Emirates Central Cooling Systems Corporation PJSC (Empower) has reaffirmed its commitment to distributing dividends to shareholders twice a year since its listing on the Dubai Financial Market in November 2022.
In a statement on Monday, the company said total dividends distributed to shareholders over the past three years have reached AED2.575 billion.
Dividend Distributions Since Listing
Ahmad Bin Shafar, Chief Executive Officer of Empower, said the company’s rising profitability reflects the success of its expansion and innovation strategy while supporting commitments made to shareholders.
He added that improved profitability has been accompanied by the expansion of projects within the company’s portfolio and increased operational efficiency.
In 2023, Empower’s General Assembly approved cash dividends of AED850 million, distributed in two equal instalments of AED425 million in April and October. The payout fulfilled the company’s commitment to semi-annual dividend distributions during the first two financial years after listing.
During the second financial year in 2024, the company maintained the same dividend structure, distributing AED850 million in two instalments of AED425 million each in April and October.
Strong Financial Performance in 2025
For 2025, shareholders approved total dividends of AED875 million, paid in two equal instalments of AED437.5 million in April and October.
The company also reported record financial performance in 2025, with annual revenue reaching AED3.419 billion, representing a 4.9 percent year-on-year increase. Meanwhile, net profit rose 10.5 percent year-on-year to AED1.004 billion.
