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Emirates Central Cooling Systems Corporation PJSC (Empower) reported record financial and operational results for 2024, with AED 3.3 billion in revenue, a 7.4% year-over-year growth, and a net profit of AED 908 million. The company achieved AED 1.56 billion in EBITDA, a 6.2% increase. Empower's portfolio included 1,637 buildings and a district cooling distribution network of over 418 kilometers, with a total contracted capacity of 1.78 million RT. In 2024, Empower signed 111 agreements for district cooling services, issued 42,735 NOCs (a 22% increase), and saw a 10% rise in district cooling service consumption. Online customer transactions grew by 11%, and electronic registrations increased by 10% to 888,860. CEO Ahmad Bin Shafar attributed the success to strategic goals aligned with Dubai's economic growth and advancements in technology and customer satisfaction.

The document is the Directors’ report and consolidated financial statements for Emirates Central Cooling Systems Corporation P.J.S.C for the year ending 31 December 2024. It provides an overview of the company's financial performance and activities during the year. The report includes detailed financial statements, outlining the company's assets, liabilities, revenues, and expenses. It also covers significant events and developments that occurred during the year, as well as the company’s future outlook and strategic direction.

The document is the report and financial statements of Emirates Investment Bank P.J.S.C. for the year ending on December 31, 2024.