"Empower" It approves the distribution of cash dividends of 437.5 million dirhams for the first half
Dubai, 9 October / WAM / The General Assembly of the Emirates Central Cooling Systems Corporation “Empower”, listed on the Dubai Financial Market, approved with a quorum of 88.3% the Board of Directors’ proposal regarding the distribution of cash dividends to shareholders, for the first half of 2025, in a total amount of 437.5 million dirhams, at 4.375 fils per share, equivalent to 43.75% of the company’s paid-up capital.
His Excellency Saeed Mohammed Al Tayer, Chairman of the Board of Directors, chaired the meeting held today in Dubai, in the presence of His Excellency Ahmed bin Shafar, CEO, and members of the Empower Board of Directors.
During the meeting, the company’s shareholders approved various agenda items and elected the new Board of Directors for the “2025-2028” session, which includes His Excellency Saeed Mohammed Al Tayer, Amit Kaushal, Issam Kazim, Fatima Belraheef, Hussein Lootah, Majid Al Joker, and Nasser Lootah.
Empower’s revenues for the first half amounted to 1,453 million dirhams, while net profits amounted to 403 million dirhams. Profits will be distributed in accordance with the company’s dividend distribution policy.
His Excellency Saeed Mohammed Al Tayer, Chairman of the Board of Directors of Empower, said that the General Assembly’s approval of the distribution of cash dividends worth 437.5 million dirhams, representing 43.75% of the paid-up capital, embodies Empower’s continued success in continuing to achieve growing results, supported by a pioneering business model that enhances Dubai’s position as a global destination in the field of district cooling.
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