Dubai Electricity and Water Authority Joins MSCI Emerging Markets Index

Strategic Insights -

Dubai Electricity and Water Authority PJSC (DEWA), the Emirate of Dubai's exclusive electricity and water services provider, has been added to the MSCI Emerging Markets Index, effective as of the market close on 30 May 2025. This move marks a significant milestone for DEWA, positioning it among a select group of emerging market companies sought after by international investors for their stability, scale, and sustainable growth outlook.

Key Takeaways:

  • DEWA is the largest listed company on the Dubai Financial Market, with a market capitalization exceeding AED 130 billion.
  • The company's inclusion in the MSCI Emerging Markets Index was among the largest additions to the index, measured by full company market capitalization.
  • DEWA offers a compelling proposition for long-term global capital, with a strong track record of delivering predictable dividends, advancing clean energy targets, and supporting Dubai's net zero ambitions.
  • The company's fundamentals, governance, and operating standards reflect global best practices.
  • DEWA is expected to benefit from increased visibility, enhanced trading liquidity, and passive inflows from index-linked investment products.
  • Index inclusion typically prompts buying activity from passive investment funds that mirror MSCI benchmarks.

Statistics:

  • The MSCI Emerging Markets Index captures large- and mid-cap representation across 24 emerging markets, including China, India, Brazil, Saudi Arabia, and the United Arab Emirates.
  • The index has over 1,400 constituents and approximately US$7 trillion in assets benchmarked to it.
  • The index is widely tracked by passive funds that replicate the performance of market index, and institutional investors worldwide.
  • DEWA's market capitalization exceeds AED 130 billion.
  • The company has a strong track record of delivering predictable dividends, with over 10 years of consistent dividend payments.

Sources:

  • BusinessWire (https://www.businesswire.com/news/home/20250514839494/en/)