
National Central Cooling Co.
Pressreleases, Reports and Disclosures for National Central Cooling Co.
Tabreed, a leading district cooling company, has partnered with Sparklo, a UAE-based cleantech firm, to enhance the UAE's recycling infrastructure and promote sustainability. The collaboration involves installing 16 Sparklomat reverse vending machines across the country to facilitate the recycling of plastic bottles and aluminum cans in exchange for digital rewards. One machine is already set up at Tabreed's headquarters, with the remaining 15 to be placed in high-traffic areas like Ferrari World Abu Dhabi and various malls. The initiative aims to collect over four million containers annually, potentially preventing around 637,400 kilograms of CO₂ emissions each year. This effort supports the UAE's Net Zero 2050 and Circular Economy Policy goals by encouraging sustainable practices through incentives. Both Tabreed's CEO, Khalid Al Marzouqi, and Sparklo's founder, Maxim Kaplevich, emphasized the importance of integrating sustainability into everyday life and the role of innovation and partnerships in achieving environmental targets.
On 14 November 2025, Tabreed, the National Central Cooling Company (PJSC), held an earnings call at 3 PM to discuss its financial results for the period ending 30 September 2025. The documents related to this earnings call are available on the company's Investor Relations website. The correspondence is addressed to H.E. Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is signed by Sean Magee, the Company Secretary.
Tabreed reported a revenue of AED 1.87 billion for the first nine months of 2025, with a 4.5% increase in total connected capacity year-on-year. The company achieved a record organic capacity addition of 52.9k Refrigeration Tons (RT), more than double the total in 2024, driven by new connections in the UAE and other markets. Revenue rose by 1% year-on-year, supported by fixed capacity revenue and long-term agreements, despite milder weather. EBITDA increased by 5% to AED 975 million, with a margin of 52.2%, due to cost discipline and efficiency improvements. The company finalized the acquisition of PAL Cooling and the Palm Jebel Ali concession, securing portfolio growth. Tabreed was included in the Emerging Markets Small Cap Index, reflecting its growing visibility among global investors. An interim dividend of 6.5 fils per share, totaling AED 184.9 million, was approved for the first half of 2025. Net profit was AED 420 million, slightly down from AED 425 million the previous year, mainly due to higher finance costs from a recent Green Sukuk issuance. Excluding these costs, the adjusted net profit would have increased by approximately 5% year-on-year.
On November 13, 2025, the Board of Directors of the National Central Cooling Company PJSC, also known as Tabreed, held a meeting. During this meeting, the board approved the company's unaudited interim financial statements for the period ending September 30, 2025. They also agreed to release these financial statements and a press release to the Securities and Commodities Authority and the Dubai Financial Market. Additionally, the board accepted the resignation of Tabreed's CEO, Khalid Al Marzooqi, who will retire effective January 2, 2026. A successor will be announced at a later date.
The National Central Cooling Company (Tabreed) will hold an earnings call on 14 November 2025 at 3:00 PM to discuss its financial results for the period ending 30 September 2025. The communication is addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. The letter is signed by Sean Magee, the Company Secretary.
The document is a notification dated 10 November 2025, addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. It informs them of a scheduled board meeting for the National Central Cooling Company (PJSC) on 13 November 2025 at 10:30 AM. The meeting will focus on reviewing the financial results for the third quarter ending 30 September 2025 and discussing the company's business and operations. The notification references Article 36/11 of the Disclosure and Transparency Regulations. It is signed by Sean Magee, the Company Secretary.
Tabreed, a leading district cooling company, will be added to the MSCI Emerging Markets Small Cap Index effective November 24, 2025, enhancing its visibility among global investors. This inclusion reflects Tabreed's growth, strong performance, and increasing investor confidence in its long-term strategy. The company also announced its first-ever interim dividend for the first half of 2025, amounting to AED 184.9 million. Significant milestones for Tabreed this year include completing major transactions like the PAL Cooling acquisition and the Palm Jebel Ali concession, which have expanded its platform and strengthened its earnings potential. The inclusion in the MSCI index is expected to boost Tabreed's visibility in global capital markets, increase share liquidity, and attract more investors.
Tabreed, a leading district cooling company, has settled its USD 500 million Trust Certificates due in 2025, originally issued in 2018. This Sukuk was oversubscribed by 50% and carried a 5.5% profit rate. Prior to maturity, Tabreed repurchased certificates worth USD 249.5 million, and has now settled the remaining USD 250.5 million. The settlement is part of Tabreed’s proactive debt management strategy, highlighting its strong liquidity and disciplined capital structure. The company recently raised an AED 1.8 billion Shariah-compliant debt facility. Executives emphasized the company's financial strength, commitment to balance sheet resilience, and investment-grade ratings from Moody’s and Fitch.
Sean Magee, Secretary of the Board of Directors, informed H.E. Waleed Al Awadhi, CEO of the Securities & Commodities Authority, and H.E. Hamid Ali, CEO of the Dubai Financial Market, about the redemption and cancellation of US$500 million Sukuk issued in October 2018. The Sukuk matured and was redeemed as of 31 October 2025, and subsequently canceled by HSBC Bank plc. Prior to maturity, Tabreed had repurchased trust certificates worth USD 249.5 million, and the remaining USD 250.5 million has now been settled. The letter extends greetings and offers further contact for more information.
Tabreed, a company specializing in the development and supply of district cooling services, announced that it has secured new financing facilities worth 1.8 billion AED. This financing will support its strategic initiatives for growth and capital structure improvement. The funding, compliant with Islamic Shariah law, consists of two tranches in AED and USD, reflecting Tabreed's commitment to providing comprehensive financing solutions aligned with investor preferences. The financing includes a green finance component, with one billion AED allocated within a green financing framework, emphasizing sustainability and environmental preservation. This move will enable Tabreed to accelerate its expansion and enhance long-term value while maintaining strong financial practices. The financing was completed in partnership with Emirates NBD and Mashreq Bank.
Sean Magee, Secretary of the Board of Directors, announced on 28 October 2025 that Tabreed has secured a green loan facility valued at AED 1.8 billion. The financing, provided by Emirates NBD and Mashreq, makes up approximately 63% of the company's total capital. The loan has a six-year term and is structured as a dual-tranche facility in AED and USD, complying with Sharia principles. An equivalent of AED 1 billion is designated as the green tranche. The purpose of the loan is to support Tabreed's future operational needs and leverage potential growth opportunities.