The General Assembly of Emirates Central Cooling Systems Corporation (Empower) has approved a cash dividend of AED437.5 million ($119.1 million) for the first half of 2025. This payout equals 4.375 fils per share, representing 43.75 percent of the company’s paid-up capital.
The meeting, held on Thursday, was chaired by Saeed Mohammed Al Tayer, Chairman of the Board of Directors, alongside Ahmad bin Shafar, CEO, and other board members. Shareholders also elected a new Board of Directors for the 2025–2028 term, including Saeed Mohammed Al Tayer, Amit Kaushal, Issam Kazim, Fatma Belrehif, Hussain Lootah, Majed Al Joker, and Nasser Lootah.
Strong Financial Performance in H1 2025
Empower reported revenues of AED1.45 billion and a net profit of AED403 million for the first half of 2025, reflecting continued growth in the district cooling sector. The dividend distribution aligns with the company’s established policy to reward shareholders while maintaining investment in expansion projects.
Al Tayer said the decision “underscores Empower’s continued success in delivering growing results. This achievement is supported by our pioneering business model, which further enhances Dubai’s position as a global hub for district cooling.”
Expansion Projects Reinforce Growth Strategy
Earlier this year, Empower announced a new district cooling plant in the Al Sufouh 2 area, designed with a cooling capacity of 23,400 Refrigeration Tons (RT). Construction is expected to begin in the fourth quarter of 2025, reinforcing the company’s commitment to expanding its infrastructure to meet Dubai’s growing urban and commercial needs.
With robust financial results, shareholder confidence, and ongoing infrastructure development, Empower continues to strengthen its leadership as the world’s largest district cooling provider while contributing to Dubai’s sustainable growth agenda.
