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Economy Politics Local January 28, 2025

DEWA Informs Dubai Financial Market

Dubai Electricity and Water Authority (DEWA) has officially notified the Dubai Financial Market regarding significant developments in its operations, reflecting the authority's continuous commitment to transparency and regulatory compliance.

DEWA Informs Dubai Financial Market

The Dubai Electricity and Water Authority (DEWA) informed the Dubai Financial Market of its decision to increase its capital by 82.5 million US dollars. This increase will come through the issuance of additional shares in favor of the Dubai Government's Control Fund.

According to the general director of DEWA, this decision is aimed at supporting the company’s development programs and its strategic projects. Additionally, this capital increase will help meet capitalization requirements set by the established regulations and ensure the stability of the company’s financial position as a whole.

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