Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

Dubai’s Empower to seek financing facilities of up to $1.5bln

By Zawya

By Staff Writer

The Dubai-listed Emirates Central Cooling Systems Corporation (Empower) said its board has approved entering into new three-year unsecured conventional and Islamic financing facilities of up to AED5.5 billion ($1.5 billion).

The district cooling provider, majority owned by the Government of Dubai, said the facilities will be used to refinance existing debt and support general corporate purposes.

(Writing by Brinda Darasha; editing by Daniel Luiz)

brinda.darasha@lseg.com

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.