Dubai – Mubasher: Dubai Electricity and Water Authority’s (DEWA) general assembly approved the payment of a total dividend of AED 3.10 billion for the second half (H2) of 2024.
The shareholders greenlighted the payment of the dividend, with a record date of 31 March 2025, according to a press release.
Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, said: “In 2024, DEWA Group delivered another year of strong performance, reporting consolidated full-year revenue of AED30.98 billion, EBITDA of AED 15.73 billion and net profit after tax of AED 7.23 billion.”
“DEWA’s network now serves over 1.27 million customer accounts, and we take pride in achieving the world’s lowest electricity line losses at 2%; the world’s lowest water network losses at 4.50%; the world’s lowest Customer Minutes Lost (CML) of less than one minute per year—setting a global benchmark for reliability,” Al Tayer added.
He concluded: “I am optimistic about our outlook for 2025, driven by the continued growth in tourism, residential, commercial and industrial demand; the expanding active daytime population in Dubai; and opportunities for business expansion and infrastructure development.”
