DEWA Acquires 2.4 Billion Shares in Empower

Dubai Electricity and Water Authority (DEWA) acquired 2.4 billion shares in Empower, increasing its stake to 56% and strengthening its strategic position in the central cooling sector.

Dubai Electricity and Water Authority (DEWA) announced the transfer of shares of Emirates Power Investment (Emirates Power), a company owned and controlled by Dubai Holding, to Emirates Central Cooling Systems Company (Empower) through Dubai Depository. Dubai Electricity and Water Authority acquired 2.4 billion shares in Empower from Emirates Power Investment, which will enhance its strategic stake and support DEWA's firm and long-term commitment to the central cooling sector. Key points of the agreement DEWA's current stake in Empower: 5,600,000,000 shares representing 56% Shares purchased from

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