Dubai Electricity and Water Authority PJSC shareholders approve one-time payment of AED 2.03 billion in special dividend to shareholders

Dubai Electricity and Water Authority PJSC shareholders approve one-time payment of AED 2.03 billion in special dividend to shareholders

DUBAI, 12th December, 2022 (WAM) -- Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), which is listed on the Dubai Financial Market (DFM), today held its 2nd general assembly for the year 2022. DEWA’s shareholders have approved the payment of a one-time special dividend of AED 2.03 billion with a record date of 22 December 2022 (with a last entitlement date of 20 December 2022).

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 89.43 percent of the shareholders. The assembly was held on Monday (12 December 2022) at the Address Boulevard Hotel Dubai as well as virtually.

For shareholders who invest in DEWA’s shares prior to the dividend record date of 22 December 2022 (with a Last Entitlement Date of 20th December 2022), the next twelve-month dividend yield is at 6.64 percent, at an IPO share price of AED 2.48 per share.

“In line with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of