Dewa shareholders approve dividend of $844m

Shareholders of Dubai Electricity and Water Authority (Dewa) have authorised the board to approve a dividend payment of AED3.1 billion ($844 million) for the first half of 2026.

The dividend will be paid in October, the utility provider said in the results of its general assembly meeting published on the Dubai Financial Market.

The company paid a total dividend of AED6.2 billion for 2025, split equally half-yearly. The dividend for the second half of 2025 will be in April.

In February, Dewa said revenue hit a record high of AED33 billion ($9 billion), up 6 percent year-on-year, while net profit rose 26 percent annually to AED9.1 billion in 2025.

Capex spending reached AED12 billion, mainly to enhance renewable energy capacity, desalination plants, transmission and distribution networks.  

Dewa expects to pay a minimum annual dividend of AED 6.2 billion over the first five years, starting in October 2022.

The company’s shares closed 1.5 percent lower at AED2.66 on Thursday, up 4 percent in the year to date. 

The state-owned Dubai Investment Fund owns 82 percent of the utility provider.

Further reading:

• Dewa spends $1.4bn to acquire 24% stake in Empower
• Dewa revenue hits $9bn on rising demand for power and water
• Dewa announces latest water network project worth $78m