To obtain the approval of the shareholders to pay a one-time special dividend of 2.03 billion dirhams
Dubai United Arab Emirates: Dubai Electricity and Water Authority PJSC (the Authority or the Company), the exclusive provider of electricity and water services in Dubai, listed on the Dubai Financial Market under the symbol (DEWA) and the International Standard Securities Number (ISIN: AED001801011), announced that the company’s second general assembly meeting It will be held in person and virtually on Monday, December 12, 2022. During the General Assembly meeting, a vote will be held on the recommendation of the Board of Directors regarding the payment of special one-time dividends to the Authority’s shareholders, at a value of 2.03 billion dirhams. In the event of approval, 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.
His Excellency Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, indicated that the company will pay total dividends to its shareholders at a value of 8.23 billion dirhams for the year 2022, as on October 26, the authority paid dividends to shareholders for the first half of the year 2022 at a value of 3.1 billion dirhams. And it intends to pay a one-time special dividend to its shareholders of 2.03 billion dirhams (4.06 fils per share) in December 2022. The authority will also pay 3.1 billion dirhams in dividends to shareholders for the second half of 2022 in April 2023.
The details of the second general assembly meeting will be sent to the shareholders via e-mail and SMS, and whoever has the right to attend the general assembly may delegate whomever he chooses who are not members of the board of directors or employees of the company or a securities brokerage firm or its employees under a special power of attorney fixed in writing. It expressly stipulates the agent’s right to attend the meetings of the general assembly and to vote on its decisions. The agent – for a number of shareholders – must not possess in this capacity more than 5% of the company’s issued capital. Those who are incompetent or incompetent shall be represented by their legal representatives.
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For more information, please contact:
Kholoud Al Ali / Rebal Dayikh Afaf Abaza / Muhammad Mishaal
Dubai Electricity and Water Authority Hatlan Media
Tel: +971 56 3974965 / +971 50 9099819 +971 58 5680024 / +971 50 7006846 [email protected] / [email protected] [email protected] / [email protected]
For more information, please visit the Dubai Electricity and Water Authority website www.dewa.gov.ae
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