Moelis Wins Role on Third Dubai Listing With Empower Mandate

Emirates Central Cooling Systems Corp. picked Moelis & Co. to work on its initial public offering that’s planned for later this year, according to people familiar with the matter.

Known as Empower, the company has been working with Moelis on preparing a possible listing on the domestic stock exchange, the people said, asking not be named because the information is private. The next step will be to appoint book-runners for the share sale, they said.