National Central Cooling Company

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Recent Articles

• S&P issues ratings downgrade for UAE’s Tabreed18 August 2009

  Ratings agency cites National Central Cooling Co's weakened liquidity position.

• Tabreed signs deal on $204m loan5 July 2009

  UPDATE 1: National Central Cooling Company agrees finance with First Gulf Bank - statement.

• Abu Dhabi's Tabreed posts 26% higher 2008 profits12 February 2009

  Cooling firm shines across services, chilled water, contracting & manufacturing business.

• Power shortages could hit booming industry29 September 2008

  District cooling investment to rise to $30bn but fears voiced over power supplies.

• Japan firm interested in district cooling sale25 September 2008

  District cooling company with $817mn Metro contract looks to sell off some of its plants.

• Tabreed sells assets to fund expansion29 June 2008

  UAE air conditioning firm restructures to finance new utilities, may sell up to 7 plants each year.

• Tabreed profit hit by rising labour costs1 June 2008

  National Central Cooling Company's Q1 earnings smallest quarterly profit in at least two years.

• Tabreed to cool off Marina West24 May 2008

  Marina West has signed a contract with Tabreed Bahrain to provide cooling services for 11 towers in the Marina West development on Bahrain's west coast.

• Tabreed names banks for Islamic bond sale13 April 2008

  Dubai-based National Central Cooling Company announces plans to sell up to $500mn of sukuk.

• Tabreed lands long-term district cooling deals 6 February 2008

  Tabreed has signed long-term agreements to provide cooling services to three new projects in Dubai and Abu Dhabi.

• Sorouh/Tabreed deal19 January 2008

  Sorouh Real Estate has formed a joint venture company with Tabreed to provide district cooling to Sorouh's Shams development in Abu Dhabi.

• Tabreed targets loan for regional expansion22 December 2007

  The UAE-based district cooling firm Tabreed is looking to set up a US $272 million (AED 998 million) syndicated loan to help finance its regional expansion programme.

• IDEA appoints executive director from Tabreed7 December 2007

  The International District Energy Association (IDEA) has appointed Tabreed's PR and communications manager, Rita Chahoud, as its executive director in the region.

• Tabreed post a cool third quarter profit10 November 2007

  UAE-based district cooling providers, Tabreed, has posted an increase of 17.2% in third-quarter profit compared to last year.

• Low Metro running costs8 October 2007

  Tabreed claims its central control room that will monitor district cooling plants for Duabi's metro stations, will have lower operating costs and zero maintenance.

• Tabreed seals UAE cooling contracts8 October 2007

  Dubai-based cooling services firm wins three 20-year deals to provide refrigerant for developments.

• Dubai Metro's cool solution11 September 2007

  System being built by district cooling provider Tabreed to cool stations and depots of Dubai Metro project

• Change at the top for Tabreed10 September 2007

  District cooling provider Tabreed has made a change to its management team with the appointment of Karl Marietta as deputy CEO, adding to his current post of vice president, administration and finance.

• Tabreed announces rise in profit1 September 2007

  National Central Cooling Company, Tabreed, has announced a 14% increase in operational profits for the first half of 2007.

• Tabreed appoints deputy CEO13 August 2007

  District cooling company gives current vice president of admin and finance job as deputy chief executive.

• Tabreed wins IDEA awards31 July 2007

  UAE-based cooling provider now ‘world's largest' and set to maintain its position, says CEO.

• Aldar contract wins for Tabreed15 July 2007

  District cooling firm Tabreed will provide one million tonnes of refrigeration to Aldar Properties' projects in two new contracts.

• Tabreed wins cooling contracts from Aldar3 June 2007

  The Dubai-listed company will supply Aldar's Yas Island and Al Raha Beach developments.

• Tabreed picks up innovation award31 May 2007

  District cooling firm Tabreed has won the Middle East Insurance Forum's Innovation Award.

• UAE's Tabreed Q1 profit rises 19.2%30 April 2007

  The Abu Dhabi company's profit is up on higher revenues from building cooling plants.