Revenue increases to $500 million; Normalised net profit before tax increases by 4% to $125.8 million; Debt reduced by 12%
district cooling business
Latest in district cooling business
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
district cooling business
Dubai set to sell 10% stake in Empower through IPO later this month
DEWA and EPI-owned company will become the fourth government entity to be listed on Dubai Financial Market; Subscription opens on October 31
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
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