Dubai Electricity and Water Authority (DEWA) has been added to the MSCI Emerging Markets Index, a major global benchmark, in a move expected to draw significant international investor interest.
The inclusion takes effect after market close on 30 May 2025.
DEWA, the sole provider of electricity and water in Dubai and the largest company listed on the Dubai Financial Market (DFM), becomes one of the UAE's key representatives in the index. With a market capitalisation exceeding AED130 billion, DEWA was among the largest additions by full company size in this index review.
Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, called the inclusion a "pivotal milestone" and highlighted the company’s alignment with Dubai’s clean energy goals and strong dividend record.
“Our fundamentals, governance, and operating standards reflect global best practices,”
he said, adding that DEWA remains committed to long-term value creation.
The MSCI Emerging Markets Index captures large and mid-cap equities across 24 countries and is tracked by funds managing over US$7 trillion. Inclusion typically triggers automatic capital inflows from passive and index-linked investment products, offering increased visibility and liquidity to new entrants.
Analysts expect DEWA to benefit from heightened foreign investor interest and deeper market participation. The move also strengthens the UAE’s growing role in global capital markets and underscores the appeal of its infrastructure assets.
DEWA’s 2022 IPO was one of the region’s largest, and its latest milestone signals continued momentum in its evolution as a publicly traded company.
News Source: Emirates News Agency
