Dewa shareholders approve one-time dividend payment of nearly $553 million – The National

Dewa shareholders approve one-time dividend payment of nearly $553 million – The National

The Dubai Electricity and Water Authority on Monday approved the payment of a one-time special dividend of Dh2.03 billion ($552.68 million), with a record date of December 22.

Dewa, the first Dubai entity to go public among the 10 state enterprises the government plans to list on the Dubai Financial Market (DFM), held its second general assembly for the year on Monday.

“Dewa continues its excellence journey and smart and sustainable growth … Dewa is on track to record the best full-year financial performance in its history,” Matar Al Tayer, chairman of Dewa’s board of directors, said in a statement.