Emirates
Summary
The General Assembly of Emirates Central Cooling Systems Corporation (Empower), in a meeting convened with a quorum of 86.82 percent of the Company's paid-up share capital, approved the Board's proposal on the distribution of cash dividends to shareholders in a total amount of AED 425 million (AED 0.0425 per share, representing an equivalent to 42.5 percent of the company's paid-up capital).
The dividends are approved for the second half of the year 2022, and are set to be paid to shareholders in the month of April of 2023.
On his part, Ahmad bin Shafar, CEO of Empower, stated, "The continuous support that Empower has received from our wise leadership, since the establishment of the Company until its listing in the Dubai Financial Market, was and continues to be the contributor for its success in achieving international leadership in one of the most vital and strategic industries in the world. It has also a vital role in the successful privatization program in Dubai, and its presence in one of the most prosperous financial markets at the world level."
Ahmad bin Shafar explained that Empower is grateful to its shareholders who have put their trust in it with certainty that it will continue its growth, prosperity and strong performance, now and in the future. He stressed that the Empower will continue to grow in 2023, especially as Empower is determined to increase its market share within the country, driven by an innovative strategy and a unique and sustainable business model.
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