Tabreed’s Q1 net profit rises by 4%

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SUNAINA RANA / Emirates Business

Abu Dhabi-based National Central Cooling Company, Tabreed has announced an increase in its 2016 first quarter results. Tabreed has witnessed a robust growth of 4 percent and posted AED63 million in their quarterly financial results. Considering the financial performance of the company, it seems to continue its drive towards strong and effective operations across the Gulf region.
Jasim Husain Thabet, Tabreed’s Chief Executive Officer, said, “Tabreed today has the financial strength and operational know-how to leverage. Company has established a regional leading presence in the utility infrastructure, with its 69 district cooling plants located across the GCC delivering over 977,000 RT to many of the region’s critical infrastructure projects.” “We are hoping for a further more development and growth during rest of the year. We aim to imprint our regional footprint to underpin our strong performance, and to present us with potential growth opportunities,” added Thabet.
Tabreed has 61 plants in the UAE, 3 in Qatar, 2 each in Saudi Arabia and Oman and 1 in Bahrain. The company is active in providing energy-efficient, cost-effective and environmentally-friendly district cooling solutions. It also delivers 977,037 RT to major residential, commercial, government and private projects across the GCC.

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