Dubai: MSCI Inc., a prominent provider of decision support tools and services for the investment community, announced that Dubai Electricity and Water Authority PJSC (DEWA) has been added to the MSCI Emerging Markets Index. DEWA, the sole provider of electricity and water services in Dubai and listed on the Dubai Financial Market, joined the index following the market close on May 30, 2025. According to Emirates News Agency, Saeed Mohammed Al Tayer, Vice Chairman and MD and CEO of DEWA, expressed the company's commitment to innovation and sustainability, inspired by the vision and directives of Dubai's leadership. He highlighted DEWA's standing as the largest listed company on the Dubai Financial Market, with a market capitalisation exceeding AED130 billion. Al Tayer emphasized that DEWA's inclusion in the MSCI Emerging Markets Index is a pivotal milestone, underscoring its growing importance on the global investment stage. The MSCI Emerging Markets Index is a key benchmark, representing large- and mid-cap companies across 24 emerging markets, including the UAE. With over 1,400 constituents and nearly US$7 trillion in assets benchmarked to it, the index is widely followed by passive funds and institutional investors. DEWA's addition to the index is expected to bring automatic capital inflows from index-linked funds, creating steady demand for the stock. DEWA's inclusion highlights the increasing significance of the UAE's capital markets and the growing interest in stable, dividend-yielding infrastructure assets in the region. As a new member of the index, DEWA is anticipated to gain increased visibility, trading liquidity, and passive inflows from investment products. Analysts predict that DEWA could attract significant inflows from global asset managers, enhancing foreign participation and market liquidity. This inclusion marks a significant milestone in DEWA's journey as a publicly listed company, following its major IPO in 2022. It reinforces the presence of UAE-based companies in global emerging market be nchmarks and adds momentum to DEWA's evolution in the public market.
