National Central Cooling Company PJSC (Tabreed), the world’s leading district cooling provider, has been added to the MSCI Emerging Markets Small Cap Index, a move that enhances the company’s visibility among global investors and underscores growing confidence in its financial and operational strength.
The inclusion, effective at the close of trading on 24 November 2025, is seen as a key milestone in Tabreed’s growth journey and a recognition of its consistent performance, solid fundamentals and expanding market presence.
Tabreed gains recognition from MSCI Index
The MSCI Emerging Markets Small Cap Index is widely followed by global institutional investors and fund managers, and inclusion typically boosts liquidity and access to new sources of capital.
Khalid Al Marzooqi, Chief Executive Officer of Tabreed, said: “Inclusion in the MSCI Emerging Markets Small Cap Index marks an important milestone in Tabreed’s journey as a listed company.
“It reflects the market’s recognition of our consistent performance, strong fundamentals and expanding presence across key markets. This achievement reinforces our commitment to transparency, value creation and sustainable growth.”
Tabreed has reported a strong first half of 2025, driven by its concession-based model and expansion across the GCC. The company completed two major transactions this year, the PAL Cooling acquisition with CVC DIF and a joint venture with Dubai Holding to develop the Palm Jebel Ali concession, which have both been described as transformational milestones in its growth strategy.
Adel Al Wahedi, Chief Financial Officer, said the MSCI inclusion would broaden the company’s reach with institutional investors and “cement Tabreed’s role as a strategic enabler of sustainable infrastructure.”
Founded in 1998 and listed on the Dubai Financial Market, Tabreed operates 94 plants across the GCC, India and Egypt, serving landmark developments including the Burj Khalifa, Sheikh Zayed Grand Mosque and Louvre Abu Dhabi.
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