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Emirates Central Cooling Systems Corporation PJSC (Empower), a leading district cooling services provider, reported a 10.6% growth in net profit and expanded its contracted capacity to 2.06 million RT in the first nine months of 2026. The company achieved a revenue of AED 2.71 billion, reflecting a 4.6% year-on-year increase. Net profit after tax rose to AED 762 million, while EBITDA increased by 5.4% to AED 1,232.7 million. Empower's operating cash flow was AED 1,415.3 million, an 8% rise from the previous year. In the third quarter alone, revenue grew by 4.7% to AED 1.19 billion, and net profit after tax increased by 2.7% to AED 294 million. Empower maintained strong cash generation, with cash and cash equivalents at AED 2.84 billion and net debt at AED 2.66 billion. The company distributed AED 875 million in cash dividends to shareholders in 2026, demonstrating its commitment to providing consistent shareholder returns.
GFH Bank B.S.C. announced a rescheduling of its Board of Directors meeting initially set for 12th November 2026, now moved to 11th November 2026. The meeting, intended to approve the financial statements for the third quarter of 2026, will start at 2 p.m. Bahrain time. The agenda includes reviewing the financial results for the third quarter and discussing other internal matters. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
The document is an interim condensed financial statement for Union Coop, covering the nine-month period ending on September 30, 2026. The financial statements are unaudited.
GFH Bank announced the successful sale of a portfolio of 10 industrial outdoor storage assets in the United States by its global asset management arm, GFH Partners Limited, based in the Dubai International Financial Centre. The sale was valued at $113 million and marks GFH's fifth successful exit in the logistics sector in recent years. GFH Partners holds a 3% share in this deal. This transaction is expected to positively impact the financial statements of the Group and increase its returns. For more details, refer to the attached release. The announcement was made by Mariam Jowhary, Head of Compliance and AML.