Dubai’s Empower can raise over $2bln worth of loans – CEO – ZAWYA

Dubai’s Empower can raise over $2bln worth of loans – CEO – ZAWYA

Dubai's Empower can raise over $2bln worth of loans - CEO. Ahmad Bin Shafar said the company is in discussions to take over the district cooling businesses of two or three companies, without naming them.. "Recently we received proposals from banks of up to 6 to 8 billion dirhams of available cash for us," he said.. Asked if Empower would take out a loan in the first quarter of 2020, Bin Shafar said the company could tap banks for the funds if it goes ahead with its acquisition plans.. The company paid out 400 million dirhams in dividends to its shareholders on Sunday, Bin Shafar told the news conference..