MEP Middle East
Summary
UAE-based district cooling provider National Central Cooling Company (Tabreed) appointed Bader Saeed Al Lamki as the company’s new CEO, effective 21 April 2019.
Khaled Al Qubaisi, chairman of Tabreed, commented: “I am very pleased to welcome Bader Al Lamki to Tabreed. His vast expertise makes him the ideal successor to steer the company during the next stage of its growth strategy and further drive its operating and financial performance. His considerable industry knowledge will be invaluable to us as we continue our expansion and seek to further efficiency gains and achieve our full growth potential.”
Al Lamki succeeds Jasim Husain Thabet, who joined as the first Emirati CEO of Tabreed in August 2012 and during his six-year tenure, the Company’s annual net income grew from approximately AED202.3m to AED427.6m. Under his leadership, Tabreed successfully pioneered a new model of sustainable growth, delivering approximately 50% growth in consolidated connected capacity and 28% growth in revenues. Jasim played a major role in the strategic acquisition by ENGIE of 40% of Tabreed and most recently, he led Tabreed’s first foray outside of the GCC market with the signing a 30-year concession for a contracted cooling capacity of 20,000 RT in Amaravati, India.
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