Dubai Electricity & Water Authority PJSC (DEWA) is a Utilities company listed on the DFM stock exchange in the United Arab Emirates.
<p>The Dubai Electricity and Water Authority was created in 1992 as a result of the merger of the Dubai Electricity Company (“<strong>DEC</strong>”) and the Dubai Water Department (“<strong>DWD</strong>”), which were each established in 1959 by H.H. Sheikh Rashid bin Saeed Al Maktoum, the then Ruler of Dubai. Since then, the Group has been the exclusive provider of electricity and potable water in Dubai and its business has grown along with Dubai’s expanding economy, population and infrastructure. <br></p><p>On 30 December 2021 pursuant to Law No. (27) of 2021 (which repealed Ruler of Dubai Law No. (1) of 1992), the Company was established in its current form, as a public joint stock company, to succeed to the Dubai Water and Electricity Authority.</p><p>Company's Activities are detailed in AOA and Listing Prospectus.<br> </p>
Current stock price: AED 2.85 (+0.35% today). Market capitalization: AED 142,500. P/E ratio: 4.7.
Financial performance (2026): Revenue AED 32,360.63, Net Income AED 8,012.58.
Dividends: Annual yield 4.35%, Annual dividend AED 0.124 per share. Consecutive years of dividends: 4.
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