Empower’s annual revenue up 8.7% in 2023

UAE’s Empower posts Dhs3bn in full-year revenue

The Dubai-listed firm proposed a final dividend of Dhs425m for 2023, which will be paid by April 2024

Empower posts Dhs2.27bn in nine-month revenue

UAE’s Empower posts Dhs2.27bn in nine-month revenue

The cooling firm reported a net profit of Dhs685m during the period under review and paid a cash dividend of Dhs425m for the first half of 2023

Empower plant Image WAM-e1684523583814

Empower launches new plans, policies to drive sustainable operations

Empower has saved 412 million imperial gallons of fresh water in 2022 by using recycled water in its operations

Empower adds DXB to its portfolio

Empower adds Dubai International Airport to its district cooling portfolio

The total capacity of the plants is equivalent to 11 times the consumption of the world’s tallest tower, the Burj Khalifa

Empower modernise JBR plant

Empower to invest $27.8m to upgrade JBR cooling plant

The upgrade will contribute to achieving savings in energy, increasing efficiency and significantly reducing carbon emissions

Empower plant

Shareholders of Dubai’s Empower approve $116m dividend

The company’s full-year net profit jumped by 7 per cent year-on-year to Dhs1bn in 2022 while its revenues reached Dhs2.8bn


Empower to invest Dhs450m to serve over 43 buildings in DMC

The company will provide its services with a cooling capacity of 63,000 refrigeration tonnes

empower Dubai

Dubai: Empower’s net profit tops Dhs1bn for 2022

The company proposed a dividend amount of Dhs425m for the second half of 2022


Empower rises in Dubai trading debut after $724m IPO

Empower is Dubai’s fourth privatisation in recent months


Dubai’s Empower increases IPO stake size from 10% to 15%

The company’s market capitalisation at listing is expected to be between $3.56bn and $3.62bn

Empower reports robust growth of 41.3%

Dubai seeks to raise $362m from district cooling firm IPO

Empower will start taking investor orders for the IPO from Monday, with final pricing scheduled for November 9

Dubai district cooling firm Empower to sell 10% stake in IPO

The firm has said it expects the minimum dividend to remain at $231m annually for two years after the IPO

Empower reports robust growth of 41.3%

Empower reports 41.3% rise in buildings using district cooling over last five years

Among the buildings that are serviced within Empower’s portfolio, the residential sector tops the list of the company’s clients with 64 per cent

Dubai plans to list district cooling firm Empower in IPO push

The government said last month it wants to sell shares in 10 companies, and it has been encouraging private and family-owned businesses to follow suit


Dubai’s Empower awards contracts worth Dhs217m in Q1 2021

The contracts were awarded primarily for the development of company’s district cooling infrastructure in Dubai