emirates7 - MSCI Inc., a prominent provider of critical decision-making tools for the global investment sector, has announced that Dubai Electricity and Water Authority PJSC (DEWA)—Dubai’s sole electricity and water utility and a listed company on the Dubai Financial Market (DFM)—will be included in the MSCI Emerging Markets Index, effective after the market closes on May 30, 2025.
Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, stated, “DEWA remains dedicated to innovation and sustainability, guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, along with the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai’s Executive Council, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance.
“Thanks to their leadership, DEWA has become the largest listed entity on the Dubai Financial Market, with a market capitalisation of over AED130 billion.”
Al Tayer described the MSCI index inclusion as a key milestone in DEWA’s journey as a public company, enhancing its profile on the global investment landscape. He noted that DEWA was one of the largest additions to the index in terms of full market capitalisation. This recognition places DEWA among a group of emerging market firms that attract international investors for their stability, scale, and strong prospects for sustainable growth. He emphasized DEWA’s track record of reliable dividends, progress toward clean energy goals, and contributions to Dubai’s net zero strategy, all of which make it an attractive long-term investment. Al Tayer affirmed that DEWA adheres to international best practices in governance and operations and remains focused on consistent growth, excellence in performance, and delivering long-term value to its stakeholders.
The MSCI Emerging Markets Index is a globally recognized benchmark representing large- and mid-cap companies across 24 emerging economies, including China, India, Brazil, Saudi Arabia, and the UAE. It includes more than 1,400 companies and underpins around US$7 trillion in assets. The index is widely followed by passive investment vehicles and institutional investors. Inclusion in the index often leads to automatic investment from index-tracking funds, which in turn can result in sustained buying interest in the newly added stock.
DEWA was one of several UAE-based companies added during this index review, highlighting the growing significance of the UAE’s financial markets and the rising investor appetite for infrastructure assets that offer stable returns.
As a new component of the index, DEWA is expected to benefit from higher visibility, improved trading activity, and passive inflows from index-based funds. Such inclusions typically generate demand from funds that replicate MSCI indices. Market analysts believe DEWA could attract substantial investment from global fund managers, further increasing foreign ownership and enhancing liquidity.
This development marks a major achievement in DEWA’s post-IPO journey and strengthens the role of UAE-listed firms in global emerging market benchmarks. DEWA's 2022 listing was one of the largest IPOs in the region, and its addition to the MSCI Emerging Markets Index adds further momentum to its capital markets trajectory.
Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, stated, “DEWA remains dedicated to innovation and sustainability, guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, along with the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai’s Executive Council, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance.
“Thanks to their leadership, DEWA has become the largest listed entity on the Dubai Financial Market, with a market capitalisation of over AED130 billion.”
Al Tayer described the MSCI index inclusion as a key milestone in DEWA’s journey as a public company, enhancing its profile on the global investment landscape. He noted that DEWA was one of the largest additions to the index in terms of full market capitalisation. This recognition places DEWA among a group of emerging market firms that attract international investors for their stability, scale, and strong prospects for sustainable growth. He emphasized DEWA’s track record of reliable dividends, progress toward clean energy goals, and contributions to Dubai’s net zero strategy, all of which make it an attractive long-term investment. Al Tayer affirmed that DEWA adheres to international best practices in governance and operations and remains focused on consistent growth, excellence in performance, and delivering long-term value to its stakeholders.
The MSCI Emerging Markets Index is a globally recognized benchmark representing large- and mid-cap companies across 24 emerging economies, including China, India, Brazil, Saudi Arabia, and the UAE. It includes more than 1,400 companies and underpins around US$7 trillion in assets. The index is widely followed by passive investment vehicles and institutional investors. Inclusion in the index often leads to automatic investment from index-tracking funds, which in turn can result in sustained buying interest in the newly added stock.
DEWA was one of several UAE-based companies added during this index review, highlighting the growing significance of the UAE’s financial markets and the rising investor appetite for infrastructure assets that offer stable returns.
As a new component of the index, DEWA is expected to benefit from higher visibility, improved trading activity, and passive inflows from index-based funds. Such inclusions typically generate demand from funds that replicate MSCI indices. Market analysts believe DEWA could attract substantial investment from global fund managers, further increasing foreign ownership and enhancing liquidity.
This development marks a major achievement in DEWA’s post-IPO journey and strengthens the role of UAE-listed firms in global emerging market benchmarks. DEWA's 2022 listing was one of the largest IPOs in the region, and its addition to the MSCI Emerging Markets Index adds further momentum to its capital markets trajectory.