Empower approves the distribution of dividends of 4.375 fils per share

During its meeting yesterday, with a quorum of 88.3%, the General Assembly of the Emirates Central Cooling Systems Corporation (Empower) approved 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.

During the meeting, chaired by the Chairman of the Board of Directors, Saeed Mohammed Al Tayer, and in the presence of the CEO of Empower, Ahmed bin Shafar, and members of the Board of Directors, the company’s shareholders approved the various agenda items and elected the new Board of Directors for the term (2025-2028), which includes: Saeed Mohammed Al Tayer, Amit Kaushal, Issam Kazim, Fatima Belraheef, Hussein Lootah, Majid Al Joker, and Nasser. Lootah.

Empower’s results for the first half of 2025 showed a distinguished performance, recording revenues amounting to more than 1.45 billion dirhams, while net profits amounted to 403 million dirhams.

Al Tayer said: “The General Assembly’s approval of the distribution of cash dividends worth 437.5 million dirhams, at a rate of 43.75% of the paid-up capital, comes to embody 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.” He added: “Empower is moving forward with confident steps towards strengthening its global leadership as the largest provider of district cooling services in the world, through thoughtful, proactive expansion plans that meet the growing demand for its services and improve the quality of what it provides to its customers.”

In turn, Bin Shafar said: “Empower’s strong and continuous growth confirms the strength of our business model and our operational efficiency, driven by the increasing demand for district cooling services from various sectors.”