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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Empower Plans to Sell 10% Stake, List on Dubai Financial Market

Empower Dewa IPO

Emirates Central Cooling Systems Corporation (Empower) announced plans to proceed with an initial public offering (IPO) and to list a portion of its ordinary shares for trading on the Dubai Financial Market (DFM).

In a press conference on Monday, Empower said that one billion (1,000,000,000) Shares, each with a nominal value of AED0.10 will be made available in the Offering, representing 10% of Empower's total existing share capital.

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