Intention to float announcement
24 October 2022
Retail subscription commencement
31 October 2022
Retail Subscription Closing
7 November 2022
Notification of Allocation
14 November 2022
Refunds
14 November 2022
Expected Trading Date
15 November 2022
Market
DFM
Website
Empower
Diversified client portfolio of Dubai’s key industrial sectors - Residential, Commercial, Retail, Hospitality, Healthcare, Education and Entertainment).
Targeted market share of approximately 80% of the district cooling market in Dubai by end of 2022.
The exclusive cooling provider to Dubai’s most iconic and landmark projects - Burj Al Arab, DIFC, Emirates Towers, Museum of the Future and Palm Jumeirah.
Serves 110,000+ corporate and individual customers through a network of 369+ kms of insulated pipes and 81 district cooling plants1.
Supported by the ‘Dubai Integrated Energy Strategy 2030’, the operations are rooted in energy transition.
Key enabler in achieving the UAE’s ambition to reach net zero by 2050.
A partner of United Nations Environment Program (UNEP), playing a vital role in UN-lead global initiatives such as ‘Cool Coalition’ and ‘District Energy in Cities’.
1Subject to completing the Dubai International Airport District Cooling Acquisition
IPO INVESTOR PORTAL
You can subscribe to Empower IPO through our IPO portal even if you are not an Emirates NBD customer. Empower shares will be listed in Dubai Financial Market (DFM)
You can subscribe in three simple steps:
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If you don't have a DFM NIN number, you can open an Emirates NBD Securities account with us in 3 simple steps and start trading and subscribing to IPOs instantly. Your NIN number will be automatically generated in this process.