Saudi JournalSaudi Journal
  • Home
  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Business

Kuwait eyes deeper financial sector engagement to support Vision 2035

…

Business

Mercans unveils user-inspired payroll and timesheet management features for global efficiency

…

CXG appoints Mathieu Sancet as Vice President Of automotive division

Alba awarded EcoVadis Platinum rating for the second time, championing a sustainable tomorrow

Facebook Twitter Instagram Pinterest
Latest posts:
  • Kuwait eyes deeper financial sector engagement to support Vision 2035
  • Mercans unveils user-inspired payroll and timesheet management features for global efficiency
  • CXG appoints Mathieu Sancet as Vice President Of automotive division
  • Alba awarded EcoVadis Platinum rating for the second time, championing a sustainable tomorrow
  • Markaz sponsors vertical farming facility at The English School to empower future environmental leaders
  • du and Huawei renew partnership to accelerate Emiratisation and digital talent development in UAE
  • Amazon Payment Services Partners with Tamara to Offer Seamless Split Payments for Merchants in the UAE and Saudi Arabia
  • Kazakhstan unveils first national supercomputer in strategic partnership with Presight
Facebook Twitter Instagram Pinterest
Saudi JournalSaudi Journal
  • Home

    Kuwait eyes deeper financial sector engagement to support Vision 2035

    Mercans unveils user-inspired payroll and timesheet management features for global efficiency

    CXG appoints Mathieu Sancet as Vice President Of automotive division

    Alba awarded EcoVadis Platinum rating for the second time, championing a sustainable tomorrow

    Markaz sponsors vertical farming facility at The English School to empower future environmental leaders

  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Saudi JournalSaudi Journal
Home » Dubai Electricity and Water Authority PJSC shareholders approve payment of AED 3.1 billion in dividends
World

Dubai Electricity and Water Authority PJSC shareholders approve payment of AED 3.1 billion in dividends

Facebook Twitter Pinterest LinkedIn WhatsApp
Share
Facebook Twitter LinkedIn Pinterest WhatsApp

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider and majority owner of the largest cooling services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders have, in the general assembly held on March 28th, 2024,  approved the payment of total dividend of AED 3.1 billion with a record date of April 8th, 2024.

General Assembly Details

The meeting, chaired by HE Matar Humaid Al Tayer, Chairman of the Board of Directors of DEWA, was attended by HE Saeed Mohammed Al Tayer, MD&CEO of DEWA and Members of the Board of Directors of DEWA as well as 85.9% of the shareholders. The assembly was held on Thursday (28th March 2024) at the Kempinski Boulevard Hotel in Dubai as well as virtually.

Attractive Dividend Yield

For shareholders who are invested in DEWA’s shares prior to the dividend record date of April 8th, 2024 (with a Last Entitlement Date of April 4th, 2024), the next twelve-month dividend yield is 5.0% with reference to IPO share price of AED 2.48 per share.

“Thanks to the insightful vision and wise directives of our wise leadership, Dubai has become a global hub for trade, finance, tourism, and green economy. DEWA plays a crucial role in ensuring that Dubai’s infrastructure keeps pace with the increasing demand for energy and water. Our unwavering efforts have contributed to DEWA’s record of achievements, highlighted the transition to clean energy and established DEWA’s global leadership,” said HE Matar Al Tayer.

“Looking ahead, I am optimistic about our operating and financial outlook for 2024. The surge in tourism, growth in the residential and commercial demand for our services and the rising active day-time population in the Emirate are promising indicators of further opportunities to grow our business. In 2023, DEWA’s annual revenue exceeded AED 29 billion, operating profit was over AED 8.7 billion and EBITDA was over AED 14.7 billion, all figures reflecting the highest in its history” said HE Saeed Al Tayer.

Share. Facebook Twitter Pinterest LinkedIn WhatsApp

Related Posts

Africa

Kenzz App honors top-performing sellers in First-Ever Vendors Awards Ceremony

Business

SBC Summit 2025 Adds Latin America & Brazil Track

Africa

African Hotel Development Group and Aleph Hospitality in largest hotel management portfolio deal in the region

Asia

Discover ‘Central Chidlom: The Store of Bangkok,’  a World-Class Luxury Shopping Experience for Middle Eastern Travellers

Africa

Morocco’s VOVE ID secures fresh funds to support expansion ambitions

Asia

GO Sport Expands to Palestine

Asia

Shifting power: Global South on China’s evolving role in the international order

Asia

One Development set to launch AED 2 billion project in City of Arabia, redefining the UAE’s real estate landscape

Stay In Touch
  • Facebook
  • Twitter
Business

Kuwait eyes deeper financial sector engagement to support Vision 2035

AlShamlan: KFH remains committed to advancing sustainable growth and aligning with national priorities under Vision…

Mercans unveils user-inspired payroll and timesheet management features for global efficiency

CXG appoints Mathieu Sancet as Vice President Of automotive division

Alba awarded EcoVadis Platinum rating for the second time, championing a sustainable tomorrow

Markaz sponsors vertical farming facility at The English School to empower future environmental leaders

Kuwait eyes deeper financial sector engagement to support Vision 2035

Mercans unveils user-inspired payroll and timesheet management features for global efficiency

CXG appoints Mathieu Sancet as Vice President Of automotive division

Alba awarded EcoVadis Platinum rating for the second time, championing a sustainable tomorrow

Markaz sponsors vertical farming facility at The English School to empower future environmental leaders

Stay informed with Saudi Journal, your trusted source for comprehensive coverage of news, events, and insights from Saudi Arabia and beyond. Explore diverse perspectives, stay updated, and engage with the latest stories shaping our world. Experience news like never before with Saudi Journal.

Facebook Twitter
Categories
  • Business (384)
  • Life (121)
  • Saudi Arabia (79)
  • Technology (74)
  • Uncategorized (1)
  • World (55)
    • Africa (11)
    • Asia (25)
    • Europe (4)
    • US (3)
Our Picks
Business

Jahez Application and Kuwait Innovation Center launch the First Food Hackathon in Kuwait

Life

Canada Ends Temporary Public Policy Allowing Visitors to Apply for Work Permits from Within the Country

Asia

Score Big At Spartan Sports Café: Your Premier Destination For Live Asian And African Cup Action

© 2025 Saudi Journal.
  • Home
  • Saudi Arabia
  • Business
  • Technology
  • Life
  • English
  • العربية

Type above and press Enter to search. Press Esc to cancel.