The general assembly of “Dewa” is looking to distribute a one-time dividend of 2.03 billion dirhams
Dubai Electricity and Water Authority (DEWA), listed on the Dubai Financial Market, announced that the company's second general assembly meeting will be held in person and virtually on Monday, December 12, 2022.
And the authority stated that during the meeting, a vote will be made on the recommendation of the Board of Directors regarding the payment of a one-time special dividend to the shareholders of the authority, at a value of 2.03 billion dirhams.
She added that if approved, the shareholders registered in the shareholder register, on Thursday, December 22, 2022, will be entitled to receive the dividends, and the shareholders will receive the profits shortly thereafter.
Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority, said that the company will pay total dividends to its shareholders at a value of 8.23 billion dirhams for the year 2022, explaining that the authority paid on October 26 dividends to shareholders for the first half of this year at a value of 3.1 billion dirhams. While it intends to pay special, one-time dividends to its shareholders of 2.03 billion dirhams (4.06 fils per share) in December 2022, and will pay 3.1 billion dirhams as dividends to shareholders for the second half of 2022 in April 2023.
Follow our latest local and sports news and the latest political and economic developments via Google news