives drive efficiency, lower costs, and enhance the quality of customer service.
Statements from Leadership
HE Majid Hamad Rahma Al Shamsi commended Dubai’s strategic vision as outlined by His Highness Sheikh Mohammed bin Rashid Al Maktoum, which aims to establish the emirate as a global center for finance, trade, and sustainability.
HE Saeed Mohammed Al Tayer reiterated DEWA’s pledge to excellence, sustainable growth, and energy initiatives, underscoring the group’s milestones in financial and operational success and advancements in renewable energy.
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