• Emirates Central Cooling Systems Corporation PJSC (EMPOWER) achieved a milestone with its highest-ever revenue of AED 3.035 billion in the fiscal year 2023, marking an impressive growth of 8.7% compared to the previous year. The company also reported a net profit of AED 960 million for the year, signaling strong financial performance amidst a challenging market landscape. Empower has proposed a final dividend of AED 425 million for 2023, demonstrating its commitment to rewarding shareholders.

• Empower's operational performance was robust, with significant growth in its district cooling services. The number of buildings served by Empower reached 1522 by the end of 2023, reflecting a 4% increase compared to the previous year. Additionally, the total length of the district cooling pipeline network surpassed 398 kilometers, marking a 4.7% increase. These achievements underscore Empower's leadership in delivering sustainable cooling solutions in Dubai's real estate sector.