Press releases, Reports & Disclosures for National Central Cooling Co.

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.

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.

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.

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.