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22/03/2025 07:43 AST
Dubai Electricity and Water Authority (DEWA) reported that its shareholders have approved the payment of total dividend of Dh3.1 billion for H2 of 2024, with a record date of 31 March 2025.
For shareholders who are invested in DEWA's shares prior to the dividend record date of 31 March 2025 (with a Last Entitlement Date of 27 March 2025), the next twelve-month dividend yield is 5.0 per cent with reference to IPO share price of Dh2.48 per share.
Matar Humaid Al Tayer, Chairman of DEWA, said "At DEWA, we take great pride in being a key pillar of this success, ensuring that the energy and water infrastructure keeps pace with the rapid growth Dubai is witnessing. Our commitment to sustainable growth, innovation and value creation remains stronger than ever."
"The past year is a testament to DEWA's resilience, adaptability and forward-thinking approach. Through cutting-edge technologies, smart solutions, and world-class governance, DEWA continues to set new benchmarks in operational and financial excellence," added Al Tayer.
Saeed Mohammed Al Tayer, MD & CEO of DEWA, said: "In 2024, DEWA Group delivered another year of strong performance, reporting consolidated full-year revenue of Dh30.98 billion, EBITDA of Dh15.73 billion and net profit after tax of Dh7.23 billion. Our consolidated annual revenue grew by 6.17 per cent, primarily driven by rising demand for electricity, water, and cooling services."
Gulfnews
13/05/2025
Dubai Electricity and Water Authority (Dewa) reported its strongest-ever first quarter performance, as demand for electricity and water continued to rise across the emirate.
For the three mo
Gulfnews
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| TAQA | 3.52 | 0.01 (0.28 |
| ACWAPOWER | 248.60 | -1.80 (-0.72 |
| SAUDIELECTRICITY | 14.46 | 0.08 (0.55 |
| EMPOWER | 1.66 | 0.02 (1.21 |
| MARAFIQ | 42.65 | 0.70 (1.66 |
25/06/2025
Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.
The duo had an year ag
Trade Arabia
25/06/2025
Burgan Bank announced the appointment of Mohammed Al-Roomi as Deputy General Manager of Information and Cyber Security Management. This strategic appointment reflects the Bank's unwavering dedication
Kuwait Times
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In line with its commitment to enriching its customers' banking experience and providing the best innovative digital services that meet their needs, the National Bank of Kuwait announced the launch o
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25/06/2025
Zain Omantel International (ZOI), the joint venture between Zain Group and Omantel, has earned four prestigious international awards - underscoring its position as a connectivity powerhouse in the re
Kuwait Times
25/06/2025
Al Mal Capital REIT, the first REIT listed on the Dubai Financial Market (DFM), on Tuesday announced a follow-on public offering (FPO) on its closed ended Real Estate Investment Trust (REIT).
Khaleej Times
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