Stock EMPOWER EMIRATES CENTRAL COOLING SYSTEMS CORPORATION
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Company Emirates Central Cooling Systems Corporation

Equities

EMPOWER

AEE01134E227

Water Utilities

Market Closed - Dubai FM
Other stock markets
 11:56:05 17/05/2024 BST 		5-day change 1st Jan Change
1.49 AED -2.61% Intraday chart for Emirates Central Cooling Systems Corporation -5.70% -10.24%
05-08 Empower Reports Rise in Percentage of Dubai Hotels Using Cooling Services MT
05-06 Empower Resumes Trading on Dubai Financial Market MT

Business Summary

Emirates Central Cooling Systems Corp is a joint venture company between Dubai Technology and Media Free Zone (TECOM) and Dubai Electricity and Water Authority (DEWA). The Company mainly provides district cooling services (DCS) to developments in Dubai and the surrounding regions.

Sales per Business

AED in Million2022Weight2023Weight Delta
Chilled Water
99.4 %
2,766 99.1 % 3,018 99.4 % +9.10%
Pre-insulated Pipe
0.6 %
26 0.9 % 17 0.6 % -33.96%

Sales per region

AED in Million2022Weight2023Weight Delta
United Arab Emirates
99.7 %
2,793 100.0 % 3,026 99.7 % +8.36%
Kuwait
0.3 %
-- 9 0.3 % -

Managers

Managers TitleAgeSince
Ahmad bin Shafar CEO
 Chief Executive Officer - 22/11/03
Ramesh Ramadurai DFI
 Director of Finance/CFO - 31/12/03
Tariq Al Yasi COO
 Chief Operating Officer - 31/03/06
Mohamed Samer Khoudeir IRO
 Public Communications Contact - 31/12/04
Murugesan Vasanthan AUD
 Comptroller/Controller/Auditor - 31/12/12
Ahmad Al Qassem PRN
 Corporate Officer/Principal - 31/12/12
Mohamed Salman Mohammed Kahoor PRN
 Corporate Officer/Principal - 31/12/04
Edgar Qureshi PRN
 Corporate Officer/Principal - 31/12/03

Members of the board

Members of the board TitleAgeSince
Saeed Al-Tayer CHM
 Chairman - 31/12/03
Majed Murad Ali Al Joker BRD
 Director/Board Member - 13/10/22
Amit Kaushal BRD
 Director/Board Member 41 30/06/21
Issam Kazim BRD
 Director/Board Member 48 31/12/20
Nasser Mohammed Hussain bin Lootah BRD
 Director/Board Member 61 31/12/09
Hussain Essa Ibrahim Lootah BRD
 Director/Board Member 55 31/12/05
Fatma Ibrahim Abdulla Belrehif BRD
 Director/Board Member 40 13/10/22

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 10,000,000,000 2,000,000,000 ( 20.00 %) 0 20.00 %

Shareholders

NameEquities%Valuation
DUBAI ELECTRICITY AND WATER AUTHORITY
56.00 %
5,600,000,000 56.00 % 2 424 M AED
EMA Power Investment Ltd.
24.00 %
2,400,000,000 24.00 % 1 039 M AED
FIL Pensions Management
0.1079 %
10,790,481 0.1079 % 5 M AED
East Capital Financial Services AB
0.0989 %
9,888,024 0.0989 % 4 M AED
Franklin Templeton Investments (ME) Ltd.
0.0927 %
9,268,003 0.0927 % 4 M AED
Wellington Management Singapore Pte Ltd.
0.0459 %
4,591,094 0.0459 % 2 M AED
East Capital International AB (Russia)
0.0395 %
3,949,000 0.0395 % 2 M AED
Ashmore Investment Management Ltd.
0.0385 %
3,848,796 0.0385 % 2 M AED
North of South Capital LLP
0.0306 %
3,060,098 0.0306 % 1 M AED
I. G. Investment Management Ltd.
0.0139 %
1,389,412 0.0139 % 601 476 AED

Company contact information

Emirates Central Cooling Systems Corp.

Al Hudaiba Awards Building Jumeirah Beach Road

, Dubai

+

http://www.empower.ae
address Emirates Central Cooling Systems Corporation(EMPOWER)

Sector

Utilities
Utilities
Water Utilities
Water Utilities
Steam & Air-Conditioning Supply

Sales per Business

Sales per region

Ratings for Emirates Central Cooling Systems Corporation

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
1.49 AED
Average target price
2.134 AED
Spread / Average Target
+43.25%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Steam & Air-Conditioning Supply

1st Jan change Capi.
EMIRATES CENTRAL COOLING SYSTEMS CORPORATION Stock Emirates Central Cooling Systems Corporation
-10.24% 4.06B
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Steam & Air-Conditioning Supply
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