Phase 1 of the project will comprise construction of facilities of 2,500 RT for approximately $9.85 million
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Empower urges Dubai to set ACs to 24°C and auto mode this summer
The district cooling company launches ‘Set and Save 24°C’ campaign to prevent energy wastage and heavy consumption
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
CapitalMed
Tabreed signs $83 million contract to provide district cooling at Egypt’s healthcare city
The move is part of the district cooling provider’s expansion into the Egypt market and will cater to the needs of the Cairo-based healthcare city
100% foreign ownership
District cooling major Tabreed to allow 100 percent foreign ownership in the company
Previously the limit had been set at 49 percent, in line with the then prevailing law regarding foreign ownership applicable to local companies
cooling service provider
New regulations for district cooling systems in Dubai to be unveiled soon
The new regulations will bring increased transparency and establish stakeholder accountability to make the district cooling sector more efficient and customer centric, says Dubai government official
cooling service provider
DEWA begins IPO subscription period, set to be DFM’s most valuable company with market cap of up to $33.76bn
The IPO subscription period starts today and runs until 2 April 2022 for the UAE Retail Offering, and until 5 April 2022 for the Qualified Investor Offering
Ahmad Bin Shafar
Empower awards contract worth $52.5 million for the construction of a district cooling plant in Dubai
Phase 1 of the plant will provide 23,500 refrigeration tonnes (RT) of environmentally-friendly district cooling services to the the Dubai Land Residence Complex (DLRC) region
cash dividend
District cooling firm Tabreed approves highest-ever dividend payments to its shareholders as it eyes further growth in 2022
Tabreed owns and operates 86 plants in its portfolio across the GCC, including 75 in the UAE, three in Saudi Arabia, seven in Oman, and one in Bahrain, in addition to other international projects and operations
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
acquisitions
Cooling giant Tabreed acquires district cooling plants in Oman
Via Tabreed Oman SAOC, Tabreed, formally the National Central Cooling Company, signed an agreement with Al Mouj Muscat SAOC for the acquisition
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
cooling service provider
Cooling giant Tabreed names Khalid Al Marzouqi as new CEO
Khalid Al Marzouqi will replace Bader Al Lamki who was appointed CEO in April 2019
cooling service provider
UAE cooling giant Tabreed targets overseas growth in 2021
CEO Bader Saeed Al Lamki says Saudi Arabia, India and Egypt are targets for expansion next year