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DUBAI - MSCI Inc. (NYSE:MSCI), a provider of investment support tools, has included Dubai Electricity and Water Authority PJSC (Symbol: DEWA) in the MSCI Emerging Markets Index, effective from the market close on May 30, 2025. DEWA, the sole electricity and water provider for Dubai and listed on the Dubai Financial Market, has demonstrated remarkable market performance with a 186% return over the past year according to InvestingPro data. With a market capitalization of $415.48 million and a current P/E ratio of 58.08, DEWA stands as a significant player on the exchange.
The inclusion of DEWA in the MSCI Emerging Markets Index is a significant event for the company, highlighting its growing importance to global investors. The index serves as a global benchmark that captures large- and mid-cap representation across 24 emerging markets, with over 1,400 constituents. Approximately US$7 trillion in assets are benchmarked to this index, which is followed by passive funds and institutional investors around the world. InvestingPro analysis reveals the company maintains a healthy current ratio of 1.05 and generates EBITDA of $52.84 million, with an overall Financial Health score rated as GOOD.
DEWA’s addition to the index is expected to increase the company’s visibility, improve trading liquidity, and attract passive inflows from index-linked investment products. The inclusion often results in buying activity from passive investment funds that replicate the MSCI benchmarks.
HE Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, stated that the company’s inclusion marks a pivotal milestone in its journey as a publicly listed entity and reinforces its relevance in the global investment landscape. DEWA was among the largest additions to the index by full company market capitalization.
Al Tayer emphasized DEWA’s commitment to delivering consistent growth and long-term value to stakeholders, noting the company’s strong track record in predictable dividends, advancing clean energy targets, and supporting Dubai’s net zero ambitions. He also mentioned that DEWA’s fundamentals, governance, and operating standards reflect global best practices.
The MSCI Emerging Markets Index’s role in shaping investment flows is significant, as being added can trigger automatic capital inflows from passive investment vehicles and index-linked funds that replicate the index composition, creating a steady demand for the stock from the date of inclusion.
This development is based on a press release statement, and it indicates that DEWA is now positioned among other emerging market companies that are recognized for their stability, scale, and sustainable growth outlook. With a beta of -0.08, the stock typically moves independently of market trends, offering potential diversification benefits. For deeper insights into DEWA’s valuation and growth prospects, investors can access additional analysis and 16 exclusive ProTips through InvestingPro’s comprehensive financial analysis platform.
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