Emirates Central Cooling Systems Corporation (Empower) has approved a cash dividend of AED437.5 million for the first half of 2025, reflecting 4.375 fils per share or 43.75 percent of the company’s paid-up capital.
The decision was made during the company’s General Assembly meeting on Thursday, chaired by Saeed Mohammed Al Tayer, Chairman of the Board of Directors, with CEO Ahmad bin Shafar and other members in attendance.
Shareholders also approved all agenda items and elected a new Board of Directors for the 2025–2028 term. The board includes Saeed Mohammed Al Tayer, Amit Kaushal, Issam Kazim, Fatma Belrehif, Hussain Lootah, Majed Al Joker, and Nasser Lootah.
The approved dividend follows Empower’s strong financial performance in the first half of the year, announced in August. The company reported revenues of AED1.45 billion and a net profit of AED403 million, underscoring its leadership in Dubai’s district cooling sector.
Al Tayer said the dividend approval reflects Empower’s consistent growth and commitment to value creation, supported by a robust business model that strengthens Dubai’s position as a global leader in sustainable district cooling.
Dividend distribution will follow Empower’s established policy and is expected to reinforce investor confidence as the company continues to deliver strong operational and financial results.
News Source: Emirates News Agency
