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National Central Cooling Co.

National Central Cooling Co.

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Pressreleases, Reports and Disclosures for National Central Cooling Co.

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Dubai Financial Market News profile image
Dubai Financial Market News
4 months ago
News Update From National Central Cooling Co.
Disclosure: Result of Earnings Call

On August 8, 2025, the National Central Cooling Company (Tabreed) held an earnings call at 3 PM to discuss its financial results for the period ending June 30, 2025. The documents related to the earnings call are available on Tabreed's Investor Relations website. The communication is addressed to Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Hamed Ahmed Ali, CEO of the Dubai Financial Market. The letter is signed by Sean Magee, the Company Secretary.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
4 months ago
News Update From National Central Cooling Co.
Disclosure: Press release regarding financial results for the 2nd QTR of 2025

Tabreed reported a 3% year-on-year increase in revenue to AED 1.11 billion for the first half of 2025, driven by higher cooling demand and significant capacity additions. Net profit rose 2.5% to AED 276 million, supported by business growth and strong EBITDA margins. The company proposed its first-ever interim dividend of 6.5 fils per share for H1 2025. Tabreed added a record 41.6k Refrigeration Tons (RT) in H1 2025, nearly doubling the capacity added in 2024, bringing total capacity to 1.37 million RT. The acquisition of PAL Cooling is expected to add over 182k RT, ensuring long-term growth. The company also strengthened its financial position through refinancing, allowing for continued investment and dividend payouts.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
4 months ago
News Update From National Central Cooling Co.
Disclosure: Financial statements for the 2nd QTR of 2025

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
4 months ago
News Update From National Central Cooling Co.
Disclosure: Results of Board Decisions by Passing

On August 7, 2025, a circular resolution was passed by the Board of Directors of the National Central Cooling Company PJSC (Tabreed). The resolution, in accordance with Article 36 of the Disclosure and Transparency Regulations, approved the company's unaudited interim accounts for the period ending June 30, 2025. It also authorized the release of these accounts and a press release to the Securities and Commodities Authority and the Dubai Financial Market. Additionally, the board approved the convening of a General Assembly of shareholders at Tabreed's offices in Masdar City, Abu Dhabi, on September 15, 2025, at 11:00 am, pending approval from the Securities and Commodities Authority.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
5 months ago
News Update From National Central Cooling Co.
Disclosure: Earnings Call

The National Central Cooling Company (Tabreed) will hold an earnings call on 8th August 2025 at 3:00 PM to discuss the financial results for the period ending 30th June 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 notice is signed by Sean Magee, the Company Secretary.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
5 months ago
News Update From National Central Cooling Co.
Disclosure: Board Decisions by Passing

The document is a notification addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, regarding a decision by the Board of Directors of the National Central Cooling Company PJSC. In accordance with Article 36/11 of the Disclosure and Transparency Regulations, a Circular Resolution will be distributed to the Board on 7 August 2025 at 10 am. The resolution will cover the company's financial results for the first half of 2025, ending on 30 June, as well as its business and operations. The notification is signed by Nadia Bardawil, Chief Legal Counsel.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From National Central Cooling Co.
Disclosure: Notification from the company

Sean Magee, Secretary of the Board of Directors, informs H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and H.E. Hamid Ali, CEO of the Dubai Financial Market, about Tabreed's acquisition of PAL Cooling Holding LLC. The acquisition involves a newly formed joint venture between Tabreed and DIF Infra 7 Participations 8 B.V., each owning 50%. The enterprise value of the transaction is approximately AED 4.1 billion, with an equity value of AED 3.8 billion, pending regulatory approvals. PAL Cooling Holding LLC fully owns eight subsidiary companies operating five district cooling plants under long-term agreements, with additional plants under development in Abu Dhabi. Further details are provided in attached forms, and contact is encouraged for more information.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From National Central Cooling Co.
Disclosure: Press release

Tabreed and CVC DIF have partnered to acquire PAL Cooling Holding from Multiply Group for approximately AED 3.8 billion. The acquisition includes eight long-term concessions serviced by five district cooling plants in Abu Dhabi, with significant growth potential to reach an operational connected load of around 600,000 refrigeration tons. PAL Cooling, established in 2006, is a key player in the UAE district cooling market, with partnerships with major developers like Aldar Properties. The acquisition aligns with Tabreed's strategic goals to support Abu Dhabi's real estate projects and meet the increasing demand for sustainable cooling. CVC DIF highlighted PAL Cooling's long-term contracts in a rapidly growing urban environment. The deal is pending regulatory approvals.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
6 months ago
News Update From National Central Cooling Co.
Disclosure: Press release

The UAE Ministry of Defence, in collaboration with Tabreed and Emerge, has completed a project to integrate solar energy into two district cooling plants in Abu Dhabi. This initiative, part of a partnership agreement signed in March 2024, involves the installation of approximately 4,000 solar panels, providing 2.4 megawatts of clean electricity to the cooling plants. The project aims to reduce reliance on the electricity grid during peak times and cut CO2 emissions by over 2,600 tons annually. This move aligns with the UAE Armed Forces Climate Change Strategy to reduce carbon emissions. Tabreed's CEO emphasized the company's commitment to sustainability and diversifying its energy mix, while Emerge highlighted the growing trend of distributed solar solutions in the UAE.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
7 months ago
News Update From National Central Cooling Co.
Disclosure: Result of Earnings Call

The National Central Cooling Company (Tabreed) held an earnings call on 14 May 2025 at 3 PM to discuss its financial results for the period ending on 31 March 2025. The documents related to this earnings call are available on the company's website under the Investor Relations section. The communication is addressed to 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, from Sean Magee, the Company Secretary.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
7 months ago
News Update From National Central Cooling Co.
Disclosure: Press release regarding financial results for the 1st QTR of 2025

Tabreed, a leading district cooling company, reported its Q1 2025 financial results, showing increases in both EBITDA and net profit compared to Q1 2024. EBITDA rose by 4% to AED 283 million with a margin of 61%, while net profit after tax grew by 3% to AED 115 million. Key developments included raising USD 700 million through a Green Sukuk, which helped refinance debt and improve the balance sheet by converting short-term debt to long-term maturities and reducing net debt by 3%. Additionally, Tabreed announced a significant concession agreement with Dubai Holding Investments to provide district cooling services to Palm Jebel Ali, requiring an investment of AED 1.5 billion. This deal is the largest in the company's history, representing a major milestone. Shareholders also approved a cash dividend of 15.5 fils per share for 2024, yielding 5.6% at the current share price.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
7 months ago
News Update From National Central Cooling Co.
Disclosure: Financial statements for the 1st QTR of 2025

1. Attached Document

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