Executive Summary
Mr. Bin Shafar joined the Company at its inception and has been serving as its Chief Executive Officer since inception. Mr. Bin Shafar has been with the Company for 21 years and brings over 29 years of experience in senior management positions, including eight years with Standard Chartered Bank in Corporate and Retail Banking, Finance, Marketing and Customer Relations. Under the leadership of Mr. Bin Shafar, Empower has become the World's Largest DCS provider, from a capacity perspective, within a short span of a decade. Mr. Bin Shafar also serves as the Chairman of the Board of Directors of ELIPS since 2007 and, as Chariman of DXB CoolCO FZCO since 2023, as a Board Member Emeritus of the International District Energy Association, since 2013, as Chairman of District Cooling Operators' Association, Dubai since 2020, and as a member of the Board of Dubai Sports Council, from 2009 to 2022. Mr. Bin Shafar is also the Chairman of Hamdan Sports Complex and Al Wasl Club, Dubai. Mr. Bin Shafar is a member of the Cranfield Management Association, of IMD International and of the American Society of Heating, Refrigerating and Air-Conditioning Engineers. Mr. Bin Shafar holds a Bachelor's of Science in Business Administration in Management from California State University, Los Angeles, USA.