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02/02/2018 05:18 AST
National Central Cooling Co. plans to acquire assets in markets like Saudi Arabia and Egypt starting this year as the Abu Dhabi-based company seeks to expand.
"We're always keen on acquisitions, and Saudi Arabia is also a potential market we're looking at," Chief Executive Officer Jasem Hussain Thabet said in a Bloomberg TV interview. "We'd potentially be looking at markets in North Africa and India."
The company, also known as Tabreed, would seek to use project financing to fund the acquisitions while contributing about 20 per cent to 25 per cent of the deal value from its own cash, he said. Tabreed has about Dh1.1 billion ($299 million) in cash and credit lines available, Thabat said, meaning it could target assets valued at about $1 billion.
Gulf News
15/03/2018
National Central Cooling Company (Tabreed) has acquired the remaining 50 per cent of the shares in S&T Cool District Cooling Company, a major district cooling provider on Reem Island in Abu Dhabi, UA
Trade Arabia
14/03/2018
National Central Cooling Company (Tabreed), on Tuesday announced the acquisition from Aldar Properties of 50 per cent shareholding in S&T Cool District Cooling Company on Reem Island in Abu Dhabi for
Gulf News
01/02/2018
The National Central Cooling Company (Tabreed) is looking at growth opportunities in the Middle East beyond its Arabian Gulf footprint, its chief financial officer said on Wednesday, on the back of a
The National
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| TAQA | 3.57 | 0.05 (1.42 |
| ACWAPOWER | 246.40 | -2.20 (-0.89 |
| DEWA | 2.78 | 0.02 (0.72 |
| SAUDIELECTRICITY | 14.96 | 0.50 (3.45 |
| EMPOWER | 1.69 | 0.03 (1.80 |
26/06/2025
Specialized Medical Company (SMC), one of Saudi Arabia's leading healthcare providers, made its trading debut on the Saudi Exchange following a successful initial public offering (IPO) that raised SA
Trade Arabia
26/06/2025
Sharjah-headquartered budget carrier Air Arabia has announced the resumption of flights from its hub to various destinations across Iran, Iraq, Georgia, and other key cities, effective Tuesday, July
Gulfnews
26/06/2025
Commercial Bank, a leader in digital innovative solutions, recently held a joint workshop with Qatar Development Bank (QDB) represented by 'Qatar Exports', titled 'Contract Financing Workshop' to sho
The Peninsula
26/06/2025
Borouge, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, is collaborating with Honeywell to conduct a proof of concept for AI-powered autonomous op
Trade Arabia
26/06/2025
Mashreq, one of the leading financial institutions in the MENA region, has announced the opening of its representative office in Turkiye, reinforcing its long-standing commitment to supporting Turkis
Trade Arabia
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