

Tabreed has appointed Arqaam Securities LLC as a liquidity provider for its shares on the Dubai Financial Market. This 12-month agreement aims to improve trading liquidity, enhance investor confidence, and benefit shareholders by introducing two-way quotes to the market. Arqaam Securities' share ownership will not exceed 5% of Tabreed's total outstanding shares. The initiative, which complies with regulations set by the Dubai Financial Market and the UAE Securities and Commodities Authority, is set to commence on 22 October 2025. Tabreed's CEO, Khalid Al Marzooqi, stated that the appointment aims to provide shareholders with greater flexibility and focus on sustainable, long-term value creation. Veselin Tilev from Arqaam expressed confidence that their services will enhance market depth and trading efficiency in the UAE.
Sean Magee, Secretary of the Board of Directors, announced that Tabreed has completed its one-year liquidity provision agreement with xCube on October 21, 2025. To continue enhancing the liquidity and active trading of Tabreed shares, a new 12-month agreement has been signed with Arqaam Securities, effective October 22, 2025. This move is part of Tabreed's ongoing efforts to support a dynamic and efficient market for its shares. For further information, interested parties are encouraged to reach out.
Tabreed has completed two major transactions, enhancing its growth and long-term earnings potential. The company acquired PAL Cooling, which is expected to increase its connected capacity by 13% with an additional 600,000 refrigeration tons (RT). This acquisition involves eight exclusive concessions on Abu Dhabi's main island and Al Reem Island. Tabreed also finalized a concession agreement with Dubai Holding Investments to provide district cooling services to Palm Jebel Ali, marking its expansion into a significant development in Dubai. These actions are part of Tabreed's strategy to expand its operational capacity, diversify its concession portfolio, and improve long-term cash flow visibility.
Sean Magee, Secretary of the Board of Directors, issued a notice on October 13, 2025, regarding the completion of the acquisition of PAL Cooling Holding LLC by a newly formed joint venture entity owned equally by Tabreed and Arctic Holding C.V. This follows a previous disclosure on June 30, 2025. The acquired company fully owns eight subsidiaries, operating five district cooling plants under long-term concession agreements, with additional plants under development in Abu Dhabi. The company commits to keeping the market informed with timely updates as the acquisition progresses. For further information, stakeholders are encouraged to reach out.
Tabreed and Johnson Controls have entered a long-term agreement to advance cooling technology, focusing on energy-efficient chillers that align with climate neutrality goals. This collaboration aims to enhance energy efficiency, reliability, and cost-effectiveness in district cooling, supporting regional climate strategies and corporate ESG priorities. The partnership will involve deploying next-generation centrifugal chillers and using Johnson Controls' platforms for performance analytics and system optimization. The agreement signifies Tabreed's expansion and commitment to growth, while Johnson Controls highlights the potential for improved cooling performance and reduced environmental impact.
Sean Magee, Secretary of the Board of Directors, addressed a notice dated 16 September 2025 to Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Hamid Ali, CEO of the Dubai Financial Market. The letter confirms the completion of contractual procedures for the Palm Jebel Ali project in Dubai, following a previous disclosure on 17 March 2025. The project, involving a long-term exclusive district cooling concession, has been awarded to PJA District Cooling OPCO L.L.C., a special purpose vehicle created by the National Central Cooling Company PJSC and Dubai Holding. The project will be executed in multiple phases with an expected cooling capacity of approximately 250,000 RTs, and construction for the initial phase is currently underway. The company commits to keeping the market informed with timely updates as the project progresses and invites further inquiries.
Tabreed has announced the approval of its first-ever interim dividend of 6.5 fils per share, totaling AED 184.9 million, for the first half of 2025. This decision follows a record performance, with revenue increasing by 3% year-on-year to AED 1.11 billion, driven by increased cooling demand and capacity expansion. The company added a record 41.6k RT of new connections in H1 2025, nearly double the capacity added in 2024, bringing the total connected capacity to 1.37 million RT, with significant contributions from the UAE and Saudi Arabia. Additionally, Tabreed's strategic acquisitions, including PAL Cooling and the Palm Jebel Ali concession, have expanded its total site capacity to approximately 2.6 million RT, supporting long-term growth and value creation.
On 15 September 2025, a General Assembly meeting of the National Central Cooling Company PJSC ("Tabreed") was held. During this meeting, a special resolution was approved to amend Article 30 of the company's Articles of Association. The amendment involves adding a new paragraph that allows the company to distribute annual dividends based on the annual general assembly's resolution following the Board of Directors' recommendation. Additionally, the company may distribute quarterly or semi-annual dividends to shareholders from operating profits or other profits, as decided by the general assembly or the Board of Directors. The Board is authorized to adopt, make, and execute these decisions.
Tabreed, a leading district cooling company, has connected its sustainable cooling system to City Tower 1 in Dubai, providing 5,300 Refrigeration Tons (RT) of cooling to the 93-storey building. Located on Sheikh Zayed Road, City Tower 1 includes residential units, office spaces, retail areas, and various amenities. Tabreed's CEO, Khalid Al Marzooqi, emphasized the company's role in supporting Dubai's development and energy efficiency goals. H&H, the developer of City Tower 1, partnered with Tabreed to ensure a high standard of living and service for residents, reflecting their ambition to redefine Dubai's urban landscape.
On September 10, 2025, the Board of Directors of the National Central Cooling Company PJSC, also known as Tabreed, held a meeting at 11:00 AM to discuss the company's business and operations. This meeting was conducted in accordance with Articles 36/7 and 36/11 of the Disclosure and Transparency Regulations number 3 of 2000, as amended.
The text is a notification about the upcoming Board Meeting of the National Central Cooling Company (PJSC), scheduled for 10 September 2025 at 11:00 AM. The meeting will focus on discussing 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. The notification is addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, 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 message is signed by Sean Magee, the Company Secretary.
The Board of Directors of the National Central Cooling Company PJSC (Tabreed) invites shareholders to attend the general assembly meeting on Monday, September 15, 2025, at 11:00 am UAE time. Shareholders can attend in person at the company's headquarters in Masdar City, Abu Dhabi, or virtually through an electronic link, which will be sent via SMS or email after registration. The meeting will cover agenda items including authorizing the chairman to appoint a secretary and a vote collector, and a special resolution to amend Article 30 of the Company's Articles of Association. This amendment allows for annual dividends to be distributed based on the annual general assembly's resolution upon the Board of Directors' recommendation. The company may also distribute quarterly or semi-annual dividends from operating or accumulated profits through resolutions by the general assembly or the Board of Directors, with the Board authorized to implement these decisions.