Dewa approves payment of Dhs4.77 billion in dividends – Gulf Today

Dewa approves payment of Dhs4.77 billion in dividends – Gulf Today

Top officials during Dewa’s general assembly meeting in Dubai on Monday.

Dubai Electricity and Water Authority, which is listed on the Dubai Financial Market (DFM), on Monday reported that its shareholders approved the payment of total dividends of Dhs4.77 billion with a record date of 20th April 2023.

This approval came during Dewa’s general assembly, which was held today at the Address Boulevard Hotel Dubai as well as virtually.

The meeting, chaired by Matar Humaid Al Tayer, Chairman of the Board of Directors of Dewa, was attended by Saeed Mohammed Al Tayer, MD and CEO of DEWA and Members of the Board of Directors of Dewa as well as 91 per cent of the shareholders.

For shareholders who invested in Dewa’s shares prior to the dividend record date of 20th April, 2023, (with a Last Entitlement Date of 18th April 2023), the next twelve-month dividend yield is at 6.3