Dubai - Mubasher: Emirates Central Cooling Systems Corporation (Empower) has distributed a total of AED 2.57 billion in cash dividends to shareholders between 2023 and 2025.
This reflects the company’s strong financial and operational performance since listing on the Dubai Financial Market (DFM) in November 2022, according to a press release.
Ahmad bin Shafar, CEO of Empower, commented: "Empower's rising profit results reflect the success of our business expansion and innovation strategy and reaffirm our commitment to achieving the objectives we have shared with our shareholders.”
Shafar noted: “The increase in profitability has been accompanied by the expansion of projects within our business portfolio and accelerated growth in their operational efficiency.”
“These record figures reflect the tireless efforts to enhance service infrastructure in Dubai in line with the growing demand for services,” the CEO added.
For 2025, Empower’s shareholders approved dividends of AED 875 million, distributed in two equal payments of AED 437.50 million in April and October.
The DFM-listed company also distributed AED 850 million in 2024, paid in two equal installments of AED 425 million in April and October.
A similar dividend totaling AED 850 million was paid in 2023, also split into two installments of AED 425 million each.
During 2025, Empower recorded higher net profits after tax at AED 1 billion, compared with AED 908.23 million in 2024.
