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Utilities and Energy Company in Dubai
Emirates Central Cooling Systems Corporation, known as Empower, was established in Dubai on 23 November 2003 and began commercial operations on 15 February 2004. Under Law No. 22 of 2022…
Listed since 2026 · updated October 2026
Emirates Central Cooling Systems Corporation, known as Empower, was established in Dubai on 23 November 2003 and began commercial operations on 15 February 2004. Under Law No. 22 of 2022 it became a public joint stock company and was listed on the Dubai Financial Market in November 2022, according to its DFM profile. It provides district cooling services in Dubai. Its headquarters is on Ibn Al Zahrawy Street in Al Jaddaf, Dubai. The company has ten billion shares with a par value of AED 0.10 and pays dividends twice a year.
Market figures at the close on 29 October 2026, from Dubai Financial Market (DFM) data.
| DFM symbol | EMPOWER |
|---|---|
| ISIN | AEE01134E227 |
| DFM sector | Utilities |
| Closing price | AED 1.53 |
| 52-week range | AED 1.48 – AED 1.96 |
| Market value | AED 15.3 billion |
| Shares in issue | 10,000,000,000 |
| Par value | AED 0.10 |
| Dividend yield, last 12 months | 5.72% Cash dividends of AED 0.0875 a share with an ex-date in the 12 months to 29 October 2026, divided by the closing price |
| Listed on the DFM | 15 November 2022 |
| Established | 2003 |
| Financial year ends | December |
| Auditor | PwC |
| Chair | H.E Saeed Mohammed Ahmed Al Tayer |
| Chief executive | H.E. Ahmad Bin Shafar |
| Ex-dividend date | Cash dividend | Per share |
|---|---|---|
| 30 September 2026 | 43.75% of par value | AED 0.0438 |
| 3 April 2026 | 43.75% of par value | AED 0.0438 |
Sources: DFM trading summary for EMPOWER, DFM corporate actions, DFM dividends distribution summary. Checked October 2026. Share prices change every trading day; this is not investment advice.
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