Press releases, Reports & Disclosures for Dubai Electricity & Water Authority PJSC

Dubai Electricity and Water Authority PJSC (DEWA) has announced the opening of nominations for its Board of Directors. The nomination period is from February 28, 2025, to March 10, 2025. Eligible shareholders can submit their applications either in person at the company's headquarters in Dubai or electronically. Applications must include a brief introduction of the applicant and specify the type of membership desired (executive, non-executive, or independent). The necessary forms and requirements are available on DEWA’s investor relations website. Eleven board members will be elected, and candidates must meet specific legal and governance criteria. Once the nomination period ends, candidates cannot transfer their nomination to another person.

The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) invites shareholders to attend the annual general assembly meeting on Friday, 21 March 2025, at 11:00 am. The meeting will be held both electronically and at the Kempinski Boulevard Hotel. Shareholders will receive the meeting link via email and text message. The agenda includes approving reports and financial statements for the year ending 31 December 2024, authorizing cash dividends, absolving the Board and auditors of liability, appointing auditors, and electing Board members for the next three years. Shareholders must register to vote electronically and can delegate others to attend on their behalf, with certain restrictions. The meeting requires a quorum of at least 50% of the company's capital, with a second meeting scheduled if the quorum is not met. Shareholders registered by 20 March 2025 are entitled to vote. Electronic registration and voting details will be sent to shareholders, who can also attend the meeting via live stream. For assistance, shareholders can contact the Dubai Financial Market or DEWA.

The document is the consolidated financial statements of Dubai Electricity and Water Authority PJSC and its subsidiaries for the year ending December 31, 2024.

The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) has approved DEWA's audited financial statements and annual report for 2024. They also endorsed the appointment of KPMG as the external auditor for the fiscal year ending on December 31, 2025, including the approval of their fees. Additionally, the Board reviewed and considered general business matters.

A notification was issued for a meeting of the Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) scheduled for Thursday, February 27, 2025, at 10:30 AM. The agenda includes reviewing DEWA's audited financial statements for 2024, considering the appointment of KPMG as the external auditor for the fiscal year ending December 31, 2025, and discussing other business matters. The notice was signed by Aakash Nijhawan, Group Head of Investor Relations.

Dubai Electricity and Water Authority (DEWA) announced record annual revenue of AED 30.98 billion and EBITDA of AED 15.70 billion for 2024, marking the highest figures in its history. The company also achieved its highest annual power generation of 59.19 TWh, clean power generation of 6.62 TWh, peak power demand of 10.76 GW, desalinated water production of 150.48 BIG, and daily peak water demand of 455 MIGD. Compared to 2023, revenue increased by 6.18% and EBITDA by 6.25%. For Q4 2024, DEWA reported revenue of AED 7.45 billion and EBITDA of AED 3.95 billion, with year-on-year growth of 6.13% and 11.11%, respectively. DEWA's strategy is driven by the UAE's 2050 Net Zero target, with 17.8% of its installed generation capacity being clean energy.

The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) has approved several key items. They have released the company's preliminary and unaudited financial statements for 2024 and set the agenda for the Annual General Assembly meeting for the financial year ending December 2024. Additionally, they endorsed the distribution of a cash dividend of AED 3.1 billion (6.2 fils per share) for the second half of 2024, to be paid in April 2025, pending shareholder approval. Important dates include the last entitlement date on March 27, 2025, ex-dividend date on March 28, 2025, and record date on March 31, 2025. The board also approved the invitation to hold an Annual Assembly meeting on March 21, 2025, subject to the UAE Securities and Commodities Authority's approval, with the invitation expected to be published in late February 2025. Furthermore, they approved the opening of nominations for board membership, also subject to regulatory approval.

The Dubai Electricity and Water Authority (DEWA) has scheduled a Board of Directors meeting for February 10, 2024, at 9:00 am. The agenda includes reviewing the company's preliminary and unaudited financial statements for 2024, discussing other business matters such as dividends for the second half of 2024, details of the Annual General Assembly, and opening nominations for Board Members. The notification is issued by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.

Dubai Electricity and Water Authority (DEWA) reported its highest-ever financial results for the first nine months of 2024, with a record revenue of AED 23.5 billion, marking a 6.2% increase from the previous year. The company also achieved a record EBITDA of AED 11.8 billion, up 4.71%, and cash from operations of AED 11.6 billion, up 17.83%. DEWA paid AED 3.1 billion in dividends to shareholders in October 2024. The results reflect DEWA's commitment to operational excellence, innovation, and sustainability, in alignment with Dubai's strategic goals for clean energy and net-zero carbon emissions by 2050.