Dubai - Mubasher: The shareholders of Emirates Central Cooling Systems Corporation (Empower) approved a cash dividend of AED 437.50 million for the first half (H1) of 2025.
Empower will pay out 4.37 fils per share, equivalent to 43.75% of its paid-up capital, according to a press release.
Meanwhile, the shareholders elected the company’s new board of directors for the 2025 to 2028 term at the 9 October meeting.
The newly elected board includes Saeed Mohammed Al Tayer, Amit Kaushal, Issam Kazim, Fatma Belrehif, Hussain Lootah, Majed Al Joker, and Nasser Lootah.
Saeed Mohammed Al Tayer, Chairman of Empower, stated: “Empower is steadily strengthening its global leadership as the world’s largest district cooling services provider through well-planned proactive expansions that address the growing demand for its services and elevate both the scale and quality of its customer offerings.”
“The company also continues to develop the district cooling infrastructure of Dubai by building next-generation plants distinguished by high energy efficiency and environmental sustainability,” he added.
Ahmad bin Shafar, CEO of Empower, said: “Over the past year, Empower has successfully kept pace with Dubai’s rapid economic growth, achieving its objectives and advancing its strategic plans in line with the thriving residential and commercial real estate markets, the dynamic travel and tourism sectors, and the growing entertainment industry.”
As of 30 June 2025, Empower generated net profits after tax totaling AED 402.66 million, signaling a 3.40% year-on-year (YoY) growth from AED 389.52 million.
