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Empower, the world's largest district cooling services provider, reported record revenues of AED 3.42 billion and a net profit of AED 1.004 billion for 2025. At its Annual General Meeting, with an 85% quorum, Empower approved a cash dividend of AED 437.5 million for the second half of 2025, reflecting 43.75% of its paid-up capital. The meeting, chaired by HE Saeed Mohammed Al Tayer and attended by CEO Ahmad Bin Shafar, also ratified the company's financial statements. Empower, listed on the Dubai Financial Market, achieved its highest revenue since listing, with EBITDA reaching AED 1.65 billion. In 2025, it distributed AED 875 million in dividends in two installments. Saeed Mohammed Al Tayer highlighted the company's consistent profitability and operational efficiency, while Ahmad Bin Shafar noted Dubai's construction boom as a driver for investment opportunities.
On 25 March 2026, a notification was sent to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Capital Market Authority in Abu Dhabi, regarding a scheduled Board of Directors meeting for Gulf Navigation Holding PJSC. The meeting is set for 30 March 2026 at 10:00 am. The agenda includes considering the approval of the company's audited financial statements for the year ending 31 December 2025, reviewing the Integrated Report for the same period, discussing recommendations for dividend distribution and Board remuneration to be presented at the Annual General Assembly Meeting, and addressing regular matters and any other business of the company.