Press Release: DEWA Announces Payment of H1 2023 Dividend
Dubai Electricity and Water Authority PJSC (DEWA), listed on the Dubai Financial Market (DFM), has announced the payment of a dividend of AED 3.1 billion, equivalent to 6.2 fils per share, for the first half of 2023. This dividend payment is based on a record date of October 18th, 2023.
Authorization and Record Date
DEWA’s shareholders authorized the payment of this dividend during a meeting on April 10th, 2023, delegating authority to the Board of Directors. Subsequently, the Board of Directors authorized the payment on August 10th, 2023, with the specified record date of October 18th, 2023.
Dividend Distribution
The dividend will be distributed to all shareholders via the Dubai Central Securities Depository (CSD) on October 26th, 2023.
Commentary from DEWA’s CEO
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, expressed confidence in the company’s strategy, emphasizing its focus on sustainable growth, operational excellence, and stakeholder value optimization. He highlighted DEWA’s commitment to delivering robust cash generation and exceptional returns to shareholders while minimizing its environmental impact.
Al Tayer further noted that DEWA’s strategy aims to ensure consistency of returns and durability of growth, ultimately compounding value for shareholders over time.
DEWA’s announcement underscores its dedication to delivering value to its shareholders while maintaining a strong focus on sustainability and growth in the energy and water services sector.
More information can be found at DEWA’s website: https://www.dewa.gov.ae/en/investor-relations
Or
DFM’s website https://www.dfm.ae/en/issuers/listed-securities/securities/company-profile-page?id=DEWA
