London, UK – Thursday, October 27, 2022: ICM.com, the global online trading, and financial service provider, announced it will be providing investors the chance to subscribe to Empower IPO - the world’s largest district cooling services provider, via its ICM Securities platform.

Earlier on Monday, Emirates Central Cooling Systems Corporation (Empower) announced its intention to proceed with an initial public offering (IPO) and to list 10% of its shares for trading on the Dubai Financial Market (“DFM”). One billion shares, each with a nominal value of AED0.10 will be made available in the Offering.

ICM.com opens the subscription period on 31st October 2022 and is expected to close on 7th November 2022 for Retail Investors and on 8th November 2022 for Qualified Investors.

ICM Securities offers investors the chance to subscribe seamlessly to Empower IPO without the need for a DFM Investor Number (NIN), nor a minimum requirement.

Empower expects to pay a minimum dividend amount of AED850 million per annum, in the first two fiscal years, after which the Company expects to pay a sustainable dividend in line with the growth of the business.

Earlier, ICM.com offered subscriptions to Salik IPO, DEWA IPO, and TECOM IPO, to support local and global investors by providing the best opportunities for portfolio diversification.

Apart from Empower IPO, ICM Securities offers access to a broad range of stocks from US, European, and MENA region stock exchanges. Arab exchanges include the Abu Dhabi Stock Exchange, Dubai Financial Market, Nasdaq Dubai, Boursa Kuwait, Muscat and much more.

“At ICM, we are always keen on providing the best and most innovative investment opportunities to our clients. Despite the global slowdown in IPO activity, the UAE IPO market has been shining throughout 2022, and ICM is glad to be one of the pioneers in the market to offer its clients the opportunity to take part in these IPOs.” commented Shoaib Abedi, Founder and CEO of ICM.com

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For further information please visit www.ICM.com

About ICM

ICM.com is a UK-based global multi-regulated financial service provider, offering access to a diverse range of trading products, including currencies, stocks, commodities, and cryptos for retail and institutional clients, asset managers, fund managers, hedge fund managers, and introducing brokers.

The ICM.com brand was incorporated in 2009 in the United Kingdom and has expanded rapidly worldwide to cater to professional and institutional clients globally. ICM.com currently holds local offices in the United Kingdom, Europe, Asia, Latin America, and the Middle East, as well as other regions.

The ICM.com brand is authorized and regulated in various jurisdictions around the world: Financial Conduct Authority in the UK (FCA), Financial Services Commission in Mauritius (FSC Mauritius), Financial Services Authority of Saint Vincent and the Grenadines (FSA), Association Romande des Intermediaries Financiers (ARIF) in Switzerland, Labuan Financial Services Authority (Labuan FSA), Qatar Financial Centre Authority (QFC) and Stockholm County Administrative Board (CABS).

For more information, please contact:
Ms. Marina Kotliar
Marketing Coordinator
marina.kotliar@icm.com