The 7-year senior unsecured Sukuk was issued in October 2018 and listed on the London Stock Exchange with a fixed 5.5 per cent profit rate
national central cooling company
Latest in national central cooling company
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
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
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%
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
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
Adel Salem Al Wahedi
Tabreed launches Green Financing Framework to fund projects aligned with UAE’s carbon-neutral objectives
Tabreed’s Green Financing Framework and the Second Party Opinion will demonstrate the sustainable nature of the firm’s District Cooling operations, which utilises 50% less power than conventional cooling, while providing an essential service in the GCC and wider region
cooling service provider
Tabreed CEO reveals ‘genuine optimism’ as company posts profit increase
In financial results revealed on Sunday, Tabreed saw its profits increase from $101m for the nine-month period in 2020, to $105.7m this year
acquisitions
UAE cooling giant Tabreed reveals $84.8m Al Maryah Island deal
Agreement reached to acquire an additional 50 percent stake in cooling operations at leading Abu Dhabi business district
district cooling business
Cooling giant Tabreed records $63m net profit in first half of 2021
Company has recently added a fourth plant in Downtown Dubai while capacity has also increased in Oman and Bahrain
financial results
UAE cooling giant Tabreed reveals $23.3m profit for Q1, 2021
Financial results show group revenue increased by 21% to reach $97.4m for first three months of year
Abu Dhabi
Video: Abu Dhabi’s Tabreed CEO Bader Al Lamki on growth plans
Just a few months in his role as CEO of National Central Cooling Company PJSC (Tabreed), Bader Saeed Al Lamki is very optimistic about the future of district cooling in the Middle East.
Abu Dhabi
Abu Dhabi’s Tabreed appoints former Masdar exec as CEO
Bader Al Lamki, executive director of the Clean Energy Directorate at Masdar appointed as new CEO
air conditioning services
UAE’s Tabreed signs Indian cooling deal, first outside Gulf
UAE-based National Central Cooling Company signs landmark agreement with Andhra Pradesh Capital Region Development Authority
London Stock Exchange
UAE’s Tabreed raises $500m with new sukuk
Cooling firm says new sukuk will be listed on the London Stock Exchange after attracting strong institutional demand
