Empower AGM approves a dividend of Dhs437.5m

The Annual General Meeting (AGM) of the Emirates Central Cooling Systems Corporation (Empower), held with a quorum of 89.9 per cent of the company’s paid-up share capital, approved the Board of Directors’ proposal to distribute cash dividends of Dhs437.5 million (4.375 fils per share equivalent to 43.75 per cent of the company's paid-up capital) to shareholders for second half of the year 2024,

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Saeed Mohammed Al Tayer, Chairman of the Board of Directors, chaired the AGM, which was convened on Wednesday, at the Habtoor Palace Hotel in Dubai, and attended by Ahmad Bin Shafar, CEO, along with members of the Board of Directors of Empower.

The meeting reviewed the company's performance and approved the financial statements and the auditor's report for the financial year ending December 31, 2024,