Dubai Electricity and Water Authority PJSC secured shareholder approval for a AED3.1 billion dividend payout for the second half of 2025, reinforcing its strong financial performance and continued growth trajectory.
The decision was finalised during the company’s Annual General Assembly held virtually on Thursday, with 91.53 percent shareholder representation. The meeting was chaired by Majid Hamad Rahma Al Shamsi and attended by Saeed Mohammed Al Tayer alongside board members and investors.
The approved dividend, equivalent to 6.2 fils per share, is scheduled for distribution in April 2026, with April 13 set as the record date for eligible shareholders.
DEWA’s performance in 2025 underpinned the payout, as the utility reported a 6.02 percent rise in annual revenue to AED32.84 billion. Net profit after tax surged by 25.17 percent to AED9.06 billion, supported by sustained demand for electricity, water and cooling services across Dubai.
Operational growth remained robust, with electricity peak demand rising by 5.8 percent and water demand increasing by 7 percent year on year. The company also expanded its customer base by nearly 57,000 accounts, surpassing 1.3 million.
Strategic investments continued to focus on clean energy and infrastructure. The Mohammed bin Rashid Al Maktoum Solar Park is now targeting a capacity of 8,000 MW by 2030, up from its original 5,000 MW plan. Clean energy currently accounts for 21.5 percent of DEWA’s installed capacity, with projections to reach 36 percent by 2030.
Backed by ongoing digital transformation and efficiency improvements, DEWA maintained global leadership across multiple utility performance benchmarks, aligning with Dubai’s broader economic growth and sustainability ambitions.
News Source: Emirates News Agency
