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05 December 05:49 AM

Sector News

Moro Hub and PwC Middle East
3 December 04:50 PM DEWA’s Moro Hub joins PwC Middle East to drive tech initiatives across region
Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has entered into a strategic collaboration with PwC Middle East to advance the development and implementation of tech …
Companies Investments
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18 November 10:21 AM Tabreed’s net profits hit AED 420m in 9M-25
Dubai - Mubasher: National Central Cooling Company (Tabreed) registered 4.50% year-on-year (YoY) higher connected capacity at 1.38 million Refrigeration Tons (RT) as of 30 September 2025. Group revenue increased by 1% YoY to AED 1.87 billion in …
Financial Results
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13 November 08:08 AM DEWA delivers strongest YTD financial performance in 9M-25
Dubai - Mubasher: Dubai Electricity and Water Authority (DEWA) witnessed its strongest year-to-date (YTD) financial performance in its history, according to the financial results. The net profits after tax amounted to AED 6.83 billion in the first …
Financial Results
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4 November 02:32 PM Tabreed settles $500m Trust Certificates due in 2025
Dubai - Mubasher: National Central Cooling Company (Tabreed) settled its $500 million Trust Certificates due in 2025, originally issued in October 2018 and matured on 31 October 2025. The seven-year senior unsecured Sukuk was issued under …
Companies Investments
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29 October 07:54 AM Tabreed raises AED 1.8bn new debt facility to support investments
Dubai - Mubasher: National Central Cooling Company (Tabreed) has secured AED 1.80 billion in new bank debt to fund its strategic growth initiatives and optimize its capital structure. The financing will support Tabreed’s growth, investments, and …
Banking and Finance
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13 October 02:47 PM Tabreed closes 2 largest transactions to accelerate regional growth
Dubai - Mubasher: National Central Cooling Company (Tabreed) has completed its largest-ever transactions, marking a major step in accelerating regional growth and strengthening its concession-backed business model. Tabreed, in partnership with CVC …
Global Economy
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12 October 06:23 PM Empower unveils AED 437.5m dividend for H1-25, new board members
Dubai - Mubasher: The shareholders of Emirates Central Cooling Systems Corporation (Empower) approved a cash dividend of AED 437.50 million for the first half (H1) of 2025. Empower will pay out 4.37 fils per share, equivalent to 43.75% of its …
Cash Dividends
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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
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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 …
Mergers and Acquisitions
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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 …
General Assembly
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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 …
General Assembly
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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 …
Companies Investments
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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
Photo Archive
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
Photo Archive
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