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DEWA Stock Analysis: Record 2025 Earnings, a Well-Covered Dividend, and Quiet Innovation

Dubai Electricity and Water Authority (DFM: DEWA) is the kind of stock that rarely makes for dramatic headlines — and that is precisely what makes it interesting. It is Dubai’s sole supplier of electricity and water, a near-monopoly utility with a government parent, listed on the Dubai Financial Market since its landmark 2022 IPO. In this analysis I look at …

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