Dewa aims AED 3.1 billion cash dividends for H1 2022

Dewa aims AED 3.1 billion cash dividends for H1 2022

Local News, News















DUBAI / WAM

Dubai Electricity and Water Authority PJSC (DEWA or the Company), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), has announced that the Company’s first general assembly meeting will be held physically and virtually on Monday, 10 October 2022.

The Assembly will vote on the recommendation of Board of Directors concerning a cash dividend distribution of AED 3.1 billion (AED 6.2 fils per share) for the first half of 2022. This is intended to be

paid to the Company’s eligible shareholders in October 2022. The Assembly will also vote on the recommendation of the Board of Directors to suspend any further allocation of profit towards legal reserve as the Company’s legal reserve is currently in excess of 50% of the share capital of the Company.





2022-09-12