Tuesday 26 May 2015
 
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Tabreed

Tabreed mulls $272m bond buyback

National Central Cooling Company (Tabreed) will ask shareholders for approval to buy back 28 per cent of the bonds held by its largest shareholder Mubadala, the Abu Dhabi-based utility said on Wednesday. Tabreed, which has about 6

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Tabreed mulls $272m bond buyback

National Central Cooling Company (Tabreed) will ask shareholders for approval to buy back 28 per cent of the bonds held by its largest shareholder Mubadala, the Abu Dhabi-based utility said on Wednesday. Tabreed, which has about 6

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Tabreed reappoints Ridlington as CFO

Dubai-listed Tabreed has reappointed Steve Ridlington as chief financial officer after a four-year hiatus abroad, the UAE utility said on Wednesday. Ridlington, who was CFO from 2009 to 2011, will return to Tabreed - formally call

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Tabreed net profit increases 20pc to $88m

National Central Cooling Company (Tabreed), a leading Abu Dhabi-based district cooling utility company, has posted  an profit increase of 20 per cent to Dh325.7 million ($88.6 million). In addition to connecting over 118,000

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Tabreed confirms $708m debt facility

United Arab Emirates utility Tabreed said on Monday it had completed the refinancing of debt facilities worth Dh2.6 billion ($707.9 million), confirming a Reuters story published the previous day. The new long-term facility was ar

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Tabreed confirms $708m debt facility

United Arab Emirates utility Tabreed said on Monday it had completed the refinancing of debt facilities worth Dh2.6 billion ($707.9 million), confirming a Reuters story published the previous day. The new long-term facility was ar

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UAE cooling firm Tabreed raises $708m loan

United Arab Emirates utility Tabreed has raised a Dh2.6 billion ($707.9 million) seven-year loan facility from three banks, two banking sources familiar with the matter said on Sunday. National Central Cooling Company, Tabreed'

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Tabreed posts 28pc increase in Q3 profit

UAE’s utility Tabreed reported a 28 per cent rise in third-quarter net profit on Thursday as revenue increased and it cut finance costs. The Dubai-listed firm made a net profit of Dh95.86 million ($26.1 million) in the three

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Tabreed wins $286m cooling services contract

UAE's Tabreed is heading a consortium that has acquired a concession to provide district cooling services in Abu Dhabi worth 1.05 billion dirhams ($285.9 million), the firm said on Thursday. The 30-year contract involves buyin

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Tabreed wins $1.6bn deal from armed forces

Dubai-listed National Central Cooling Company (Tabreed) on Tuesday said it had won a 6 billion dirhams ($1.63 billion) contract from the UAE armed forces to supply cooling services for 20 years. The news boosted Tabreed's shar

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