They partnered to lead global expansion of the cooling sector.

Firm paid cash dividend of US$115 million.

Dubai, UAE - Brokerage firms in the Dubai Financial Market (DFM) witnessed a substantial influx of New Investor Numbers (NIN), totaling 34,818 during the first eight months of the current fiscal year.This surge comes amidst heightened market activity following the listing of ten government and semi-government entities, including the Dubai...

The company’s EBITDA in H1 2023 was US$178 million.

Dubai, UAE - The Dubai Financial Market (DFM) on Monday announced the offering of futures contracts on its General Index (DFMGI), which includes the most liquid and largest companies listed on the DFM. The listing and trading of DFMGI futures commenced on Monday.Trading futures contracts on the DFMGI offers investors...

The airport's cooling systems have a total capacity of 110,000 RTs.

The amount makes 42.5% of the company's paid-up capital.

Firm has proposed dividend of S$115 million for 2nd half 2022.

The total offering size expected between $357m and $362m.

It received a dividend of $553m from its subsidiary, EMPOWER.

Empower will make 1 bn shares, each valued AED0.10, available in IPO.

The UAE highlighted the significance of complying with international work standards and developing partnerships that empower countries to overcome the future challenges of the labor markets across the globe.

Empower revealed this at the launch of the ‘Arabian Travel Market 2022’, which is being held at the Dubai World Trade Centre.

The growth in Dubai cooling network occurred between 2018 and 2021.

The IPO size implies a market capitalization at listing of between $30.63 billion and $33.76 billion, which would make DEWA, the exclusive provider of electricity and potable water in Dubai, as the largest company on the Dubai Financial Market by market capitalization.

The dividend is 53.4 percent of the net profit earned by the firm last fiscal.

Emirates Central Cooling Systems Corporation (Empower) has started operating the first phase of its new District Cooling plant in Za’abeel, Dubai, with a cooling capacity of 27,750 refrigeration tonnes (RT).

Empower is the world’s largest district cooling services provider.

The deal is valued at AED1.1 billion ($300 million).

Empower is servicing 3,850 RT at the skyscraper.

Empower will also acquire the existing cooling plant in the area.

Empower will as a result acquire all the assets of these systems.

Empower is one of the key partners for UN Environment’s District Energy in Cities initiative and an active member of the UN lead Cool Coalition initiative