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The document is a review report and condensed interim financial statements for Dubai Refreshment (P.J.S.C.) for the three months ending on March 31, 2025.
On 29 April 2025, a Board of Directors meeting for Dubai Refreshment P.J.S.C was held at the company's main office in Dubai Investment Park 2, Dubai, and through online video technology. During the meeting, the Board approved the interim financial statements for the first quarter of 2025 and discussed other internal matters, making appropriate decisions regarding them. The letter was signed by Karem Mahmoud, Director of Legal Affairs, and addressed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market.
Empower, the world's largest district cooling services provider, supplies energy-efficient cooling to 22% of Dubai's hotels and hotel apartments. At the Arabian Travel Market 2025, industry leaders praised Empower's role in promoting sustainability and reducing carbon footprints in the hospitality sector. Empower's CEO, Ahmad Bin Shafar, highlighted the company's commitment to supporting sustainable practices in line with national tourism and sustainability strategies, including the UAE Tourism Strategy 2031. Empower's services are utilized by prominent hotels in key areas of Dubai. Bin Shafar emphasized the growing recognition of sustainability's importance for long-term business growth and the associated benefits. The Arabian Travel Market 2025 also reflects this focus on sustainability with its theme, "Empowering Global Travel: Shaping the Future of Tourism through Connectivity."