Revenue jumps 5.5% to $704.1mn and EBITDA to $318.3mn as the district cooling company signs 52 new contracts in Q3 for 56,000RT
district cooling business
Latest in district cooling business
district cooling business
Tabreed proposes first-ever dividend in its history as H1 revenue rises to $300mn
Record capacity growth of 41.6k RT in first six months; Proposed interim dividend of 6.5 fils per share
district cooling business
Tabreed CEO Al Marzooqi says company is ready for more acquisitions
Abu Dhabi utility eyeing district cooling opportunities at new Maktoum airport; Adds that CVC DIF are right and strong partners
district cooling business
Tabreed and CVC DIF partner to acquire PAL Cooling for $1 billion
Multiply Group’s PAL has an existing portfolio of eight long-term concessions serviced by five cooling plants, with four more in the pipeline
district cooling
Tabreed has a flat Q1 but excitement builds over its Palm Jebel Ali deal
Revenue for Q1 2025 falls marginally to $126.9mn as consumption decreased nearly 7% due to colder weather; EBITDA up 4% to $77.1mn
carbon emission
Tabreed raises $700mn in oversubscribed green sukuk debut
The new sukuk will be listed and traded on the London Stock Exchange’s international securities market
Abu Dhabi
Tabreed’s district cooling consumption grows 6% for 9M 2024
Revenue increases to $500 million; Normalised net profit before tax increases by 4% to $125.8 million; Debt reduced by 12%
district cooling business
Empower signs agreement with Mitsubishi for 18 advanced chillers
Order could be increased to 100,000 RT capacity; Will serve new projects in Deira Waterfront, Jumeirah Village and Al Sufouh
district cooling
Tabreed first district cooling company to be eligible to trade carbon credits
Abu Dhabi company’s plant completes Verra’s ‘Verified Carbon Standard’ programme that confirms district cooling’s energy efficiency
Deira Enrichment Project
Empower starts constructing Deira Waterfront district cooling plant
The new plant, with a total capacity of 39,000 RT, will be built in two phases; the first phase will become operational in June 2025
district cooling
Empower’s 8 tips to reduce your electricity bills this summer
Dubai’s global leader in district cooling launches a Summer Campaign to educate its customers
district cooling
Tabreed shareholders approve new record high dividend payment for FY 2023
The high dividend payout comes after the company registering a 25 percent jump in its net profit and 9 percent rise in its revenue last year
Abu Dhabi
UAE’s Tabreed wins district cooling bid for Pharma City in Hyderabad
Phase 1 of the project will comprise construction of facilities of 2,500 RT for approximately $9.85 million
Abu Dhabi
Tabreed partners with TATA Realty for first district cooling project in India
Its first project will feature a $12 million investment in building an operating District Cooling system at Intellion Park in Gurugram
cooling service provider
Empower to invest $122.5mn to cool Dubai Maritime City buildings
The two companies signed an agreement to supply District Cooling services to the DP World-owned project with a capacity of more than 63,000 RT
100% foreign ownership
UAE cooling major Tabreed to allow 100 percent foreign ownership in the company
The announcement led to the company share price posting a jump of more than 10 percent on DFM on Tuesday to close at AED3.15
DEWA
Dubai’s Empower increases IPO offer size to 15% stake
DEWA and EPI-owned company will become the fourth government entity to be listed on Dubai Financial Market; Subscription opens on October 31
