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
district cooling business
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
district cooling business
Dubai plans to list district cooling firm Empower in IPO push
Government has already announced plans to sell shares in its main utility Dubai Electricity & Water Authority and the Salik road toll-collection system
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 solutions
UAE cooling giant Tabreed to sell stake in Qatar operation in $113.5m deal
Firm has announced 44% sale of share in Qatar District Cooling Company to United Development Company
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
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