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Emirates Central Cooling Systems Corporation PJSC, known as Empower, reported significant financial growth for the first quarter of 2026. The company achieved a 44% year-over-year increase in net profit, amounting to AED 208 million, and total revenue of AED 631 million, which is a 16.8% increase compared to the same period in 2025. Empower's CEO, H.E. Ahmad Bin Shafar, attributed this performance to the company's strong business model, increased capacity, reduced operational costs, and strategic expansion efforts. The company aims to align with Dubai's vision for sustainable urban development by enhancing operational efficiency and investing in innovation. Over the twelve-month period from April 2025 to March 2026, Empower's consolidated revenue was AED 3.51 billion, reflecting a 7.6% growth, and EBITDA was AED 1.71 billion, marking an 11.7% increase. Additionally, Empower's Annual General Meeting approved a proposal for cash dividend distribution.
Dubai Insurance Company has scheduled a Board of Directors meeting on Monday, May 11, 2026, at 12:00 PM at the company's headquarters. The agenda includes ratifying the minutes of the previous board meeting and reviewing and approving the financial statements for the first quarter of 2026. The notice is signed by Sahem Abdel Haq, Head of Legal.