29 Mar 2023
Empower approves distributing AED 425 million dividends to shareholders
The General Assembly of Emirates Central Cooling Systems Corporation PJSC (Empower), in a meeting convened with a quorum of 86.82% 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 425,000,000 (AED 0.0425 per share, representing an equivalent to 42.5% 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.
His Excellency Saeed Mohammed Al Tayer, Chairman of Empower chaired the General Assembly meeting that took place today, Wednesday, March 29, 2023, at Habtoor Palace, Dubai.
The meeting was attended by His Excellency Ahmad bin Shafar, Chief Executive Officer and members of the Board of Directors of Empower.