The $600 million loan which Emirates Central Cooling Systems Corp (Empower) is using to back its acquisition of Palm Utilities is being syndicated to other lenders, three banking sources said on Thursday.
Dubai district cooling fi
Palm Utilities (PU), a Dubai World company, recently entered into an agreement with Dubai Quality Group (DQG), non-profit business organisation, by which PU will be an investor partner of DQG for the first time.
The agreement was
Palm Utilities, a Dubai World company, said its net profit surged 32 per cent in 2012 to hit Dh164 million ($44.6 million) compared to Dh125 million the previous year.
Announcing the results, Palm Utilities said its revenue too po
Abu Dhabi Commercial Bank (ADCB) has announced the implementation of a cash management program with Palm Utilities, a Dubai World Company established in 2007 to provide top utility solutions.
The cash management solution is in lin
Palm Utilities, a Dubai World company aimed at providing quality utility solutions, said it has recently received the first batch of Emiratis who joined the company as part of its Emiratisation program.
Marwan Al Naqi, the chief e
Palm Utilities, a Dubai World Company and a cooling services provider, has launched a social initiative to support the victims of the recent Tamweel Tower blaze in Jumeirah Lakes Towers (JLT), Dubai.
Marwan Al Naqi, chief executiv
Palm Utilities, a Dubai World Company, has announced the closure of a Dh1.14 billion ($310 million) conventional/Islamic club financing facility for its district cooling business.
The financing facility, comprising two tranches - conventio
Palm Utilities, a leading private company that provides integrated sustainable utility solutions, recently undertook a tree planting initiative in Dubai, to mark the UN’s 2010 World Environment Day.
The company planted several two metre-ta
Palm Utilities, a leading private company that provides integrated sustainable utility solutions, has outlined new strategies to help resolve the UAE's future water challenges.
Inherently, these integrate the latest advances in energy util
Palm Utilities, a leading private company that provides integrated sustainable utility solutions, received the Best Water Project Award at the Arab Investment Summit held recently in Abu Dhabi.
Palm Utilities was recognised for its use of