Empower secures $128m financing facility from DIB


Published: Sep 14, 2014
Source: Emirates 24|7

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Empower secures $128m financing facility from DIB

Empower, a district cooling services provider, has secured a Dh469 million ($127.8 million) financing from Dubai Islamic Bank (DIB), marking the first Islamic financing facility availed by the company.

“The agreement between Empower and Dubai Islamic Bank is an important milestone as this is the first bilateral deal between the two entities,” said Ahmad Bin Shafar, Chief Executive Officer, Empower. Read more>>>

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