Abu Dhabi, UAE, 15 January 2020: Bee’ah, the Middle East’s leading sustainability pioneer, and National Central Cooling Company (Tabreed), the leading international district cooling developer based in the UAE, have signed a partnership agreement to jointly explore the development of large-scale district cooling projects in the Emirate of Sharjah. The partnership was signed today by Khaled Al Huraimel, Group CEO of Bee’ah, and Bader Saeed Al Lamki, CEO of Tabreed. Under the agreement, Bee’ah and Tabreed will develop potential district cooling projects at locations across Sharjah. District cooling is more environmentally friendly and cost-efficient than traditional space cooling methods and in line with Bee’ah’s vision to drive a more sustainable quality of life. Commenting on the agreement, Bee’ah’s Al Huraimel said: “Bee’ah has made significant investments in sustainability and infrastructure in Sharjah to date. Our partnership with Tabreed is a further illustration of our continued commitment to seek new solutions that are more sustainable and cost-competitive. The UAE faces extreme weather conditions, especially during summer, but through new district cooling projects, we hope to tackle this issue through more energy-efficient measures.” Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “We are pleased to be partnering with Bee’ah to explore opportunities to bring reliable, sustainable and cost-efficient district cooling solutions to the Emirate of Sharjah. Our strong core business, innovative technology, experienced team and structuring capabilities have made Tabreed the partner of choice, and we look forward to contributing to the continued growth and long-term sustainability of the Emirate.” District cooling is a key part of the district energy systems that are the foundation of sustainable, economic and urban development. Ideal for large-scale, high density developments such as downtown business districts, airports, university campuses, residential towers and commercial establishments. District cooling relies on a centralized cooling plant that provide cooling to buildings within its grid. The plant supplies chilled water via insulated underground piping networks to a cluster of buildings in a service area, or district. Energy Transfer Stations (ETS) then utilizes the chilled water to force cold air inside the buildings to produce an air-conditioned environment with warm water then returning to the plant to be re-chilled and redistributed. In some cases, plants use nearby sea water instead of potable water, leading to further environmental benefits and water savings. District cooling is highly efficient and cost-effective, providing cost savings from building operations and maintenance to reduce energy consumption, while still efficiently delivering on cooling requirements. The collaboration is designed to increase the use of this energy-efficient district cooling solution among some of the largest projects in Sharjah. Space cooling represents up to 70 percent of electricity consumption at peak times in hotter countries such as the UAE. The International Energy Agency estimates that the energy used by such cooling will more than triple by 2050. With 60 to 80 percent less energy consumption than the average conventional cooling systems, centralized district cooling will play a major role in tackling this global challenge.

15 January 2019 – Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based international district cooling developer, has announced an agreement to acquire the Masdar City district cooling plants and concession, which will grow to provide efficient cooling services to more than 2.7 million sq.m of sustainable urban communities in Masdar City, with a total capacity of about 69,000RT. In line with the ethos of Masdar City, this will continue to be the most efficient and sustainable cooling system in the Middle East. This advancement represents a major milestone in Tabreed’s strategy of providing efficient cooling to sustainable cities around the world. In addition to the plant, Tabreed will also acquire the use of two deep geothermal wells located in Masdar City that are a part of a major research & development collaboration initiative, which will see Tabreed leverage its sector expertise and innovative approach to create unique, reliable and sustainable cooling solutions through geothermal technology. The agreement was announced during Abu Dhabi Sustainability Week (ADSW), a global platform that brings together a unique fusion of industry leaders and policy makers to share knowledge, implement strategies and deliver solutions that will help drive human progress. The signing was witnessed by Mr. Khaled Al Qubaisi, Chairman of Tabreed and CEO Aerospace, Renewables and ICT at Mubadala, and Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “At Tabreed, we are committed to developing sustainable technologies and innovative advanced cooling solutions that support the growth of sustainable urban communities. We will be integrating, in operating the plant, our state-of-the-art AI module control system that will more efficiently and economically adjust the plant’s operating parameters to the specific cooling requirements thus further reducing carbon emissions across the city and beyond.” “As an industry leader, our strategic and solid partnerships have allowed us to diversify our operations and venture into energy solutions such as geothermal technology. We look forward to the continuation of a highly successful partnership with Masdar as it paves the way to achieving the ambitious energy efficiency targets set for the city,” added Al Lamki. “This agreement reflects the progress Masdar City has made in developing its residential and commercial portfolio and our commitment to providing the most innovative solutions available,” said Yousef Baselaib, Executive Director, Sustainable Real Estate at Masdar. “By working with an industry-leading specialist in Tabreed, we can be sure our clients will benefit from the best cooling solutions, meeting the City’s needs now and in the future. Tabreed’s expertise in leveraging emerging technologies such as artificial intelligence will help Masdar City meet its sustainability objectives.” Masdar City is a world-renowned green city and one of the world’s most sustainable urban communities; it is home for some of Abu Dhabi’s most iconic and sustainable buildings, including the UAE Space Agency HQ, MAF Masdar City Center, IRENA HQ as well as Siemens HQ. It is a low-carbon development made up of a rapidly growing clean-tech cluster, business free zone and residential neighborhood with restaurants, shops and public green spaces. Sustainability is the key ethos of Masdar City, sharing Tabreed’s vision of efficient and low-emission urban developments. With over 20 years of operational excellence, Tabreed is the partner of choice for organizations interested in benefiting from environmentally friendly district cooling solutions that support the region’s energy sustainability strategy. With 80 district cooling plants across the region, Tabreed currently delivers over 1.16 million refrigeration tons to key developments, including iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Abu Dhabi’s Al Maryah Island, Yas Island, Dubai Metro, Dubai Parks and Resorts, Bahrain Financial Harbour in Manama, Kingdom of Bahrain and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia.

15 January 2020 – Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), the leading international district cooling developer based in the UAE, establishes ‘Tabreed Energy Services’, a new entity consolidating its service businesses to provide customers with an integrated set of consultancy, operations and maintenance services, that will help them optimize the energy efficiency of their buildings and developments.Building on more than 20 years’ of experience in offering management services as a complement to its core district cooling offering, the new company will allow building owners, both government and private sector, to access Tabreed’s deep expertise in optimising energy efficiency and in particular cooling systems, which are the largest driver of energy use.Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “Energy efficiency is a key pillar under the climate change discussion, and the UAE has set ambitious national targets as a part of its wider energy transformation strategy. The launch of Tabreed Energy Services positions us at the forefront of this rapidly growing market and enables customers to benefit from our extensive experience in enhancing efficiency within the cooling industry, as well as providing them with an end-to-end service offering.”“Tabreed Energy Services strengthens our existing district cooling business by capturing further operational synergies and enabling our delivery of fully-integrated cooling solutions.” He added.With operations commencing in 2020, Tabreed Energy Services will offer the full spectrum of integrated building energy services, including energy audits and consultancy, retrofitting and asset replacement, financing, operations and maintenance; offered through both performance-based contracts (ESCO) and traditional service models.With over two decades of operational excellence, Tabreed is the partner of choice for organizations interested in benefiting from environmentally friendly district cooling solutions. With 79 district cooling plants located throughout the region, Tabreed currently delivers over 1.16 million refrigeration tons to key developments including iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Dubai Metro, Ferrari World Abu Dhabi, Yas Water Park, Abu Dhabi’s Al Maryah Island, Bahrain Financial Market in the Kingdom of Bahrain and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia.

22 December, 2019 – Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), the leading international district cooling developer based in the UAE, has acquired an additional 8 percent stake in Saudi Tabreed, its district cooling investment vehicle in Saudi Arabia held jointly by Vision Invest, IDB Infrastructure Fund II of the Public Investment Fund of Saudi Arabia and others, bringing its ownership up to 28 percent.Khaled Al Qubaisi, Tabreed’s Chairman, said: “This acquisition underscores our commitment to supporting and fulfilling the current and future infrastructure needs of large scale developments throughout the Middle East and further cements our position as a leading international district cooling developer. Within Saudi Arabia, district cooling is becoming a vital part of complex urban infrastructure developments and we are pleased to be able to support the achievement of Saudi Vision 2030.”“Saudi Tabreed currently provides and operates 187,000 RT of cooling to projects including Jabal Omar Development in Mecca, ARAMCO in Dahran and King Abdullah Financial district. With the rapid growth and urbanization of the largest market in the GCC, Tabreed’s acquisition of an additional stake in Saudi Tabreed amounting to SAR 129 Million will further enhance its ability to capitalize on new business opportunities.” Al Qubaisi concluded.In line with the Saudi Vision 2030 and its strategic objectives of developing a vibrant society, thriving economy and ambitious nation, Saudi Tabreed works with the public sector through long term Build-Operate-Own-Transfer frameworks to optimise energy consumption by providing innovative district cooling solutions.Delivering on this, Saudi Tabreed announced the commissioning of the district cooling plant at the King Khalid International Airport phase 1 in Riyadh with a total capacity of 20,000RT serving terminals 1 to 4 on exclusive basis.Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “We are delighted to contribute to our affiliate’s continued growth within the Kingdom by increasing our stake to 28%. The concession of 20K RT demonstrates our commitment to the Saudi market where, as published in the Global Market Insight Inc., district cooling is set to exceed USD 1 billion by the next five years”.“Tabreed is enabling businesses in the Kingdom of Saudi Arabia to enhance their energy efficiency, reduce costs and meet their sustainability objectives by integrating advanced technology, operational excellence and the latest innovation in district cooling into its solutions.” Added Al Lamki.Saudi Tabreed has formed multiple joint venture companies in partnership with regional and local players. Its subsidiaries and project companies include Saudi Dhahran District Cooling Company (SDCC), Central District Cooling Company (CDCC) and the Operation and Maintenance for District Cooling Systems (STOM). Current contracted projects include Saudi Aramco, Jabal Omar Development Project in the Holy City of Mecca, King Abdullah Financial District and the King Khalid International Airport.With over two decades of operational excellence, Tabreed is the partner of choice for organizations interested in benefiting from environmentally friendly district cooling solutions that support the region’s achievement of the Sustainable Development Goals. With 76 district cooling plants located throughout the region, Tabreed currently delivers over 1.16 million refrigeration tons to key developments including iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Dubai Metro, Ferrari World Abu Dhabi, Yas Water Park, Abu Dhabi’s Al Maryah Island, Bahrain Financial Market in the Kingdom of Bahrain and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia.

28 November, 2019 – Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), the leading international district cooling developer based in the UAE, celebrates hitting 10 million safe work hours without Lost Time Injury (LTI).The accomplishment is a result of Tabreed’s compliance with the highest international standards of safety and operational excellence, its commitment to maintaining a robust Health, Safety & Environment (HSE) culture, and its continuous implementation of workplace safety improvement programs.Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “Managing safety is never an easy task as it requires full commitment from all stakeholders to secure great results. This achievement was made possible by the collective efforts of all our employees, who established values and attitudes aiming to promote and maintain safety culture across the business.”“We are proud of achieving this milestone given the large scale of our operations, spanning five countries with 75 plants.” He added.Tabreed is committed to further enhancing its HSEQ culture, led by the company’s leadership who recognizes the importance of empowering employees at every level of the business to ensure their own safety and the safety of other employees and partners through a range of best practices and tools that enable the identification of potential incidents prior to their occurrence.“In the journey towards excellence in HSE culture, Tabreed personnel not only manifested the core value ‘Commitment to HSE’ but also strengthened their excellent workmanship with appropriate techniques to identify and mitigate existing and foreseeable risks. This was a team objective and one Tabreed wouldn’t have achieved, if not for the hard work and efforts from all our employees and partners.” Said Sabooh Asghar, Vice President of HSEQ at Tabreed.Earlier this year Tabreed was accredited with the ISO 50001 standard and was integrated with Tabreed’s existing health, safety, environment and quality management system. The ISO standard provides one of the best practice model and global benchmark for climate and clean energy action by helping companies to improve energy performance, consumption and sustainability. Prior to being certified on this standard, Tabreed had been accredited with the ISO 9001:2015 standard for quality management system, ISO 14001:2015 standard for environmental management system, and OHSAS 18001 for occupational health and safety management systems.For more than 20 years, Tabreed has been the partner of choice for organizations across the world in providing environmentally friendly district cooling solutions that support the region’s energy sustainability strategy. With 75 district cooling plants, Tabreed currently delivers over 1.16 million

Moody’s reaffirms Tabreed’s Credit Rating03 November, 2019 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading international district cooling developer based in UAE, released today its consolidated financial results for the first nine months of 2019, reporting an increase of 3.1% in the net profit to AED 329.1 million.The company continues to meet the growing demand for district cooling solutions and has recently commenced supplying 12,000 RT of cooling services to the expansion of the Galleria Mall Al Maryah Island, covering an area of 1.4 million square feet. This new connection comes as part of Tabreed’s long-term concession, as the exclusive provider of district cooling services for landmark developments on Al Maryah Island through a partnership with Mubadala Infrastructure Partners (MIP).Financial highlights – nine months ended 30 September 2019: Net profit attributable to the parent increased by 3.1% to AED 329.1 million (Q3 2018: AED 319.3 million) Group revenue increased by 3.5% to AED 1,127.9 million (Q3 2018: AED 1,090.0 million) Core chilled water revenue increased by 3.8% to AED 1,073.1 million (Q3 2018 AED 1,033.7 million) EBITDA increased by 11.2% to AED 562.5 million (Q3 2018: AED 505.9 million) Share of results of associates and joint ventures decreased by 1.2% to AED 69.8 million (Q3 2018: AED 70.7 million)Operational highlights – nine months ended 30 September 2019: In the first three quarters of the year, total Group connected capacity across the GCC increased to 1,161,227 Refrigeration Tons (RT), with 29,848 RT of new customer connections added and one new plant in Oman has become fully operationalEnvironmental highlights – nine months ended 30 September 2019: Contributed to saving 1.56 billion kilowatt/hours across the GCC – enough energy to power approximately 88,846 homes in the UAE annually These power savings prevented the release into the atmosphere of 932,699 metric tons of carbon dioxide – the equivalent of eliminating the emissions from 202,761 vehicles annuallyKhaled Abdulla Al Qubaisi, Tabreed’s Chairman, commented: “Tabreed’s continued growth demonstrates its ability to consistently deliver stable results, drive shareholder value further and reinforce our standing as the leading international district cooling developer. We are committed to providing energy-efficient, cost-effective and environmentally friendly cooling solutions and contribute to the initiatives aimed at reducing carbon footprint in the region and preserving the environment and natural resources for present and future generations.”Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “Tabreed has delivered another strong set of financial and operational results, with net income increasing by 3.1%, reflecting our solid group performance. The stable growth in our connected capacity enabled us to deliver consistent results and tangible returns. Additionally, Tabreed’s strong financial position qualifies it to capitalize on growth opportunities, as reaffirmed by Moody’s, who had recently published its credit opinion that is a strong endorsement of Tabreed’s robust business model. Tabreed investment grade rating (Baa3) by Moody’s was supported by resilient cash flows from long-term fixed charge contracts, low operating risk levels, strong market position in the Middle East and complementary shareholders.”“Tabreed is committed to providing energy-efficient and sustainable cooling solutions that have become an integral part of the infrastructure for major developments across the region. On this front, we are proud to deliver our services to Al Maryah Island and the expansion of the Galleria Mall. This new connection confirms our customers’ trust and confidence in our innovative, efficient and reliable cooling solutions.” He added.For over 20 years, Tabreed is the partner of choice for organizations interested in benefiting from environmentally friendly cooling solutions that support the region’s sustainable development goals. With 75 district cooling plants, Tabreed currently delivers over 1.16 million refrigeration tons to key developments, including iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Al Maryah Island, Yas Island and Ferrari World in Abu Dhabi, Dubai Metro, the Bahrain Financial Harbour in Manama, Kingdom of Bahrain and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia.

The National Central Cooling Company PJSC “Tabreed,” the global leading UAE-based district cooling developer, participated in the United Nations Climate Action Summit 2019 and related side events, which took place in New York City, USA from 21 – 25 September 2019.The summit brought together international stakeholders from the public and private sectors under the theme ‘A Race We Can Win. A Race We Must Win’ to discuss means of accelerating actions to implement the Paris Agreement on Climate Change by focusing on energy transition, climate finance and carbon pricing, industry transition, nature-based solutions, infrastructure, cities and local action, resilience and adaptation.Through its participation in the “We Will: Efficient, Clean Cooling for All” side event, Tabreed demonstrated its leading role in providing environmentally friendly district cooling solutions that support sustainability initiatives and strategies at the local, regional and global levels and also proved its significant contribution to the UN Sustainable Development Goals, the UAE Energy Strategy 2050 and the primary objectives of the National Climate Change Plan adopted by the UAE Ministry of Climate Change and Environment (MOCCAE).Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “Climate change is a universal challenge and a defining issue of our time that requires innovative technologies and collaboration between governments and the private sector to address. 2018 was the fourth-warmest year on record, highlighting the fact that sustainable cooling solutions have become an essential necessity in the face of these climate challenges. We need to provide sustainable cooling at speed and on a large scale.”“Our participation in the UN Climate Action Summit 2019 underscores Tabreed’s leadership in the district cooling industry for over 20 years, through its innovative and environmentally friendly district cooling solutions that contribute to achieving the sustainable development goals. We were pleased to have the opportunity to meet new business partners and discuss industry best practices, innovative solutions and the latest trends within the sector,” added Al Lamki.On the side-lines of the summit, Tabreed also participated in the launch of the Cool Coalition – the global network that connects over 80 partners from the private sector, government, cities, international organizations, finance, academia and civil society.Tabreed is committed to investing in cooling efficiency innovations in seven countries, including India, where demand is growing and a significant opportunity exists for energy savings such as those delivered by district cooling. In 2018 alone, Tabreed contributed to saving 1.97 billion kilowatt/hours, preventing the release of 986,000 metric tons of CO2.For over 20 years, Tabreed remains the partner of choice for organizations across the world in providing environmentally friendly district cooling solutions that support the region’s energy sustainability strategy. With 75 district cooling plants, Tabreed currently delivers over 1.1 million refrigeration tons to key developments, including iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Abu Dhabi’s Al Maryah Island, Yas Island, Dubai Metro, Dubai Parks and Resorts, Bahrain Financial Harbour in Manama, Kingdom of Bahrain and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia.

Tabreed Bahrain Hosts an Official Delegation from Bahrain Financial Harbour18 August 2019, Abu Dhabi, UAE: Bahrain District Cooling Company B.S.C. “Tabreed Bahrain,” a subsidiary of the National Central Cooling Company PJSC “Tabreed,” hosted an official delegation from Bahrain Financial Harbour (BFH), representatives from the United Nations, developers and local media at its district cooling plant in Manama.Dr. Afif AL Yafei, Executive Vice President of the Regional Asset Management, received the delegation and took them on a tour of Bahrain District Cooling Company’s diplomatic area plant, which was commissioned in 2010 in line with the country’s efforts to contribute to the achievement of the UN Sustainable Development Goals (SDGs). It is the first district cooling plant in the region that utilizes seawater, and is significantly more efficient, reliable and sustainable as compared to conventional cooling systems.The seawater system is comprised of a 1.5 kilometre intake line from the Manama Lagoon Area, a 1.4 kilometre outfall line to Bahrain Bay, a 14 kilometre closed loop chilled water distribution system, and an integrated central Supervisory Control and Data Acquisition (SCADA) system to monitor and optimize performance. The closed loop distribution system will enable multiple inter-connected district cooling plants to serve a connected load of 185,000 RT. Currently, the plant serves several major projects in Bahrain, including Bahrain Financial Harbour, World Trade Centre Tower, Reef Island, Moda Mall complex and Avenues Mall.Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “We are delighted to have had the opportunity to demonstrate, on the ground in Bahrain, our innovative technologies and the significant benefits of district cooling in terms of efficiency, reliability and sustainability. Since our inception in 1998, Tabreed has been supporting numerous clients and customers across the region not only meet their cooling requirements but achieve their sustainable development objectives as well. Cooling represents up to 70% of peak energy consumption and district cooling uses only half the energy compared to conventional cooling systems, resulting in tangible benefits for our customers and governments as we collectively work towards achieving the UN Sustainable Development Goals.”Dr. Afif Al Yafei, Tabreed’s Senior Vice President, Regional Asset Management said: “Commissioned in 2010, Tabreed’s Bahrain Plant is the first one of its kind in the region to operate using seawater, indicative of the advanced and innovative technology we have applied across our facilities. The plant serves a variety of customers from business centres to residential housing, delivering industry leading reliability, cost-efficiency, and a significant reduction in energy consumption.”Tabreed Bahrain plays an important role in enabling its customer’s achievement of their environmental and sustainability objectives, by significantly reducing carbon dioxide emissions and energy consumption. Within the region in 2018, Tabreed contributed to saving 1.97 billion kilowatt/hours, preventing the release of 986,000 metric tonnes of CO2 – the equivalent of eliminating the emissions from 214,000 vehicles annually. Tabreed’s operations in Bahrain alone were responsible for preventing the release of 24,500 metric tonnes of CO2, equivalent to eliminating the emissions from 5,000 vehicles annually.Across the region, Tabreed is a partner of choice for organizations interested in benefiting from environmentally friendly district cooling solutions that support the region’s achievement of the UN Sustainable Development Goals. With 75 district cooling plants located throughout the region, Tabreed currently delivers over 1 million refrigeration tons to key developments including iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Dubai Metro, Dubai Parks and Resorts, Abu Dhabi’s Al Maryah Island, Yas Island, and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia.

– Tabreed first district cooling company in the region to receive ISO 50001:2018 certification11 September 2019 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based district cooling developer, has received the International Organization for Standardization (ISO) 50001:2018 certification for the successful implementation of its Energy Management System . Tabreed is the first district cooling company in the region to have been certified under the revised version (2018) of the ISO 50001 standard.Tabreed’s Energy Management System, developed in accordance with its operational excellence and due focus on energy efficiency requirements across all its 75 plants in the region, has enabled the company to receive the ISO 50001 certification. This ISO standard is based upon best practices and global benchmarks, and is intended to enable organizations to follow a systematic approach to achieving continual improvement of energy performance, consumption and sustainability.Bader Saeed Al Lamki, Tabreed’s Chief Executive Officer, said: “Being awarded with an ISO 50001 certification is a clear manifestation of Tabreed’s efforts of more than 20 years in optimizing energy efficiency. We are proud of this achievement. Our commitment towards sustainability is evedent through our robust Energy Management System, which is particularly important within the context of the GCC’s growing demand for environmentally friendly cooling solutions”Tabreed also holds the ISO 9001:2015 accreditation for quality management systems, ISO 14001:2015 for environmental management systems, and OHSAS 18001 for occupational health and safety management systems.In the first half of 2019, Tabreed contributed to saving 656 million kilowatt/hours across the GCC – enough energy to power approximately 37,368 homes in the UAE annually. These power savings prevented the release into the atmosphere of 392,000 tons of carbon dioxide – the equivalent of eliminating the emissions of 85,279 vehicles annually.For over 20 years, Tabreed remains the partner of choice for organizations across the GCC in providing environmentally friendly district cooling solutions that support the region’s energy sustainability strategy. With 75 district cooling plants, Tabreed currently delivers over 1.1 million refrigeration tons to key developments in the region, including iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Abu Dhabi’s Al Maryah Island, Yas Island, Dubai Metro, Dubai Parks and Resorts, Bahrain Financial Harbour in Manama, Kingdom of Bahrain and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia.

Highlighting its support in developing energy efficient communities28 August 2019, Abu Dhabi, UAE: The National Central Cooling Company PJSC “Tabreed,” will participate in the 24th edition of the World Energy Congress in Abu Dhabi. Held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the congress is taking place at the Abu Dhabi National Exhibition Centre (ADNEC) from the 9th to the 12th of September, 2019.At the congress, Tabreed will demonstrate the numerous benefits of energy efficient and low-cost district cooling systems. It will also highlight the role in supporting regional countries in sustainable development, as well as showcasing a variety of its projects, initiatives and solutions. Through its participation, Tabreed also looks forward to establishing new partnerships with global players in the industry.Tabreed’s participation comes at a time when cooling is responsible for up to 70% of electricity consumption during peak hours across the region, and global demand for cooling services is set to rise three fold over the next three decades, according to “Cooling our World” study by Strategy& Middle East. District cooling systems represent a unique and beneficial solution to meeting such demands, as they cut energy consumption by half as compared to traditional cooling systems.Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “By integrating advanced technology and the latest innovations in district cooling into its solutions, Tabreed supports the development of energy efficient communities, achieving regional energy strategies in terms of efficiency and reduced costs, while meeting sustainable development goals and objectives. Within the region in 2018, Tabreed contributed to saving 1.97 billion kilowatt/hours, preventing the release of 986,000 metric tons of CO2. This is what we hope to highlight during the World Energy Congress, one of the biggest and most influential gatherings of international experts within the energy sector.”“We are also looking forward to meeting with industry experts at the congress, to discuss the energy sector’s most pressing challenges and highlight our extensive expertise in district cooling, now spanning more than 20 years. Tabreed is proud to provide cooling solutions to major projects across the region, and particularly within the UAE,” added Al Lamki.Across the region, Tabreed is a partner of choice for organizations interested in benefiting from environmentally friendly district cooling solutions that support the region’s achievement of the UN Sustainable Development Goals. With 75 district cooling plants located throughout the region, Tabreed currently delivers over 1 million refrigeration tons to key developments including iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Dubai Metro, Dubai Parks and Resorts, Abu Dhabi’s Al Maryah Island, Yas Island, and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia.Tabreed’s pavilion is located within the Mubadala platform H5-140, Atrium Hall.

National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based regional district cooling developer, released today its consolidated financial results for the first half of 2019. The company continues to meet the region’s growing demand for district cooling and delivers solid performance and growth. Financial highlights – six months ended 30 June 2019:Group revenue increased by 3% to AED 671.9 million (H1 2018: AED 650.7 million)Core chilled water revenue increased by 3% to AED 634.4 million (H1 2018: AED 617.3 million)EBITDA increased by 12% to AED 366.0 million (H1 2018: AED 326.1 million)Net profit attributable to the parent was  AED 199.4 million, an increase of 11% on H1 2018, when the latter is adjusted for the profit from  partial sale of Saudi Tabreed that occurred in the first half of last yearShare of results of associates and joint ventures decreased by 13% to AED 40.2 million (H1 2018: AED 46.0 million) Operational highlights – six months ended 30 June 2019:Total Group connected capacity across the GCC increased to 1,145,847 Refrigeration Tons (RT), with 14,468 RT of new customer connections added in the first half of the year as follows:6,068 RT in the United Arab Emirates8,400 RT in Oman as a new plant came into service Environmental highlights – six months ended 30 June 2019:656 million kilowatt hours was saved across the GCC – enough energy to power approximately 37,368 homes in the UAEThese power savings prevented the release of 392,000 tons of carbon dioxide into the atmosphere – the equivalent of eliminating the emissions of 85,279 vehicles annually Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, commented: “Tabreed delivered another quarter of stable results and reported a net profit of AED 199.4 Million driven by its core chilled water business. Tabreed continuous growth reinforces our position as a leading district cooling company and retains the confidence of our shareholders in delivering consistent results and tangible returns.” “We are determined to expand the company’s footprint and unlock new opportunities to grow our business and contribute the world sustainable development goals.” Bader Saeed Al Lamki, Tabreed’s Chief Executive Officer, said: “Tabreed recorded a solid performance in the first half of 2019 fostered by vigorous efforts to grow the business and expand our operations across the region. This performance underscores the efficient strategy the company has adopted and its resiliency.” Al Lamki further noted the 12% increase in EBIDTA and 11% rise in net income, when adjusted for the partial sale of the Saudi Tabreed shares. , ” “On the operational side, we commissioned a new district cooling plant in Oman to serve the Mall of Muscat with a contracted capacity of 8,400 RT. This takes our total number of operational plants to 75.  We will strengthen our operations by investing in our expertise and continue leading the district cooling industry,” he added. Tabreed is a partner of choice for organizations in providing environmentally friendly district cooling solutions that support the region’s energy and sustainability strategy. With 74 district cooling plants located throughout the region, Tabreed currently delivers over 1 million refrigeration tons to key developments including iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Dubai Metro, Dubai Parks and Resorts, Abu Dhabi’s Al Maryah Island, Yas Island, and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia.

National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based regional district cooling utility company, is integrating data-based operational intelligence software across its network of district cooling plants to monitor, analyze, and improve overall plant performance and reliability, making it the first district cooling company to do so. Created by OSIsoft, a leader in operational intelligence, the PI System will collect, analyze, visualize and share the large amount of data produced by Tabreed’s network of plants. Tabreed is a partner of choice for organizations across the GCC in providing environmentally friendly district cooling solutions that support the region’s energy sustainability. With 74 district cooling plants located throughout the region, Tabreed currently delivers over one million refrigeration tons to key developments in the region including iconic infrastructure projects such as Abu Dhabi’s Al Maryah Island, Yas Island, Sheikh Zayed Grand Mosque, Dubai Metro, Dubai Parks and Resorts, and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia. “The PI System gives us real-time insight into our systems, which plays a key role in enhancing customer satisfaction and our services provided to them,” said Jean-Francois Chartrain, Chief Operating Officer, Tabreed. “This kind of immediate application of such world-class Technology is the cornerstone of digital transformation and we hope to leverage technology like the PI System to predict equipment malfunctions and proactively enhance our operations. Data analytics solutions will increase our ability to deliver affordable and reliable chilled water to our customers.” Tabreed now tracks approximately 30,000 data streams or ‘tags’, monitoring metrics such as real-time and historic power consumption, cooling energy production and equipment status. Employees also use PI Vision, OSIsoft’s visualization tool, to create dashboards which present data with greater clarity and across multiple devices.   District Cooling: Efficient, Reliable and Big Enough for an Entire CityA highly efficient and cost-effective form of air conditioning, district cooling relies on centralized cooling plants to produce chilled water, which then gets circulated through underground insulated pipes to buildings and campuses within a network. District cooling consumes up to 50% less energy than conventional individual air conditioning, reduces maintenance and capital costs, and lowers CO2 emissions. By reducing demand for conventional air conditioning, Tabreed estimates its own operations has contributed to eliminating 986,750 tons of CO2 annually, or the equivalent of taking 214,000 cars off the road, and contributed to saving 1.97 billion kilowatt/hour across the GCC – enough energy to power approximately 112,000 homes in the UAE every year. District cooling equipment also typically lasts 30 years or more, twice as long as conventional air conditioners, and can take advantage of seawater or treated sewage effluent (TSE) rather than potable water to further reduce costs and environmental impacts. District cooling is expected to play a pivotal role in many regions in curbing the escalating energy demands of air conditioning, which currently accounts for approximately 10% of global electricity consumption and is the fastest growing use of energy in buildings, according to the International Energy Agency. By 2050, around two-thirds of households are expected to have air conditioners. Demand for air conditioning power is expected to triple by 2050, an increase that would require an increase in capacity equivalent to the current electrical capacity of the U.S., EU and, Japan today. The PI SystemOSIsoft’s PI System transforms the vast number of operational data streams from sensors, industrial equipment and other devices into rich, real-time insights to help save money, increase productivity and make better decisions. Worldwide, over two billion sensor-based data streams are managed by the PI System. In facilities, the PI System is used to manage power consumption for over 135 million square feet of building space at leading universities, research hospitals, data centers, national laboratories, stadiums, government centers and corporate campuses. The PI System is also used to optimize district heating networks across France. “We’re incredibly excited to be working with Tabreed, which has been a regional leader in demonstrating the power of district cooling,” said J. Patrick Kennedy, founder and CEO of OSIsoft. “Data is the one commodity in the world that gets more valuable the more people use it. In Tabreed’s case, digital transformation can help improve the company’s performance, enhance the comfort of its customers and ultimately benefit the greater community. We look forward to seeing what they accomplish.”