Latest Threads on News from companies

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.

The Board of Directors of Orient Insurance (PJSC) invites shareholders to attend the General Assembly Meeting on October 9, 2025, at 11:00 AM. The meeting will be held at the Orient building in Dubai and online via the Teams platform. The agenda includes electing new members to the Board of Directors. Shareholders may delegate their attendance rights to others, provided the proxy does not represent more than 5% of the company's shares. Corporate entities can delegate a representative to attend. Shareholders can participate in person or via Teams to discuss agenda items, ask questions, and vote. Relevant governance requirements will be observed.

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.

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.

Sean Magee, Secretary of the Board of Directors, addressed a notice dated 16 September 2025 to Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Hamid Ali, CEO of the Dubai Financial Market. The letter confirms the completion of contractual procedures for the Palm Jebel Ali project in Dubai, following a previous disclosure on 17 March 2025. The project, involving a long-term exclusive district cooling concession, has been awarded to PJA District Cooling OPCO L.L.C., a special purpose vehicle created by the National Central Cooling Company PJSC and Dubai Holding. The project will be executed in multiple phases with an expected cooling capacity of approximately 250,000 RTs, and construction for the initial phase is currently underway. The company commits to keeping the market informed with timely updates as the project progresses and invites further inquiries.

Deyaar Development PJSC has appointed Bassam El Ghawi as its new Chief Financial Officer. Previously, El Ghawi served as the Chief Audit Executive at Deyaar and has over 30 years of experience in auditing, risk management, governance, compliance, and financial operations. He has held leadership roles at Union Properties, Arabtec Holding, and Dubai Airports. His appointment is part of Deyaar's strategy to enhance its financial structure and achieve long-term operational excellence. The company's leadership expressed confidence in El Ghawi's ability to support Deyaar's growth and strengthen its financial initiatives. El Ghawi looks forward to implementing financial strategies that align with Deyaar's vision.