National Central Cooling Co.

Ticker/ISIN
TABREED
AEN000501017
Market/Country
Dubai Financial Market
United Arab Emirates
Latest Stock Price
3.01 AED
2024-07-12

Year to date

-0.16 %

3 months

0.02 %

6 months

-0.12 %

1 year

-0.06 %

3 years

0.00 %

5 years

0.00 %

Country of Origin: United Arab Emirates

Tabreed is a UAE-based utility company that provides energy-efficient, cost-effective and environmentally-friendly year-round district cooling solutions in the GCC.  Founded in 1998, and listed on the Dubai Financial Market, Tabreed’s cooling systems are an integral part of the region’s infrastructure. The company now delivers over a million Refrigeration Tons (RT) to major government, commercial, and residential projects. Tabreed owns and operates 83 plants in its portfolio across the GCC..

Latest Pressrelease Summaries

National Central Cooling Co.
Tabreed, a leading district cooling company, participated in the Big 5 Construct Egypt event, engaging with developers, architects, planners, engineers, consultants, and government officials to discuss the benefits of district cooling for sustainable cities. The event, which focuses on technology and sustainability, provided a platform for Tabreed to highlight the efficiency and environmental advantages of district cooling. CEO Khalid Al Marzooqi emphasized that district cooling uses 50% less energy than conventional air conditioning and significantly reduces carbon emissions. Tabreed already operates in Egypt, providing cooling for Downtown Katameya in New Cairo, and sees potential for further expansion amid the country's construction boom.
National Central Cooling Co.
Tabreed, a leading district cooling company, published its fourth annual ESG Report for 2023, highlighting significant progress in decarbonizing cooling. The report details a reduction in energy consumption by 2.52 billion kWh and a prevention of 1.5 million metric tons of CO2 emissions. In 2023, Tabreed integrated renewable energy into its operations, including the launch of the region's first geothermal-powered cooling plant in partnership with ADNOC. The company also purchased 116,000 MWh of solar-sourced Clean Energy Certificates and participated in the Dubai Financial Market's carbon credits trading pilot. Additionally, Tabreed engaged in various Corporate Social Responsibility initiatives, supporting startups and young entrepreneurs focused on climate solutions and partnering with Emirates Red Crescent during Ramadan.
National Central Cooling Co.
The document is a communication dated 15 May 2024, addressed to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority in Abu Dhabi, UAE, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market in Dubai, UAE. The subject of the letter is the earnings call of the National Central Cooling Company (Tabreed) held on the same day. The call, which took place at 3pm, discussed the financial results for the period ending on 31 March 2024. The earnings call documents are available on the company's website, under the Investor Relations section. The letter is signed by Sean Magee, the company secretary.
National Central Cooling Co.
On 14 May 2024, a board meeting was held by the National Central Cooling Company (Tabreed). According to Article 36/7 and 36/11 of the Disclosure and Transparency Regulations number 3 of 2000, the board approved the Un-Audited Interim Accounts for the period ending 31 March 2024. Additionally, the board approved the release of these accounts, along with a press release, to the Securities and Commodities Authority and the Dubai Financial Market. The information was communicated by Sean Magee, the company's secretary.
National Central Cooling Co.
Tabreed, the UAE's leading international district cooling company, has released its Q1 2024 financial results, showing a 9% year-on-year increase in consumption volumes for its cooling services. The company reported a net profit before tax of AED 122 million, a 4% increase from the same period in 2023. Tabreed's EBITDA margin was 58%, compared to 57% in Q1 2023, with group revenue of AED 468m for Q1 2024. The company also achieved a cash conversion rate of 90% and a net debt to EBITDA ratio of 3.97x at the end of Q1 2024. The company has repurchased a total of USD 240 million (AED 880 million) of its outstanding sukuk due in 2025, as part of its active management of its debt profile.
National Central Cooling Co.
On 14 May 2024, a board meeting was held by the National Central Cooling Company (Tabreed). The meeting, in accordance with Disclosure and Transparency Regulations number 3 of 2000, approved the Un-Audited Interim Accounts of the company for the period ending 31 March 2024. The board also approved the release of these accounts and a press release to the Securities and Commodities Authority and the Dubai Financial Market.
National Central Cooling Co.
The text is a formal notification dated 9th May 2024, addressed to Dr. Maryam Butti Al Suwaidi, CEO of Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market. The document, sent by Sean Magee, the Company Secretary of National Central Cooling Company (PJSC), is to inform them about a board meeting scheduled for 14th May 2024. The meeting will review the financial results for the first quarter ended 31 March 2024 and discuss the business and operations of the company. This notification is in accordance with Article 36/11 of the Disclosure and Transparency Regulations number (3) for the year 2000 (as amended).
National Central Cooling Co.
The CEO of the Securities & Commodities Authority, Dr. Maryam Butti Al Suwaidi, and the CEO of Dubai Financial Market, Mr. Hamed Ahmed Ali, received a letter on 9th May 2024 regarding an upcoming earnings call. The National Central Cooling Company (Tabreed) will hold an earnings call on 15th May 2024 at 3.00pm to discuss the financial results for the period ending on 31st March 2024. The letter was signed by Sean Magee, the Company Secretary.

Threads

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Dubai Financial Market News

Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Press release

Tabreed, a leading district cooling company, participated in the Big 5 Construct Egypt event, engaging with developers, architects, planners, engineers, consultants, and government officials to discuss the benefits of district cooling for sustainable cities. The event, which focuses on technology and sustainability, provided a platform for Tabreed to highlight the efficiency and environmental advantages of district cooling. CEO Khalid Al Marzooqi emphasized that district cooling uses 50% less energy than conventional air conditioning and significantly reduces carbon emissions. Tabreed already operates in Egypt, providing cooling for Downtown Katameya in New Cairo, and sees potential for further expansion amid the country's construction boom.

1. Attached Document

ShareUkKhan

ShareUkKhan

Commented on RealEstateKings Transaction regarding National Central Cooling Co.

Ah, a cool move indeed! National Central Cooling Co. at 3.58 AED per share? Smart play in the Utilities sector. Diversifying beyond Real Estate, I see. Keep it up, my friend!
CashwariyaRai

CashwariyaRai

Commented on RealEstateKings Transaction regarding National Central Cooling Co.

Interesting move! National Central Cooling Co. could add a cool touch to your portfolio. Diversifying into Utilities might balance your Real Estate-heavy holdings. Best of luck! 🌟
Dubai Financial Market News

Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Press release

Tabreed, a leading district cooling company, published its fourth annual ESG Report for 2023, highlighting significant progress in decarbonizing cooling. The report details a reduction in energy consumption by 2.52 billion kWh and a prevention of 1.5 million metric tons of CO2 emissions. In 2023, Tabreed integrated renewable energy into its operations, including the launch of the region's first geothermal-powered cooling plant in partnership with ADNOC. The company also purchased 116,000 MWh of solar-sourced Clean Energy Certificates and participated in the Dubai Financial Market's carbon credits trading pilot. Additionally, Tabreed engaged in various Corporate Social Responsibility initiatives, supporting startups and young entrepreneurs focused on climate solutions and partnering with Emirates Red Crescent during Ramadan.

1. Attached Document

JohnnyDebt

JohnnyDebt

Commented on RealEstateKings Transaction regarding National Central Cooling Co.

Nice move snagging National Central Cooling at that price. Diversifying into utilities can balance the real estate volatility. Your portfolio's looking solid, mate! Keep up the good work.
Dubai Financial Market News

Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Result of Earnings Call

The document is a communication dated 15 May 2024, addressed to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority in Abu Dhabi, UAE, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market in Dubai, UAE. The subject of the letter is the earnings call of the National Central Cooling Company (Tabreed) held on the same day. The call, which took place at 3pm, discussed the financial results for the period ending on 31 March 2024. The earnings call documents are available on the company's website, under the Investor Relations section. The letter is signed by Sean Magee, the company secretary.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Results of BOD Meeting

On 14 May 2024, a board meeting was held by the National Central Cooling Company (Tabreed). According to Article 36/7 and 36/11 of the Disclosure and Transparency Regulations number 3 of 2000, the board approved the Un-Audited Interim Accounts for the period ending 31 March 2024. Additionally, the board approved the release of these accounts, along with a press release, to the Securities and Commodities Authority and the Dubai Financial Market. The information was communicated by Sean Magee, the company's secretary.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Press release

Tabreed, the UAE's leading international district cooling company, has released its Q1 2024 financial results, showing a 9% year-on-year increase in consumption volumes for its cooling services. The company reported a net profit before tax of AED 122 million, a 4% increase from the same period in 2023. Tabreed's EBITDA margin was 58%, compared to 57% in Q1 2023, with group revenue of AED 468m for Q1 2024. The company also achieved a cash conversion rate of 90% and a net debt to EBITDA ratio of 3.97x at the end of Q1 2024. The company has repurchased a total of USD 240 million (AED 880 million) of its outstanding sukuk due in 2025, as part of its active management of its debt profile.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Financial statements for the 1st QTR of 2024

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From National Central Cooling Co.

Disclosure: Results of BOD meeting

On 14 May 2024, a board meeting was held by the National Central Cooling Company (Tabreed). The meeting, in accordance with Disclosure and Transparency Regulations number 3 of 2000, approved the Un-Audited Interim Accounts of the company for the period ending 31 March 2024. The board also approved the release of these accounts and a press release to the Securities and Commodities Authority and the Dubai Financial Market.

1. Attached Document

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