Shareholders of the National Central Cooling Company (Tabreed) have approved a historic interim dividend of 6.5 fils per share, the first in the company’s 27-year history. This decision follows a record-breaking first half of 2025, in which Tabreed saw its revenue rise by 3% to Dh1.11 billion and its net profit reach Dh276 million.
Fueling Growth and Shareholder Value
This dividend reflects the company’s strong performance and confidence in its future growth. Tabreed’s total connected capacity reached 1.37 million RT (refrigeration tons) in the first half of the year, almost double the capacity added in all of 2024. This growth was supported by strong cooling demand and key strategic moves, including the acquisition of PAL Cooling and the Palm Jebel Ali concession, which are the largest transactions in the company’s history. These deals have expanded the company’s total site capacity to approximately 2.6 million RT, laying a strong foundation for future growth and recurring cash flows.
Sustainability and Financial Strength
In addition to its operational success, Tabreed has strengthened its financial position with the issuance of a $700 million green sukuk, a key part of its commitment to embedding sustainability into its operations. This move, along with its investment-grade credit ratings, reinforces its role as a long-term partner in the region’s energy transition.
