Emirates Central Cooling Systems Corporation PJSC

Logotype for Emirates Central Cooling Systems Corporation PJSC
Ticker/ISIN
EMPOWER
AEE01134E227
Market/Country
Dubai Financial Market
United Arab Emirates

About Emirates Central Cooling Systems Corporation PJSC

Empower was established on 23 November 2003 as a corporate entity pursuant to Dubai Law No. (10) of 2003 (“Law No. 10”) and amended by Dubai Law No. (3) of 2010 (“Law No. 3”) and commenced commercial operations on 15 February 2004.

On 14 October 2022, pursuant to Law No. 22 of 2022 (which repealed Decree No. 10 and any other legislation to the extent that it contradicts with its provisions) (“Law No. 22”), the Company was established in its current form, as a public joint stock company to succeed Emirates Central Cooling Systems Corporation. 

Company's Activities are detailed in AOA and Listing Prospectus.

Latest Pressrelease Summaries from Emirates Central Cooling Systems Corporation PJSC

Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, reported record financial results for the third quarter of 2025. The company achieved a revenue of AED 2.586 billion, marking a 5.5% growth, and a pre-tax net profit of AED 757 million, reflecting a 5.3% increase compared to the same period last year. Empower attributes this growth to increased demand for its services in Dubai, driven by the real estate sector and new development projects. The company continues to expand its operations and adopt environmentally friendly cooling solutions. Empower's CEO, Ahmad Bin Shafar, emphasized the company's commitment to sustainability and its role in supporting Dubai's development goals and the UAE's Net Zero 2050 targets. Over the twelve-month period ending in September 2025, Empower reported a consolidated revenue of AED 3.395 billion, a 5.5% increase from the previous year, and an EBITDA of AED 1.596 billion.
Emirates Central Cooling Systems Corporation P.J.S.C has released its interim condensed consolidated financial statements for the three-month and nine-month periods ending on September 30, 2025. These statements are unaudited.
Emirates Central Cooling Systems Corporation PJSC (Empower) has announced the construction of its second district cooling plant in Jumeirah Village, Dubai, which will have a capacity of 37,000 refrigeration tons. This project is part of Empower's plan to build six advanced district cooling plants in the area, with a total capacity of 256,000 RT. The new plant will utilize advanced cooling technologies and integrate Thermal Energy Storage and Treated Sewage Effluent technologies to enhance efficiency. Empower's CEO, Ahmad Bin Shafar, highlighted the company's commitment to expanding its operations and supporting Dubai's sustainability goals.
Empower, the world's largest district cooling services provider, is enhancing its collaboration with Yokogawa Electric Corporation to improve efficiency and sustainability in district cooling systems. A meeting at Empower's headquarters in Dubai discussed future partnerships in advanced cooling solutions. Empower's CEO, Ahmad Bin Shafar, highlighted the company's achievements, including 86 new contracts in the first half of the year, expanding its capacity to 1.86 million refrigeration tons (RT) and serving 1,684 buildings. The collaboration with Yokogawa has already resulted in Yokogawa upgrading Empower's Building Management Systems and conducting a successful energy-saving pilot study. The partnership aligns with Empower's vision to support the UAE's Net Zero 2050 Strategy through smart technologies and advanced infrastructure. Yokogawa, a leader in industrial automation and digital transformation, has been active in the Middle East and Africa for over 35 years.
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.
Ahmad bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), delivered the opening keynote at the ASHRAE Conference and Exhibition, HVACR Nexus 2025, in Dubai. He emphasized the importance of district cooling systems in enhancing energy efficiency and sustainability. Empower, the largest provider of district cooling services globally, participated in the event to strengthen alliances and support sustainable development initiatives. The company highlighted its achievements, including a connected capacity exceeding 1.6 million refrigeration tons and servicing 1,684 buildings. Empower collaborates with ASHRAE on publishing global guidelines and developing next-generation district cooling systems to improve energy efficiency. The participation aligns with Empower's strategy to support innovation and sustainability, contributing to Dubai's goals for carbon neutrality by 2050.
Emirates Central Cooling Systems Corporation (Empower), the largest provider of district cooling services globally, will participate as a strategic sponsor in the 27th Water, Energy, Technology, and Environment Exhibition (WETEX 2025) in Dubai. Organized by the Dubai Electricity and Water Authority, the event will occur from September 30 to October 2, 2025. Empower aims to showcase its advancements in district cooling technology and its role in reducing carbon emissions. The company will highlight its major projects, including the Business Bay district cooling project, which holds two Guinness World Records. Empower's participation underscores its commitment to advancing the district cooling sector and supporting Dubai's and the UAE's sustainability goals.
Emirates Central Cooling Systems Corporation PJSC (Empower) concluded its summer campaign 'Set and Save at 24°C', which ran from June to September 2025, achieving the highest community engagement in over a decade. The campaign encouraged approximately 148,000 customers to set their air conditioner thermostats to 24°C to reduce district cooling consumption. This initiative helped raise awareness about optimized energy use and supported customers in lowering their energy bills, fulfilling Empower's social responsibility to promote responsible energy consumption. Empower's CEO, H.E. Ahmad bin Shafar, highlighted the campaign's success in increasing awareness and contributing to environmental goals by optimizing energy resources and reducing carbon emissions. The campaign is part of Empower's ongoing commitment to sustainability and energy efficiency, supporting the UAE's vision of a low-carbon economy. Empower also maintained efficient district cooling services throughout the summer without disruptions, despite high temperatures.

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News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Ahmad bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), delivered the opening keynote at the ASHRAE Conference and Exhibition, HVACR Nexus 2025, in Dubai. He emphasized the importance of district cooling systems in enhancing energy efficiency and sustainability. Empower, the largest provider of district cooling services globally, participated in the event to strengthen alliances and support sustainable development initiatives. The company highlighted its achievements, including a connected capacity exceeding 1.6 million refrigeration tons and servicing 1,684 buildings. Empower collaborates with ASHRAE on publishing global guidelines and developing next-generation district cooling systems to improve energy efficiency. The participation aligns with Empower's strategy to support innovation and sustainability, contributing to Dubai's goals for carbon neutrality by 2050.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation (Empower), the largest provider of district cooling services globally, will participate as a strategic sponsor in the 27th Water, Energy, Technology, and Environment Exhibition (WETEX 2025) in Dubai. Organized by the Dubai Electricity and Water Authority, the event will occur from September 30 to October 2, 2025. Empower aims to showcase its advancements in district cooling technology and its role in reducing carbon emissions. The company will highlight its major projects, including the Business Bay district cooling project, which holds two Guinness World Records. Empower's participation underscores its commitment to advancing the district cooling sector and supporting Dubai's and the UAE's sustainability goals.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower) concluded its summer campaign 'Set and Save at 24°C', which ran from June to September 2025, achieving the highest community engagement in over a decade. The campaign encouraged approximately 148,000 customers to set their air conditioner thermostats to 24°C to reduce district cooling consumption. This initiative helped raise awareness about optimized energy use and supported customers in lowering their energy bills, fulfilling Empower's social responsibility to promote responsible energy consumption. Empower's CEO, H.E. Ahmad bin Shafar, highlighted the campaign's success in increasing awareness and contributing to environmental goals by optimizing energy resources and reducing carbon emissions. The campaign is part of Empower's ongoing commitment to sustainability and energy efficiency, supporting the UAE's vision of a low-carbon economy. Empower also maintained efficient district cooling services throughout the summer without disruptions, despite high temperatures.

1. Attached Document

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), participated in the International Energy Leadership Programme organized by the UAE's Ministry of Cabinet Affairs. The event included 30 senior energy leaders from 19 countries and aimed to enhance leadership skills and share successful energy models. Bin Shafar presented on the UAE's district cooling experience, highlighting Empower's role as the world's largest district cooling provider. He emphasized the company's achievements in reducing carbon emissions and saving electricity, contributing to Dubai's reputation for innovative and sustainable solutions. The programme served as a platform for global knowledge exchange and reinforced the UAE's commitment to fostering international partnerships for a sustainable future.

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News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Announcement Regarding the Opening of the Nomination for Board Membership

Emirates Central Cooling Systems Corporation PJSC (Empower) has announced the opening of nominations for its Board of Directors. The nomination period is from September 17, 2025, to September 29, 2025. Seven board members will be elected. Interested individuals or shareholders who meet the criteria can nominate themselves by submitting the required forms and documents via email. Candidates' details will be published on the company's website before the General Assembly meeting on October 9, 2025. Once the nomination period ends, candidates cannot transfer their nomination. The list of candidates will be shared with the Securities & Commodities Authority and the Dubai Financial Market. Candidates must have relevant experience, a clean professional record, and meet other specified criteria. Selected candidates may be interviewed by the Nomination and Remuneration Committee.

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News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Invitation of General Assembly

The text is a proxy form for shareholders of Emirates Central Cooling Systems Corporation PJSC to appoint a representative to vote on their behalf at the General Assembly meeting scheduled for October 9, 2025, or any adjourned meeting. The form requires the shareholder's number, contact details, date, signature, and the name and contact details of the financial broker or entity that verified the proxy.

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News Update From Emirates Central Cooling Systems Corporation PJSC

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H.E. Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), met with Fares Jadue, Mayor of Recoleta, Chile, during the International District Energy Conference for Latin America and the Caribbean in Santiago. They discussed developments in the district cooling sector and emphasized its importance for sustainable development and reducing carbon emissions. Bin Shafar expressed Empower's commitment to sharing expertise and supporting the development of a district cooling system in Recoleta. The meeting aimed to strengthen cooperation and exchange knowledge in sustainable energy solutions. Bin Shafar also presented the Mayor with a book by Sheikh Mohammed bin Rashid Al Maktoum, reflecting the UAE's approach to innovation and leadership.

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News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

H.E. Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), participated as a keynote speaker at the International District Energy Conference for Latin America and the Caribbean (LAC 2025) in Santiago, Chile. He emphasized the importance of district cooling in achieving global sustainability goals, highlighting its ability to reduce carbon emissions by using 50% less energy than conventional methods. Bin Shafar showcased Dubai and the UAE's achievements in district cooling and shared Empower's success story, noting its growth into the world's largest district cooling services provider. He attributed this success to strategic vision, government support, and investment in infrastructure and technology. Bin Shafar also participated in a panel discussion on sustainable energy, stressing the need for district energy solutions to address environmental challenges. The conference was organized by Chile's Ministry of Energy and the Sustainable Energy Agency, with support from various international organizations.

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News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Results of Board Decisions by Passing

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News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Board Decisions by Passing

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