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Empower AGM approves AED 425 million dividends to shareholders

By District Energy posted 03-28-2024 15:05




The Annual General Meeting (AGM) of the Emirates Central Cooling Systems Corporation PJSC (Empower), in a meeting convened with a quorum of 90.4% of the company's paid-up share capital, has approved its Board of Directors’ proposal to distribute cash dividends of AED 425 million (AED 0.0425 per share equivalent to 42.5% of the company's paid-up capital) to shareholders for the second half of the year 2023.

His Excellency Saeed Mohammed Al Tayer, Chairman of Empower, chaired the AGM that took place today, Wednesday, March 27, 2024, at Habtoor Palace, Dubai, and was attended by His Excellency Ahmad bin Shafar, Chief Executive Officer, and 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, 2023. The company's shareholders also approved the other agenda items presented at the AGM.

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