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UAE cooling major Tabreed to allow 100 percent foreign ownership in the company

By District Energy posted 12-21-2022 10:49

  

Arabian Business

Summary

National Central Cooling Company (Tabreed) said it has decided to increase the company’s foreign ownership limit (FOL) from 49 percent to 100 percent.

In a disclosure made to the Dubai Financial Market (DFM) on Tuesday, Tabreed said it would also activate its decision to increase the individual ownership limit from 20 percent to 100 percent from the close of December 23, 2022 trading session.

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