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Al Mouj Muscat awards district cooling concession to Tabreed Oman

MUSCAT: Al Mouj Muscat, the Sultanate of Oman’s premium lifestyle destination, has signed an agreement with Tabreed Oman, subsidiary of Tabreed the world’s leading district. ....

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Tabreed acquires 100% stake in district cooling scheme at Al Maryah island

Tabreed will continue to operate the Al Maryah scheme under a 30-year exclusive concession granted in 2014 by Al Sowwah Square Properties ....

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Dubai district cooling firm Tabreed divests stake in Qatari joint venture

Dubai district cooling firm Tabreed has divested its stake in joint venture firm Qatar Cool via a sale to United Development Company , the company said in a statement on Tuesday. ....

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Tabreed H1 net profit surges 4% to Dh233.5m

The Abu Dhabi headquartered company said its group revenue jumped by 22 per cent to Dh869 million in H1 2021 from Dh710 million a year ago. ....

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Tabreed reports higher profit as revenue grows by a fifth

“We also continue to see positive results from our extensive involvement in the UAE’s push for sustainability. Our plants are modern, clean, efficient, reliable and instrumental in reducing environmental impact. That’s undoubtedly good for business and we’re at the very heart of this progressive country’s green agenda.”
Tabreed, in which French utility Engie and Mubadala Investment Company own significant stakes, currently operates 86 district cooling plants across the Gulf, 73 of which are in its home market in the UAE. It operates five plants in Oman, three in Saudi Arabia and one in Bahrain.
The company is currently in talks with fellow shareholders in Qatar Cooling Company about a potential sale of its stake, according to a note in its financial statements. It expects a deal to be reached within the next 12 months. ....

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