The Dubai Electricity and Water Authority (DEWA) has officially joined the MSCI Emerging Markets Index, a globally respected benchmark for institutional investors. This change will take effect from the market close on 30 May 2025, as confirmed by MSCI Inc., a leading provider of global financial indices.
DEWA, the sole provider of electricity and water in Dubai, is also the largest listed company on the Dubai Financial Market (DFM). Its market capitalisation now exceeds AED130 billion.
Global Recognition of DEWA’s Financial Strength
Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, highlighted the importance of the milestone:
“Our inclusion in the MSCI Emerging Markets Index marks a pivotal moment in DEWA’s journey as a public company. It reinforces our growing importance on the global investment stage. DEWA was among the largest additions to the index by full market capitalisation.”
Al Tayer credited the leadership vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, along with support from H.H. Sheikh Hamdan bin Mohammed and H.H. Sheikh Maktoum bin Mohammed. He also noted that DEWA’s strong fundamentals—built on stable dividends, clean energy transition, and high governance standards—make it attractive to long-term global investors.
“We remain committed to consistent growth and operational excellence. Our goal is to deliver long-term value to all stakeholders.”
Stronger Global Exposure and Capital Flows
The MSCI Emerging Markets Index tracks large- and mid-cap companies across 24 markets, including China, India, Brazil, Saudi Arabia, and the UAE. It features more than 1,400 stocks and represents over US$7 trillion in benchmarked assets.
DEWA’s inclusion is expected to:
- Attract passive capital inflows from index-linked funds
- Improve stock liquidity and market visibility
- Increase foreign investment participation
Financial analysts expect steady demand from global asset managers. This could enhance price stability while deepening foreign investor interest in UAE-listed infrastructure stocks.
Building on a Strong IPO Legacy
DEWA’s 2022 IPO was one of the largest listings in the region, drawing significant investor interest. Joining the MSCI index adds to this momentum and reaffirms DEWA’s leadership in sustainable infrastructure and clean energy.
The move also strengthens the UAE’s role in global capital markets and supports Dubai’s ambition to become a top financial centre.
