In a strategic move that underscores its commitment to nurturing internal talent and driving future growth, National Central Cooling Company PJSC, commonly known as Tabreed, has appointed Dr Yousif Al Hammadi as its new Chief Executive Officer. This appointment marks a significant milestone for the UAE-based utility company, as it is the first time a CEO has been appointed from within the group.

Dr Yousif Al Hammadi's career at Tabreed spans over 12 years, during which he has held pivotal roles in Projects, Business Development, and Asset Management. His ascent to the executive leadership team as Chief Asset Management Officer in 2022 and his subsequent role as Interim CEO in January 2026, highlight his integral contributions to the company's growth trajectory.

Dr Yousif's extensive experience, not only within Tabreed but also across prestigious organizations such as Mubadala, ADNOC, and the Ministry of Interior, positions him uniquely to steer the company through its next phase of expansion. His leadership has been instrumental in several key transactions, including the acquisition of the Downtown Dubai district cooling network and the Palm Jebel Ali concession.

Dr Bakheet Al Katheeri, Tabreed’s Chairman, emphasized the strategic importance of this appointment, noting that as demand for sustainable cooling solutions continues to rise, the company requires leadership with deep industry expertise and strategic foresight. Dr Yousif's appointment reflects Tabreed's dedication to empowering UAE national talent and fostering high-performing individuals into senior roles.

As Tabreed continues to play an essential role in the UAE's utilities infrastructure and the broader GCC region, the company is well-positioned to capitalize on emerging opportunities in the district cooling market. With a robust portfolio of 83 plants and a commitment to delivering energy-efficient, cost-effective, and environmentally-friendly solutions, Tabreed is poised for sustained growth.

For investors, Dr Yousif's appointment signals a stable and promising future for Tabreed. His deep institutional knowledge and ability to forge trusted relationships with investors and stakeholders are likely to contribute positively to the company's long-term value. Given the strategic leadership in place and the company's solid market position, the recommendation for investors is to hold their positions in Tabreed.