Dubai Electricity General Agreement to distribute profits of 3.1 billion dirhams to shareholders

The Dubai Electricity and Water Authority announced the approval of the company’s shareholders during the General Assembly held today, to pay a total profit distributions of 3.1 billion dirhams for the second half of 2024, for the shareholders registered on March 31, 2025.

The meeting was chaired by Matar Hamid Al -Tayer, Chairman of the Dubai Electricity and Water Authority, attended by Saeed Mohammed Al Tayer, Managing Director, CEO of Dubai Electricity and Water Authority and members of the Authority’s Board of Directors, and 92.2% of shareholders.

During the meeting, a board of directors was elected for the three years.

Matar Hamid Al -Tayer said that Dubai continues to consolidate its pioneering position globally in economic growth, sustainability and innovation, and in the Dubai Electricity and Water Authority, we are proud to be an essential part of this success, as the authority plays a pivotal role in ensuring the readiness of energy and water infrastructure to support the accelerating development process in Dubai.

For his part, Said Mohammed Al -Tayer said that in 2024, the Dubai Electricity and Water Authority group achieved a strong performance, as it recorded an assembled revenue of 30.98 billion dirhams, profits before interest, taxes, depreciation and debt consumption of 15.73 billion dirhams, and net profits after the tax at a value of 7.23 billion dirhams.

He added that the authority provides its services to more than 1.27 million customer accounts, expressing pride in achieving the minimum loss in the electricity network worldwide by 2%, the lowest rate in the water network worldwide by 4.5%, and the lowest period of electricity interruption in the world at a rate of less than one minute annually per subscriber.

He expressed his optimism about the horizons of 2025, which is strengthened by the continued growth of tourist, residential, commercial, and industrial sectors, as well as the increasing number of those present in Dubai during the daylight hours, the opportunities for business expansion and infrastructure development.