iPhone | iPad
Android
Huawei
More vertiports will be set up in strategic locations across Abu Dhabi, including major business hubs and tourism destinations
KT APPDOWNLOAD
Dewa stocks: Dh3.1-billion cash dividend could be up for distribution in October
The authority reports revenues of Dh12.08 billion and a net profit of Dh3.3 billion in the first half of the year
The Dubai Electricity and Water Authority (Dewa), which is listed on the Dubai Financial Market (DFM), is set to hold its first general assembly on October 10.
The assembly will vote on the recommendation of the Board of Directors concerning a cash dividend distribution of Dh3.1 billion (6.2 fils per share) for the first half of 2022, which would be paid to shareholders in October.
It will also vote on the recommendation of the board to suspend any further allocation of profit towards legal reserve, as the company’s legal reserve is currently in excess of 50 per cent of the share capital.
Dubai Electricity and Water Authority reported revenues of Dh12.08 billion and net profit of Dh3.3 billion in the first half 2022.
Any shareholder who has the right to attend the general assembly may delegate someone — from other than the board members or the staff of the company, or securities brokerage company, or its employees — to attend on his behalf as per a written delegation. A delegated person for a number of shareholders shall not have more than (five per cent) of the company issued capital after gaining that delegation. Those lacking legal capacity and are incompetent must be represented by their legal representatives.
waheedabbas@khaleejtimes.com
ALSO READ:
More news from
Kerala will decide the fate of 194 candidates as polling on all 20 parliamentary constituencies will be held in the second phase
Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
The oil and gas conglomerate and Fifa, the world governing body, sign major sponsorship agreement
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
