Empower Approves AED 437.5M Dividend, Elects New Board
Empower's General Assembly approves a significant cash dividend and elects a new Board, reflecting robust growth and strategic direction.
Summary
Empower has approved a cash dividend of AED 437.5 million for H1 2025 and elected a new Board of Directors, signaling strong financial performance and strategic growth.
Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has announced the approval of a substantial cash dividend of AED 437.5 million for the first half of 2025. This decision was made during the General Assembly Meeting held on October 9, 2025, in Dubai, which also saw the election of a new Board of Directors for the 2025–2028 term.
The meeting, chaired by HE Saeed Mohammed Al Tayer, saw a quorum of 88.3%, underscoring the confidence shareholders have in Empower's strategic direction. The approved dividend, representing 43.75% of the company's paid-up capital, is a testament to Empower's robust financial health and its ability to generate substantial returns for its investors.
Empower's CEO, Ahmad Bin Shafar, highlighted the company's continued growth, driven by increasing demand for district cooling services across various sectors. This growth is reflected in Empower's impressive financial results for the first half of 2025, with revenues reaching AED 1,453 million and a net profit of AED 403 million.
The newly elected Board of Directors includes prominent figures such as HE Saeed Mohammed Al Tayer, Mr. Amit Kaushal, Mr. Issam Kazim, Ms. Fatma Belrehif, Mr. Hussain Lootah, Mr. Majed Al Joker, and Mr. Nasser Lootah. This diverse and experienced team is expected to steer Empower towards further success, aligning with Dubai's vision of a sustainable and diversified economy.
The strategic decisions made during the General Assembly Meeting align with the visionary leadership of Dubai's rulers, emphasizing sustainability and innovation as key economic drivers. Empower's commitment to these principles positions the company as a leader in the district cooling industry, both regionally and globally.
Given Empower's strong financial performance, strategic leadership, and alignment with Dubai's economic vision, the recommendation for investors is to hold their shares. The company's trajectory suggests continued growth and profitability, making it a stable and promising investment.
Source
Summary
The General Assembly Meeting of Emirates Central Cooling Systems Corporation PJSC (Empower) approved a cash dividend of AED 437.5 million for the first half of 2025 and elected a new Board of Directors for the 2025–2028 term. The meeting, chaired by Saeed Mohammed Al Tayer and attended by CEO Ahmad Bin Shafar, reported strong financial results with revenues of AED 1,453 million and a net profit of AED 403 million for the first half of 2025. The dividend represents 43.75% of the company's paid-up capital and will be distributed according to the company's policy. The meeting highlighted Empower's growth and its role in enhancing Dubai's position as a global hub for district cooling, supported by leadership efforts to establish a sustainable and diversified economy.
