Dubai Electricity and Water Authority receives institutional investors

Dubai Electricity and Water Authority receives institutional investors

Al Tayer presents an overview of Dewa’s operations and its underlying subsidiaries

The Dewa headquarters. - KT file

By WAM Published: Fri 24 Mar 2023, 2:14 PM

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), received a delegation of institutional investors and equity research analysts from William Blair, Millennium Capital, Gemway, Eastspring, Jennison and JP Morgan.

The meeting — attended by Waleed bin Salman, Executive Vice President of Business Development and Excellence; Thomas Varghese, chief financial officer, and other Dewa officials — discussed ways of cooperation between Dewa and investment organisations, especially in green and sustainable financing and participation in Dewa’s renewable and clean energy projects.

Al Tayer emphasised that Dubai continues to maintain its global leadership and attractiveness as the ideal destination for tourists and visitors and the preferred place for business. This is supported by a world-class infrastructure and a stimulating environment that facilitates doing business and ensures promising investment opportunities.

During the meeting, Al Tayer presented an overview of Dewa’s operations and its underlying subsidiaries, discussed the company’s strong publicly reported financial and operating performance, sustainability-focused green growth prospects, key investment themes, and demand drivers. He emphasised that given Dewa’s role as the sole utility supplier in