Tabreed
Growth Score40DXBi Rank73Heat Score100National Central Cooling Company PJSC
The world's leading district cooling company
Media
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Tabreed delivers resilient H1 2026 performance with strong cash generation and continued growth
Interim CEO steps in at Tabreed
Tabreed and CVC DIF to acquire Abu Dhabi's PAL Cooling from Multiply Group (completion reported Oct 2025)
Palm Jebel Ali district cooling concession agreement with Dubai Holding Investments
Acquisition of PAL Cooling Holding (in partnership with CVC DIF)
Overview
Growth Score
Steady
Heat Score
Trending up
Details
- Operating Status
- Active
- Company Type
- Public
- Headquarters
- Abu Dhabi, United Arab Emirates
- Founded
- 1998
- Company Size
- 1000+ employees
- Revenue
- AED 2-2.5 billion annually (FY2025 revenue reported as approx. AED 2.456 billion)
- Website
- tabreed.ae
Stock listing
Dubai Financial Market (DFM): TABREED
Products & Services
District Cooling Services
Core business: centralized chilled-water production and distribution to commercial, residential and landmark developments (e.g. Burj Khalifa, Dubai Mall, Louvre Abu Dhabi, Yas Island).
Thermal Energy Storage
Storage solutions that shift cooling load to off-peak periods to improve grid and plant efficiency.
Geothermal Cooling Plant
700,000 RT geothermal-based cooling plant cited among Tabreed's newer infrastructure developments.
Solar-integrated Cooling Facilities
Solar power integration deployed at two Abu Dhabi district cooling facilities to reduce carbon intensity.
Saudi Tabreed / Tabreed Egypt / Tabreed Oman / Tabreed Bahrain / Tabreed India
Regional operating subsidiaries extending district cooling services across GCC, Egypt and India.
People
Technology
Tech stack
Financials
Dubai Financial Market (DFM): TABREED
Stock
Funding rounds
Projects
AED 1.8 billion new bank debt raise
In Q4 2025, Tabreed raised AED 1.8 billion in new bank debt to support strategic growth initiatives and optimize its capital structure, as disclosed in FY2025 results.
$490M
Dec 31, 2025
City Tower 1 District Cooling Connection
Tabreed connected its Dubai district cooling network to City Tower 1, a 93-storey mixed-use development on Sheikh Zayed Road by H&H, supplying 5,300 Refrigeration Tons.
Sep 11, 2025
Acquisition of PAL Cooling Holding (in partnership with CVC DIF)
Tabreed, alongside CVC DIF (infrastructure arm of CVC), acquired PAL Cooling Holding from Multiply Group in a deal valued at approximately AED 3.8-3.87 billion equity value, covering eight long-term concessions across Abu Dhabi's main island and Al Reem Island with five operational district cooling plants (182,000 RT), expected to expand to ~600,000 RT across nine plants. Deal signed mid-2025 and closed 13 October 2025.
$1.1B
Jun 30, 2025
Palm Jebel Ali District Cooling Concession
Tabreed entered a concession agreement with Dubai Holding Investments (Tabreed 51%, Dubai Holding Investments 49%) to exclusively provide district cooling to Palm Jebel Ali, a 250,000 RT concession requiring an estimated AED 1.5 billion investment - the largest greenfield deal in Tabreed's 27-year history. Closed 13 October 2025.
$408M
Mar 1, 2025
Sustainable Cooling Innovation Lab and Startup Incubator with IFC and IIT Jammu
Tabreed India, the International Finance Corporation (IFC), and IIT Jammu launched a Cooling Innovation Lab and startup incubator in India to develop and pilot climate-smart cooling technologies (AI/IoT, nanotechnologies, renewable energy systems), part of IFC's TechEmerge Sustainable Cooling Innovation program.
Dec 20, 2023
Palm Jebel Ali district cooling concession agreement with Dubai Holding Investments
Tabreed executed a joint venture concession agreement for the Palm Jebel Ali development, covering approximately 250,000 refrigeration tonnes of cooling capacity, valued at around AED 1.5 billion, funded through phased strategic and project-level debt arrangements.
$408M
Oct 13, 2025
AED 2.55 billion acquisition finance facility for PAL Cooling deal
Multi-tranche senior secured financing facility of AED 2.55 billion arranged to support Tabreed's acquisition of PAL Cooling; recognized as 'Acquisition Finance Deal of the Year' at the Global Banking & Markets Awards Middle East 2026.
$694M
Jun 25, 2026
AED 1.8 billion dual-tranche green facility
Tabreed secured an AED 1.8 billion dual-tranche green facility, recognized as 'Sustainable Loan Deal of the Year' at the Global Banking & Markets Awards Middle East 2026, underscoring its sustainable finance strategy.
$490M
Jun 25, 2026
Tabreed and CVC DIF acquire PAL Cooling Holding from Multiply Group
Tabreed, in partnership with CVC DIF, acquired Abu Dhabi's PAL Cooling Holding from Multiply Group for approximately AED 3.87 billion (~$1 billion), adding roughly 600,000 refrigeration tonnes across eight Abu Dhabi concessions with long-term contracts averaging 25 years. Deal completed October 2025.
$1.1B
Oct 13, 2025
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