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26 August 03:07 AM

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10 August 07:10 PM DEWA reports AED 2.7bn net profits in H1-25; dividends approved
Dubai - Mubasher: Dubai Electricity and Water Authority (DEWA) achieved AED 2.75 billion in net profits attributable to the owners in the first half (H1) of 2025, marking a year-on-year (YoY) increase from AED 2.50 billion. Revenues increased by …
Financial Results
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10 August 01:17 PM Tabreed sees 3% higher revenues in H1-25, proposes 1st-ever interim dividend
Dubai - Mubasher: National Central Cooling Company (Tabreed)recorded higher net profits after tax at AED 291.06 million in the first half (H1) of 2025, compared to AED 283.83 million in H1-24. Revenue grew by 3% to AED 1.10 billion in H1-25 from …
Cash Dividends
Photo Archive
5 August 06:43 PM Empower’s net profits exceed AED 402.5m in H1-25
Dubai - Mubasher: Emirates Central Cooling Systems Corporation (Empower) posted higher net profits after tax at AED 402.66 million in the first half (H1) of 2025, up 3.40% from AED 389.52 million in H1-24. Revenue grew to AED 1.45 billion in H1-25 …
Financial Results
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30 June 01:27 PM Multiply Group sells PAL Cooling Holding to Tabreed, CVC DIF for AED 3.8bn
Abu Dhabi - Mubasher: Multiply Group entered into an agreement to monetize 100% of its shares in PAL Cooling Holding for a consortium comprising  National Central Cooling Company (Tabreed) and CVC DIF. The transaction, valued at approximately AED …
Companies Investments
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17 June 08:55 PM Tabreed, Emerge complete solar energy project for UAE’s ministry
Dubai - Mubasher:  The UAE Ministry of Defense teamed up with National Central Cooling Company (Tabreed) and Emerge, a joint venture (JV) between the UAE’s Masdar and France’s EDF Group,  to reinforce its environmental credentials The entities …
Companies Investments
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14 May 10:09 PM Tabreed logs AED 115.5m profits to shareholders in Q1-25
Dubai - Mubasher: The net profits attributable to the owners of National Central Cooling Company (Tabreed) jumped to AED 115.43 million in the first quarter (Q1) of 2025 from AED 112.13 million in Q1-24. Basic and diluted earnings per share (EPS) …
Financial Results
Photo Archive
13 May 09:18 AM DEWA records higher revenues in Q1-25, announces AED 2.2bn investments in infrastructure
Dubai – Mubasher: The net profits attributable to the owners of Dubai Electricity and Water Authority (DEWA) dropped to AED 497.81 million in the first quarter (Q1) of 2025 from AED 647.42 million in Q1-24. Basic and diluted earnings per share …
Financial Results
Photo Archive
12 May 07:28 PM Empower logs AED 145m profits in Q1-25
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) reported a total revenue of AED 539.95 million in the first quarter (Q1) of 2025, up 0.40% year-on-year (YoY) from AED 537.72 million. Net profits after tax hit AED 144.81 …
Financial Results
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7 April 12:42 PM DEWA expands electricity distribution network amid increasing demand
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) commissioned 1,530 11 kilovolts (KV) distribution substations across Dubai in 2024, marking an 8.20% increase compared to 2023. Saeed Mohammed Al Tayer, Managing Director and CEO of …
Companies Investments
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26 March 12:44 PM Tabreed’s general assembly approves AED 441m dividend payout for 2024
Dubai - Mubasher: The annual general assembly meeting of National Central Cooling Company (Tabreed) has approved a dividend payment of 15.50 fils per share, exceeding AED 441 million, for 2024. Over the past five years, Tabreed has delivered a …
Cash Dividends
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23 March 02:50 PM DEWA’s general assembly passes AED 3.1bn dividends for H2-24
Dubai – Mubasher: Dubai Electricity and Water Authority’s (DEWA) general assembly approved the payment of a total dividend of AED 3.10 billion for the second half (H2) of 2024. The shareholders greenlighted the payment of the dividend, with a …
Cash Dividends
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17 March 12:00 PM Tabreed, Dubai Holding to establish district cooling network for AED 1.5bn
Dubai – Mubasher: National Central Cooling Company (Tabreed) and Dubai Holding Investments entered a concession agreement to provide district cooling services for Palm Jebel Ali in Dubai, according to a press release. The project, which will have …
Companies Investments
National Central Cooling Company (Tabreed)
5 March 04:53 PM Tabreed raises $700m inaugural green Sukuk as 1st issuance under $1.5bn programme; listed banks partake
Dubai – Mubasher: National Central Cooling Company (Tabreed) has raised $700 million through an inaugural, five-year green Sukuk, which marks the first issuance under its new $1.50 billion trust certificate issuance programme. The new Sukuk will …
Banking and Finance
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17 February 01:33 PM Empower’s revenues jump 7.5% in 2024 financial results
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) posted year-on-year (YoY) higher net profits at AED 908.23 million in 2024 , compared to AED 960.08 million. Revenues amounted to AED 3.26 billion in 2024, up 7.40% …
Financial Results
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16 February 09:48 PM Tabreed’s revenues surge in 2024 due to expansion in India, Egypt
Dubai - Mubasher: National Central Cooling Company (Tabreed) registered net profits attributable to the owners valued at AED 570.21 million in 2024, compared with AED 431.14 million in 2023. Total basic and diluted earnings per share (EPS) …
Financial Results
Photo Archive
11 February 06:58 PM DEWA’s net profits cross AED 7.2bn in 2024; revenues up 6%
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) recorded net profits after tax of AED 7.23 billion in 2024, compared to AED 7.93 billion in 2023. Total assets climbed to AED 185.54 billion as of 31 December 2024 from AED 181.17 …
Financial Results
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20 January 09:03 PM DEWA joins UAE gov’t to endorse education sector
Dubai – Mubasher: The Ministry of Higher Education and Scientific Research (MoHESR) recently partnered with Dubai Electricity and Water Authority (DEWA) to enhance the scholarship programme for Emirati students, according to an official statement. …
Companies Investments
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13 November 2024 10:46 AM DEWA delivers highest results with AED 23.5bn revenues in 9M-24
Dubai – Mubasher: The net profits attributable to the owners of Dubai Electricity and Water Authority (DEWA) amounted to AED 5.36 billion in the first nine months (9M) of 2024. The recorded net profits were compared with AED 5.99 billion in 9M-23, …
Financial Results
Photo Archive
11 November 2024 04:53 PM Empower logs AED 654.5m profits in 9M-24
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) recorded net profits worth AED 654.45 million in the first nine months (9M) of 2024, versus AED 684.89 million in 9M-23. Revenues hit AED 2.45 billion in 9M-24, marking an …
Financial Results
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9 September 2024 10:42 AM Digital DEWA's Moro Hub, Salzer to bolster digital transformation in region
Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA that serves as the digital arm of Dubai Electricity and Water Authority (DEWA), signed a collaboration agreement with Salzer Technologies. In line with the UAE’s digital transformation …
Companies Investments
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12 August 2024 05:13 PM Tabreed unveils H1-24 financial results, new board of directors
Dubai - Mubasher: National Central Cooling Company (Tabreed) achieved AED 269.02 million worth of net profits attributable to the shareholders during the first half (H1) of 2024 compared with AED 386.39 million in H1-23. The basic and diluted …
Management Decisions
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11 August 2024 04:16 PM DEWA posts AED 2.5bn profits in H1-24
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) achieved net profits after tax valued at AED 2.55 billion in the first half (H1) of 2024, marking an annual drop from AED 2.73 billion. Meanwhile, the revenues grew by 7.30% …
Financial Results
Photo Archive
7 August 2024 01:51 PM Empower sees lower net profits in H1-24
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) achieved net profits after tax valued at AED 389.52 million in the first half (H1) of 2024, marking an annual drop from AED 402.95 million. Meanwhile, the revenues grew …
Financial Results
Photo Gallery
8 July 2024 10:49 AM DEWA attracts AED 43.6bn projects via IPWP model
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) developed the Independent Power and Water Producer (IPWP) model and attracted investments worth AED 43.60 billion over 10 years. Saeed Mohammed Al Tayer, Managing Director and CEO of …
Companies Investments
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23 June 2024 11:59 AM DEWA unveils AED 288m reservoir to boost Dubai’s water network
Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) has commissioned a new water reservoir in Enkhali and connected it to Dubai’s water network at a cost of AED 287.80 million. The reservoir, which has a storage capacity of 120 million …
Companies Investments