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Tabreed sees net profit increase by 13% in Q3 2020

UAE-based National Central Cooling Company (Tabreed) has maintained a strong performance in a challenging environment amid COVID-19 and was able to outperform several key metrics year-on-year, a statement from the provider has said. Announcing its financial results for the third quarter,...


Blog Entry
Tabreed delivers 13% YoY increase in net profit to $100.7m in Q3 2020

Construction Week Dubai Financial Market-listed district cooling developer, the National Central Cooling Company (Tabreed) , has revealed its financial results for Q3 2020, reporting a 13% year-on-year (YoY) increase in its net profit to $100.73m (AED370m) in Q3 2020, compared to the same...


Blog Entry
Saudi Tabreed bags 3-year district cooling deal for Makkah

arabianindustry.com Summary Saudi-based Umm Alqura for Development and Construction Company has awarded a key contract to Saudi Tabreed to provide 12,000 refrigeration tons (RT) of cooling services to its leisure destination n Makkah for a three-year period. Umm Alqura for Development and...


Blog Entry
Bilfinger Signs First Digitalization Contract in Middle East with Tabreed

Chemical Engineering Summary Babcock Borsig Service Arabia Ltd. has signed its first digitalization contract with Saudi Tabreed Operations & Maintenance Co. This is the first digitalization awarding secured by Bilfinger Middle East for the region. Saudi Tabreed, a highly experienced...


Blog Entry
District cooling firm Tabreed reports 13% profit increase for H1

Arabian Business Summary Tabreed reported a 13% increase in first half profits, driven by the acquisition of an 80% stake in Downtown Dubai district cooling business from Emaar in Q2 this year. The company reported net profit of AED224.3m (up from AED199.36m), while revenue increased by 6%...


Blog Entry
Cooling industry supports fight against COVID-19, steps up climate action

UN Environment Programme Summary The cooling industry is one of the sectors with a vital behind-the-scenes role in the fight against the coronavirus (COVID-19) pandemic. It provides everything from the right temperature conditions to safely transport and store medicines, and keep patients...


Blog Entry
Tabreed Announces Q1 Financial Results And Covid-19 Countermeasures

Utilities Middle East Summary National Central Cooling Company PJSC (DFM: Tabreed), the leading international district cooling developer based in UAE, released today its consolidated financial results for the first three months of 2020, reporting net profit of AED 82.2 million, an increase...


Blog Entry
Tabreed announces acquisition of 80% share in Emaar District Cooling System in Dubai

Tabreed News Summary 150,000 RT downtown network serves iconic properties including the Burj Khalifa, the world’s tallest building. Tabreed has announced the acquisition of an 80% stake in Emaar Properties PJSC’s Downtown Dubai district cooling business at a cost of AED 2.48 billion (USD...


Blog Entry
Bader Al Lamki: 2020 will be a very important year for Tabreed

Construction Week Online Summary Dubai Financial Market-listed (DFM) National Central Cooling Company (Tabreed) had a stellar 2019, as the company posted a 3.1% spike in its net profit to $89.6m (AED329.1m) during the first nine months of 2019, compared to the same period in 2018. The Abu...


Blog Entry
Tabreed acquires Masdar City's 69,000RT district cooling plants

Construction Week Online Summary UAE’s district cooling developer National Central Cooling Company (Tabreed) has acquired Masdar City’s district cooling plants and concession with a total capacity of nearly 69,000RT. The plants provide cooling services to more than 2.7km2 of sustainable...