DEWA Announces Board Nominee List Ahead of AGM
Dubai Electricity & Water Authority has unveiled its candidates for the Board of Directors ahead of the Annual General Assembly.
Summary
Dubai Electricity & Water Authority PJSC has released the list of candidates for its Board of Directors, with elections scheduled at the Annual General Assembly on March 21, 2025.
Dubai Electricity & Water Authority PJSC (DEWA), the exclusive provider of electricity and potable water in Dubai, has announced the list of candidates for its Board of Directors. This announcement comes as the company prepares for its Annual General Assembly meeting scheduled for March 21, 2025. This strategic move follows the closure of the nomination period on March 10, 2025, and aligns with Federal Decree Law No. 32 of 2021 on Commercial Companies and the Corporate Governance Guide for Joint Stock Companies.
The process of nominating candidates for the Board of Directors is a critical aspect of corporate governance and reflects DEWA's commitment to transparency and regulatory compliance. The candidates were meticulously vetted by the Board ESG, Nomination, and Remuneration Committee, ensuring that only the most qualified individuals are considered for these pivotal roles.
DEWA's role as the sole provider of electricity and potable water in Dubai places it at the heart of the city's infrastructure and economic development. The company's strategic decisions, including the selection of its Board of Directors, are crucial to maintaining its operational efficiency and meeting the growing demands of Dubai's expanding economy and population.
Investors and stakeholders will be keenly observing the outcomes of the upcoming Annual General Assembly meeting. The election of the Board of Directors is not only a governance milestone but also a potential indicator of the company's future strategic direction. As DEWA continues to navigate the challenges and opportunities within the energy and water sectors, the composition of its leadership team will play a significant role in shaping its path forward.
From an investment perspective, DEWA's stability as a utility provider and its strategic importance to Dubai's infrastructure make it an attractive proposition. However, the upcoming board elections introduce an element of uncertainty. Investors may want to adopt a cautious 'hold' strategy, awaiting the outcomes of the elections and any subsequent strategic announcements before making further investment decisions.
Source
Summary
The Dubai Electricity and Water Authority (DEWA) has announced the closure of the nomination period for its Board of Directors membership, which ended on March 10, 2025. This process is in accordance with Federal Decree Law No. 32 of 2021 on Commercial Companies and the Securities and Commodities Authority's Corporate Governance Guide. The candidates who submitted their applications during the nomination period have been vetted by the Board ESG, Nomination, and Remuneration Committee. The election for the Board of Directors will occur during the Annual General Assembly meeting on March 21, 2025, at 11 a.m. The list of candidates is provided on the following page. This announcement is issued by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.
