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SHUAA Capital p.s.c., a financial investment company based in Dubai, UAE, held a Board of Directors meeting. During the meeting, the board adopted the consolidated reviewed financial statements for the period ending March 31, 2026, and discussed other business-related matters. The company is licensed and regulated by the UAE Capital Market Authority.

Tabreed reported a Q1 2026 revenue of AED 486 million and a net profit of AED 78 million, with strong cash generation and continued capacity expansion. The connected capacity increased by 18% year-on-year to 1.57 million Refrigeration Tons, driven by the PAL acquisition and organic growth. Revenue grew by 4% year-on-year, supported by a 9% increase in consumption volumes. The company maintained a high EBITDA margin of approximately 59%, reflecting operational efficiency. Cash flow generation was robust, with improved collections and a strong revenue model. The net profit was impacted by higher finance costs due to ongoing investment and refinancing activities, expected to normalize as new capacity increases.

On 14 May 2026, the Board of Directors of the National Central Cooling Company PJSC, also known as Tabreed, held a meeting. During this meeting, they approved the unaudited interim financial accounts for the period ending 31 March 2026. Additionally, they agreed to release these financial accounts and a press statement to both the Capital Market Authority and the Dubai Financial Market.