Dewa shareholders approve dividend payment of $1.29 billion – The National

Dewa shareholders approve dividend payment of $1.29 billion – The National

The Dubai Electricity and Water Authority on Monday said its shareholders have approved the payment of total dividends of Dh4.77 billion ($1.29 billion) for April 20, 2023.

Dewa achieved record results and delivered its best financial performance and growth in 2022.

Consolidated net profit in the full 2022 fiscal year soared 22 per cent annually to about Dh8 billion, the company said in February. Revenue for the period jumped 15 per cent to Dh27.4 billion, the utility said.