DEWA was created in 1992 as a result of the merger of the Dubai Electricity Company and the Dubai Water Department, which were each established in 1959 by H.H. Sheikh Rashid bin Saeed Al Maktoum, the then Ruler of Dubai. Both organizations were established with the objective of providing Dubai with an adequate and reliable source of electricity and water. Today DEWA is well known for its service efficiency and reliability that meets the growing demands of consumers. Pursuant to Ruler of Dubai law No. 27 of 2021, which came into effect on 30 December 2021 (and repealed Ruler of Dubai Law No. (1) of 1992 concerning the Formation of Dubai Electricity and Water Authority), DEWA was converted to a public joint stock company. On 12 April 2022, the Government listed a total of 9 billion ordinary shares of DEWA (representing 18% of DEWA’s issued share capital) on the Dubai Financial Market. DEWA is the major shareholder of Empower.
