Partnership demonstrates Tabreed’s support for Egypt’s energy transition strategyAbu Dhabi, UAE, 10 February 2022: National Central Cooling Company PJSC (DFM: Tabreed), The Egyptian Company for Energy and Cooling projects (Gascool) and Marakez for Real Estate Investment Company, have signed a partnership agreement to provide district cooling services to the new D5M mall in New Katameya, east Cairo. Being the company’s first foray into the Egyptian market, the deal is of special importance to Tabreed with the country representing significant potential for future portfolio growth. Construction of D5M is currently nearing completion and it forms an integral part of the wider ‘District Five’ development by the developer, MARAKEZ, a subsidiary of Saudi Arabia’s Fawaz Al Hokair Group (FAH), one of the leading retail developers in the MENA region. Mall operations will commence this year, with full operations targeted before the end of 2023. Tabreed is the lead partner of the consortium with a 60% equity stake while Gascool holds the remaining 40%. The district cooling plant will be built in phases. Its operational ultimate capacity will be 6,000 refrigeration tons (RT) contracted under a long-term agreement, with total installed capacity of 7,500 RT. The 70,000 square metre D5M also includes a residential complex with 1,800 state-of-the-art town houses and apartments as well as offices. It is the latest project by MARAKEZ, which currently operates a network of 17 shopping malls, managing over 1.6 million square metres of prime retail real estate, including the flagship Mall of Arabia. Following the signing of the agreement, Eng. Khalid Abdulla Al Marzooqi, Tabreed’s Chief Executive Officer, said: “This is a very important, strategic step for our company, our entry into the Egyptian market being a solid part of our long-term plans for sustainable growth beyond the GCC. Tabreed’s unrivalled expertise in the district cooling industry will benefit Egypt in various ways and the Gascool JV is a perfect fit for Tabreed, having a proven track record for operational excellence, sharing our values and a relentless pursuit of energy efficiency. Our business partner and shareholder, ENGIE, also has a presence in Egypt, experience that Tabreed will be able to benefit from over the coming years.” Tabreed is Egypt’s first international investor in district cooling and the market is a very promising one. The industry is a relatively recent introduction to Egypt, with Gascool being the country’s first district cooling provider, established in 2004. Adoption is increasing, however, and this will assist the country in meeting its environmental and sustainability targets. District cooling uses approximately half the energy consumed by conventional cooling methods, preventing the release of millions of tons of carbon dioxide each year. The district cooling industry is becoming increasingly viewed as an essential pillar in the drive towards carbon neutrality. MARAKEZ CEO Basil Ramzi commented on the partnership saying: “Our partnership with Tabreed and Gascool – two leading companies providing energy-efficient, cost-effective and environmentally friendlier cooling solutions – further deepens our efforts in support of Egypt Vision 2030 toward greater environmental sustainability. As an industry leader in the real estate development sector, MARAKEZ seeks equally strong partners to support its pioneering commercial and residential developments across Egypt.” Gascool Chairman, Eng. Amr Badawy, echoed these sentiments, stating: “We had the pleasure of signing the consortium agreement with Tabreed, one of the leading international district cooling developers in the world. Egypt’s market is currently witnessing unprecedented development, requiring district cooling services as the most energy-efficient and environmentally friendly cooling solution.” For more updates from Tabreed, visit www.tabreed.ae

New addition sees Tabreed’s Oman portfolio increase to seven district cooling plants Abu Dhabi, UAE, 25 January 2022: National Central Cooling Company PJSC (DFM: Tabreed) held a signing ceremony on Sunday 23 January 2022, to mark the completion of the acquisition, through its subsidiary in Oman, of a new district cooling plant from Al Mouj, Muscat’s premier development. This new transaction takes Tabreed’s tally of owned and contracted district cooling plants in the Sultanate to seven. Al Mouj Muscat is a joint venture between the UAE’s Majid Al Futtaim Properties and Omran, the tourism and development arm of the Omani government. An aspirational lifestyle destination with ocean views and beaches, parks and a promenade featuring award-winning architecture, it also includes hotels, retail and dining outlets, a 400-berth marina and a golf course ranked amongthe top 100 worldwide.Tabreed (through its subsidiary in Oman) and Al Mouj Muscat have signed an exclusive perpetual cooling concession for over 30,000 refrigeration tons (RT), with more than 19,000 RT already connected and operational. This transaction practically doubles Tabreed’s concession capacity in the Sultanate from 32,000 RT to 62,000 RT. Khalid Abdullah Al Marzooqi, Tabreed’s Chief Executive Officer, said: “With this acquisition, Tabreed has significantly increased its residential cooling business in Oman. This is a natural progression for the company and we are getting closer to end users, which benefits us all. Al Mouj also embodies a truly promising partnership between Tabreed, Omran, Tanmia and Majid Al Futtaim Properties.” Tabreed  commenced operations in Oman in 2007  together with leading Omani investors as partners such as Ministry of Defence Pension Fund, ISS Pension Fund, Diwan of Royal Court Pension Fund, PPD and PMA International. Tabreed’s first project in Oman was the 2,411 RT plant at Knowledge Oasis Muscat, Oman’s flagship technology park in 2010. This was followed by Oman Avenues Mall, Land Mark in Bausher, Mall of Muscat, Hilton Garden Inn Hotel and Al Araimi Boulevard Mall, the region’s first eco-friendly retail destination.Al Mouj is Tabreed’s largest project to date in Oman and a culmination of the company’s desire to continue investing in essential district cooling infrastructure for the Sultanate’s most important real estate developments. The transaction was signed in December 2021 and has now achieved financial close, representing a fitting to conclusion for 2021, a year which was also notable for the appointment of Abdullah Al Hinai as Tabreed’s regional Chief Executive Officer in Oman. An Omani national, Al Hinai has been with the company since its formation in Oman, initially as Project Manager and more recently as Projects Director. For more updates from Tabreed, visit www.tabreed.ae

Abu Dhabi, UAE, 05 January 2022: The National Central Cooling Company PJSC (DFM: Tabreed), today announced that its Board of Directors has appointed Antonio Di Cecca as its new Chief Operating Officer (COO) with effect from January, 5 2022. Antonio Di Cecca succeeds Jean-François Chartrain, who joined as Tabreed’s Chief Operating Officer in November 2017. During Chartrain’s four-year tenure, the company experienced an unprecedented period of portfolio growth and made major advancements in operational efficiency along with significant advancements in improved, streamlined customer service while posting record profits and shareholder dividends. Khalid Abdullah Al Marzooqi, Tabreed’s Chief Executive Officer, said of the appointment: “Antonio joins Tabreed at possibly the most exciting time for the company, as it builds on the momentum following its wholesale rebranding, which itself swiftly followed the most impactful and ambitious programme of major acquisitions in Tabreed’s rich history. “This recent progress has been largely influenced by the person Antonio is replacing – Jean-Francois Chartrain – and to him we owe a debt of gratitude. To say his input has been invaluable would be a huge understatement and his cool, calm demeanour will surely be missed by any of us privileged to have worked alongside him. It’s safe to say that I speak for everyone at Tabreed when I say we wish him and his family the very best for the future.” Jean-Francois (known throughout the company simply as ‘JEFF’), joined as Tabreed’s Chief Operating Officer in November 2017, shortly after ENGIE invested in 40% ownership of the company. Prior to joining Tabreed, Chartrain was Head of Technical Department and Engineering at ENGIE Italia, where he served as well as Director of the District Heating of Aosta, in the northwest of Italy. Chartrain said of his time with Tabreed that it had been transformational, with several key acquisitions such as the Downtown Dubai District Cooling Network and the Saadiyat Island and Al Maryah Island cooling plants in Abu Dhabi, exponentially increasing Tabreed’s portfolio and profitability. “Operationally, too, we have made huge advancements,” he remarked, “with our UAE O&M activities being overhauled to benefit our customers and increase our efficiency, which is vital for the environment and the communities in which we operate. I am very proud to have played a part in these important advancements and I look forward to seeing the company go from strength-to-strength in the future.” Italian Di Cecca, 46, like Chartrain, hails from ENGIE, where he has performed numerous roles in the district cooling industry worldwide since joining in 2011, most recently as Head of Asset Management at the group’s Dubai headquarters. He was ENGIE’s Business Development Executive when the group carried out its 40% stake acquisition of Tabreed and has been instrumental in bringing together the two entities, representing both Tabreed and ENGIE internationally. Antonio has extensive international experience of 20+ years within the energy sector, which includes a period of five years he spent working with the International Energy Agency (IEA). He is also an active member in many district energy associations as well as the technical committee of the World Utility Congress. Di Cecca is fluent in Italian, French, Spanish and English, and has a Master in Aerospace Engineering from Politecnico di Torino (Turin, Italy), and a Specialized Master in Energy Engineering and Management from the Ecole de Mines de Paris (Paris, France).

Abu Dhabi, UAE, 20 December 2021: National Central Cooling Company PJSC (DFM: Tabreed) has finalised a significant strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets. Since its establishment in 1956, IFC has invested more than $321 billion in emerging markets. The partnership will include ownership of Tabreed India, currently a wholly owned subsidiary of Tabreed, being transferred to a new holding company established in Singapore to be jointly owned by Tabreed (75%) and IFC (25%). The holding company will be established with initial equity commitments from the partners of US$100 million with a mandate to invest in projects of up to approximately $400 million over the next five years, targeting a portfolio of approximately 100,000 refrigeration tonnes (RT) servicing industrial, commercial and retail developments across India. IFC and Tabreed have agreed investment eligibility criteria which include robust environmental, social, and corporate governance (ESG) requirements for projects in these geographies. Public environment and sustainability (E&S) disclosures will be made by IFC prior to investing in each project. India, the partnership’s key target market, has low per capita cooling consumption and a rapidly growing cooling market across all sectors, and district cooling adoption is imperative for India to meet its ambitious climate goals. There have been a number of promising policy and regulatory developments in India, including the groundbreaking announcement of a Cooling Action Plan to facilitate sustainable growth in cooling demand for the nation, with district cooling being identified as an important intervention area. As a result, several Indian government bodies and smart cities are now increasingly evaluating the incorporation of district cooling into urban master planning. Tabreed has been actively supporting these initiatives and engaging with several top tier real estate developers across the country to evaluate project opportunities. “As temperatures are rising, access to cooling is a major development challenge, especially in emerging economies located in the tropical climate zone. This district cooling project is at the heart of what IFC is all about,” said Makhtar Diop, IFC’s Managing Director. “By working with Tabreed, we will bring sustainable, innovative and much needed cooling solutions to India and other parts of Asia.” Khalid Abdulla Al Marzooqi, CEO of Tabreed, said: “This is a positive and timely development for Tabreed. IFC has been established in this region for many decades, unlocking investment opportunities, strengthening clients’ performance and impact, as well as improving environmental, social and governance (ESG) standards. It makes perfect sense for us to join forces as we are able to lean on each other’s unrivalled expertise. “India is strategically very important for us, with demand for energy growing faster there than anywhere else in the world right now. District cooling uses, on average, half the power consumed by conventional cooling methods, meaning it’s an essential part of many countries’ climate goals due to the enormous savings in CO2 emissions achieved through energy efficiency. For countries such as India, reliable cooling means industrial, agricultural and societal progress, and we eagerly look forward to making a meaningful contribution to its prosperity while ensuring the sustainability we know is vital to all our futures.”

Company now more agile than ever, paving the way for further expansion14 November, 2021 – Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), headquartered in the UAE, today released its consolidated financial results for the first nine months of 2021, reporting a net profit of AED 388 million – an increase of 5% compared to its 2020 performance for the same period. The results ably demonstrate the effectiveness of Tabreed’s approach to sustainable growth, with the company divesting its 44% stake in Qatar District Cooling Company while increasing ownership of the 80,000 Refrigeration Ton (RT) Al Maryah Island district cooling scheme in Abu Dhabi to 100% during the quarter. Financial highlights – nine months ended 30 September 2021: Group revenue increased by 16% to AED 1464.7 million (Q3 2020: AED 1257.9 million)Core chilled water revenue increased by 16% to AED 1412.9 million (Q3 2020: AED 1219.1 million)EBITDA increased by 15% to AED 775.7 million (Q3 2020: AED 676.6 million)Profit from Operation increased by 19% to AED 483.5 million (Q3 2020: AED 406.4 million)Share of results of associates and joint ventures reduced by -9% to AED 33.7 million (Q3 2020: AED 37.1 million)Net profit attributable to the parent increased by 5% to AED 388.0 million (Q3 2020: AED 370.4 million) Operational highlights – nine months ended 30 September 2021: Total connected capacity reduced to 1,202,760 Refrigeration Tons (RT), following divestment of Qatar District Cooling Company shareholdingTabreed achieved a record 14,307,638 hours worked without a single lost time incident (LTI), the most recent occurring in July 2015 Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, said: “Tabreed continues to shine, posting more record results that demonstrate the effectiveness of its long-term strategy. Shrewd investments make for steady and manageable growth and this company’s rock-steady resilience is something everyone involved in can be proud of. Customer service, operational reliability and an unwavering pursuit of efficiency are what Tabreed’s unrivalled reputation is built upon and I look forward to seeing the company’s future plans come to fruition, particularly as district cooling will play an essential role in the UAE’s drive toward carbon neutrality. We are a force for good – for the environment, our customers, our people, our stakeholders and the communities in which we operate.” Khalid Abdullah Al Marzooqi, Tabreed’s Chief Executive Officer, added: “The company experienced rapid and exceptional growth of its portfolio during 2020 and we are now seeing real return on investment with steady, reliable and efficient performance across our networks. Our shareholders appreciate this considered approach to growth and we have exciting plans for the near future, with an even more diverse array of services that will help to bolster our leading market position while adding to our environmental credentials. “We keep mentioning the word ‘resilient’ when referring to Tabreed and for good reason: it perfectly sums up our approach to business – we were the first district cooling company to be established in the UAE and after nearly a quarter of a century are stronger and more agile than ever. Tabreed’s medium- and long-term plans are sound and attainable, and all of us in this remarkable company have genuine reason for optimism when we look to the future.” For more updates from Tabreed, visit www.tabreed.ae

Abu Dhabi, UAE, 10 October 2021: National Central Cooling Company PJSC (DFM: Tabreed) has been awarded ‘System of the Year’ by the International District Energy Association (IDEA) in a special ceremony during the IDEA2021 annual conference, which was held in Austin, Texas, under the theme ‘Powering the Future’. IDEA says that the award “is presented annually to outstading district energy systems for operational excellence, environmental stewardship, exemplary energy efficiency and customer commitment while contributing to the advancement of the global district energy industry.” It goes on to say: “The System of the Year Award (SOYA) is the highest honor IDEA can bestow on a district energy system. It recognizes an exemplary district energy system providing high-level performance and service that further the goals of the district energy industry.” Tabreed also took the District Energy Space 2020 (Beyond North America) Silver Award for ‘Number of Buildings Committed’ in recognition of the company’s unprecedented growth during 2020, which included the acquisition of Downtown Dubai and Saadiyat Island schemes. The two IDEA awards follow Tabreed being honoured as a recipient of the Sheikh Khalifa Excellence Award’s Silver Category in the Services Sector, which is presented to organisations that have demonstrated good practice and performance over the preceding three years. The award was presented during a ceremony held by Abu Dhabi Chamber of Commerce and Industry at its Chambers tower on 22 September, and was accepted by Khalid Abdullah al Marzooqi, CEO of Tabreed, and Jean-Francois Chartrain, Tabreed’s Chief Operating Officer. Al Marzooqi said these awards are hugely important for the company. “They demonstrate that we are excelling, not just when compared to our peers in the Middle East but the entire world. The Sheikh Khalifa Excellence Award is a recognition of our positive impact in the UAE and across the region, and it was an honour to be presented with that in the presence of many of this country’s esteemed dignitaries and business leaders.” He added: “As for IDEA, this is also a very impactful association and for Tabreed to be recognised in this way is something everyone in the company can take pride in. Operational excellence is a cornerstone for Tabreed and these awards show, beyond any doubt, that we are highly respected on the world stage by our peers and our customers.” Tabreed’s five-strong delegation at IDEA2021 included Al Marzooqi, Chartrain, Dr Yousif Al Hammadi, Managing Director of Downtown Cooling, Tabreed, Souad Al Serkal, Vice President – Strategic Communications, and Mahra Al Bloushi, operations engineer. As part of the company’s participation in IDEA2021, Al Marzooqi took part in a panel discussion which featured many of the world’s leading figures in district energy and was centred around current and future industry trends and opportunities. Al Serkal, one of the event’s keynote speakers, took to the stage to deliver the address ‘The Impact of Strategic Communications on Performance.’ Having implemented a completely overhauled communications plan at Tabreed in 2019, Al Serkal was able to point to real world data that shows a direct correlation between effective communications and a company’s share price. “By harnessing the power of data and using it to drive our communications strategy,” she said, “Tabreed’s reach increased by 500% globally. Our market share increased in that time, too, but more importantly our share price went up by a staggering 32%. We went through a period of intense growth, so we told the world about it using the most effective possible means, across multiple platforms and media, and analysed the results constantly, tweaking where necessary for maximum impact. And those results speak for themselves.” For more updates from Tabreed, visit www.tabreed.ae

Abu Dhabi, UAE, 29 August 2021: National Central Cooling Company PJSC (DFM: Tabreed) has announced the acquisition of an additional 50% stake in the exclusive 80,000 refrigeration ton district cooling scheme supplying Al Maryah Island in Abu Dhabi, including its major entertainment, hospitality, retail, commercial and residential developments. The acquisition is from joint venture partner, Mubadala Infrastructure Partners (MIP), bringing Tabreed’s ownership to 100%. Tabreed will continue to operate the Al Maryah scheme under a 30-year exclusive concession granted in 2014 by Al Sowwah Square Properties LLC, a wholly owned subsidiary of Mubadala Investment Company. Having doubled its stake in this landmark district cooling scheme, Tabreed continues to deliver on its growth ambitions in key markets. The deal is the fourth major acquisition for Tabreed in less than two years, following the securing of an 80% stake in Emaar’s Downtown Dubai network and acquiring Aldar’s Saadiyat Island plant and the Masdar City district cooling scheme in Abu Dhabi. Commenting on the deal, Tabreed’s CEO, Khalid Abdullah al Marzooqi, highlighted what it means for the next phase of growth at the company: “Since the start of our operations at Al Maryah island’s district cooling scheme in 2014, with the collaboration of our partners MIP, we have developed the scheme into an industry-leading model of efficiency and reliability, and we view our recent move to acquire the entire operation as the next logical step for our growth plans in Abu Dhabi,” he said. “I am particularly proud of our operations and technical teams, who have pioneered many of the latest technologies and operational philosophies at the Al Maryah scheme and across all of our plants in the region. They have significantly increased overall efficiency and reliability while reducing total carbon emissions for the UAE, further highlighting that district cooling continues to be a key component of the UAE’s energy strategy and for developing nations in the region and internationally.” This new acquisition sees the company extend its reach in supplying high-quality district cooling services to the region’s most notable developments. Al Maryah Island has become the leading business district of Abu Dhabi, home to Abu Dhabi Global Market, Cleveland Clinic Abu Dhabi, The Galleria Mall, Rosewood Abu Dhabi and the Four Seasons Hotel.

Operations remain robust during continuously challenging market conditionsPortfolio’s connected capacity across GCC increases to more than 1.41 million refrigeration tons11 August, 2021 – Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM:Tabreed), headquartered in the UAE, today released its consolidated financial results for the first six monthsof 2021, reporting a net profit of AED 233.5 million – an increase of 4% compared to its 2020 H1performance.As Tabreed has remained focused on achieving its stated objectives, revenue has continued to grow, alongwith its portfolio of district cooling networks. Recent additions include a fourth plant in Downtown Dubai,along with additional connections to our existing concession areas. Capacity has also increased, in Bahrainand Oman.Financial highlights – six months ended 30 June 2021:Group revenue increased by 22% to AED 869 million (H1 2020: AED 710 million)Core chilled water revenue increased by 22% to AED 832.1 million (H1 2020: AED 681.2 million)EBITDA increased by 25% to AED 517.6 million (H1 2020: AED 415.4 million)Profit from Operation increased by 29% to AED 326 million (H1 2020: AED 232.8 million)Share of results of associates and joint ventures increased by 37% to AED 24.9 million (H1 2020: AED18.2 million)Net profit attributable to the parent increased by 4% to AED 233.5 million (H1 2020: AED 224.3million)Operational highlights – six months ended 30 June 2021:Total connected capacity reached 1,417,179 Refrigeration Tons (RT), with 12,650 RT being added inthe UAE, 410 RT added in Bahrain and 300 RT in OmanTabreed achieved a record 13,810,261 hours worked without a single lost time incident (LTI), themost recent occurring in July 2015Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, said: “Tabreed’s Q1 results are impressive in their own right and set the tone for what will undoubtedly be another historic year for one of the UAE’s most important and influential companies. Our second quarter has proved we are on the right path for sustainable and meaningful growth, maintaining our unwavering focus on quality and customer service by means of careful expansion and commitment to operational excellence, which recently resulted in Tabreed being officially certified to three individual ISO standards on Health and Safety, Environment and Quality.”“We are also building on the foundations laid by our recent corporate rebranding, making good on our plans to reach a more global audience and playing an ever more important role in the UAE’s ambitious plans for carbon neutrality. Progress is a central pillar for Tabreed and these financial and operational results bolster our determination to forge ahead as an industry leader that positively affects all who deal with us.”Khalid Abdullah Al Marzooqi, Tabreed’s Chief Executive Officer, added: “The first half of 2021 has shown Tabreed’s steadfast resilience in market conditions that remain challenging due to the continued impact of the pandemic. This has been a busy year for us and we continue to push forward, meeting our goals and exceeding expectations, which is good for everyone, from staff to stakeholders and shareholders, for whom we consistently deliver valuable returns.”“Tabreed’s portfolio continues to grow through strategic business development that is measured and carefully considered. In the past six months we have increased cooling capacity in three different countries, most notably with the addition of a fourth district cooling plant in Downtown Dubai, which forms part of Tabreed’s acquisition deal with Emaar in April last year. This is a remarkable plant with state-of-the-art infrastructure and a central control room for monitoring and controlling the entire network in Downtown Dubai, further strengthening Tabreed’s reputation as a company that is lean, agile, efficient, reliable and progressive.”

First anniversary of partnership reveals significant environmental benefits to one of the world’s most iconic real estate developments 1 June, 2021 – Dubai, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based international district cooling developer, is celebrating the first anniversary of its partnership with Emaar Properties PJSC (DFM: Emaar) for the exclusive provision of energy efficient district cooling services to landmark developments in Downtown Dubai. This is a collaboration that has been responsible not only for remarkable growth in Tabreed’s portfolio, but also for genuine benefits to the environment, thanks to the efficiency and reliability of the company’s technology and engineering.Khalid Abdulla Al Marzooqi, Tabreed’s Chief Executive Officer, said that the partnership, entered into in April 2020, has been a significant success. “This is a partnership to own and operate the district cooling plants in Dubai Downtown area under a long-term concession. To date, the district cooling scheme connects 77 buildings with sustainable cooling energy, saving 190,000 tons of CO2 from entering the atmosphere each year, which is equivalent to removing the emissions from 41,000 cars.”“Tabreed is a company built on progress, which is perfectly encapsulated in the relationship we have with Emaar. The connected RTs [Refrigeration Tons] of cooling currently stand at 153,000, and the benefits derived from our provisions speak for themselves and are essential for one of the world’s most famous urban areas in its drive towards greater sustainability.”Ahmad Thani Rashed Al Matrooshi, Chairman of the Downtown Dubai Cooling Company and Executive Board Member of Emaar Properties, said that the one-year anniversary of the partnership between Tabreed and Emaar is a significant milestone. “This great nation leads the world in property development,” he commented, “and it continues to set new benchmarks relating to community living. To be able to supply district cooling to many of the world’s most iconic and visited landmarks means environmental benefits for all, and I look forward to many more years of progressive accomplishments between our organisations.”Tabreed also announces the connection of its cooling services to Dunya Towers in Downtown Dubai, providing cooling to approximately 323,000 square feet of built-up area, which adds a further 492 refrigeration tons of cooling capacity to Tabreed’s portfolio.Commenting on the recent Dunya Towers connection, Dr. Yousif Al Hammadi, Managing Director of the Downtown Cooling Platform for Tabreed and Emaar, said: “We are proud to deliver our services to Dunya Towers – this new connection adds to our customers’ trust and confidence in our innovative and reliable cooling solutions that have become an integral part of the infrastructure for major developments across the region.”Dunya Towers, developed by one of the UAE’s leading real estate companies, Dunya Investment LLC, is a 22-storey modern residential project set within Downtown Dubai, and is flanked by iconic projects including the Burj Khalifa, The Dubai Mall, Dubai Opera and Dubai Fountains.Dr. Yousif added: “Tabreed is committed to providing energy-efficient, cost-effective and environmentally friendly district cooling solutions that contribute to reducing the carbon footprint of the region and to preserving the environment and natural resources for present and future generations.”With over 20 years of operational excellence, Tabreed has been the partner of choice for organisations seeking environmentally friendly cooling solutions to support their sustainability goals and reduce their overall energy consumption and carbon footprint. With 86 district cooling plants, Tabreed currently delivers over 1.4 million refrigeration tons to key developments, including iconic projects such as the Burj Khalifa, Dubai Mall, Dubai Opera, Louvre Abu Dhabi, New York University, the RTA’s Dubai Metro, Abu Dhabi Global Market, Etihad Towers, Yas Island, Aldar HQ, World Trade Centre Abu Dhabi, Cleveland Clinic Abu Dhabi, The Sheikh Zayed Grand Mosque, Bahrain Financial Harbour, Knowledge Oasis Muscat and the Jabal Omar Project in the holy city of Mecca in the Kingdom of Saudi Arabia.

17 May, 2021 – Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), the leading international district cooling developer headquartered in the UAE, today announced that its Board of Directors has appointed Khalid Al Marzooqi as the company’s new Chief Executive Officer. Khaled Al Qubaisi, Chairman of Tabreed, said of the appointment: “Khalid Al Marzooqi joins Tabreed at the beginning of an exciting new chapter for the company and brings with him a wealth of experience in the energy sector, where he has worked at the most senior levels. With the recent launch of Tabreed’s all-new corporate identity still fresh in our minds, the scene is set for this remarkable and progressive business to deliver on its ambitious plans, and I know Khalid’s considerable expertise will help drive us towards achieving ever more impressive results.” Mr Al Marzooqi joins Tabreed from Dolphin Energy Limited, where he was Chief Operating Officer – Downstream, responsible for overseeing the entire Operations Downstream Division in the UAE. Prior to this he was Senior Vice President of Dolphin’s Technical Services Division and Al Marzouqi has occupied senior roles at the Abu Dhabi Department of Transport, Abu Dhabi Water and Electricity Authority (ADWEA) and ADCO. He has more than 25 years of experience in the energy industry and holds two majors in Chemical Engineering and Petroleum Engineering. Khaled Al Qubaisi commented: “The Board sincerely thanks Bader Al Lamki for his steadfast belief in this company and his unwavering commitment meant that his time here was impactful for all the right reasons. Tabreed is bigger and more profitable than ever delivering a 24% increase in consolidated connected capacity, ensuring a 20% increase in revenues and playing a pivotal role in the acquisition of the Downtown District Cooling concession from Emaar; it being the largest DC M&A transaction in history. He also launched initiatives under his direction to overturn the status quo with regards to workplace diversity and corporate social responsibility. We are now a more modern, more dynamic and more inclusive organization and, on behalf of the Board and personally, I thank him for his innumerable contributions and wish him well for the future.”

Net profit of AED 85.5 million, up 4% compared to same period in 2020 Portfolio’s connected capacity now exceeds 1.4 million refrigeration tons09 May, 2021 – Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), headquartered in the UAE, today released its consolidated financial results for the first three months of 2021, reporting a net profit of AED 85.5 million – an increase of 4% compared to its 2020 Q1 performance. Despite ongoing, significant market challenges, both regionally and internationally as a result of the global pandemic, Tabreed’s revenue has continued to grow, along with its portfolio of district cooling networks. Recent acquisitions include the Downtown Dubai district cooling scheme in a long-term partnership with Emaar, as well as Saadiyat Island’s plants, from its long-term partner, Aldar – a deal financially closed in April 2021. Financial highlights – three months ended 31 March 2021: Group revenue increased by 21% to AED 357.6 million (Q1 2020: AED 294.4 million)Core chilled water revenue increased by 22% to AED 339.1 million (Q1 2020: AED 277.2 million)EBITDA increased by 28% to AED 226.8 million (Q1 2020: AED 177.6 million)Profit from Operation increased by 28% to AED 134.6 million (Q1 2020: AED 104.8 million)Net profit attributable to the parent increased by 4% to AED 85.5 million (Q1 2020: AED 82.2 million)Share of results of associates and joint ventures decreased by 1% to AED 19.4 million (Q1 2020: AED 19.6 million) (including income from discontinued operations)Operational highlights – three months ended 31 March 2021:Total connected capacity reached 1,404,611 Refrigeration Tons (RT), with 492 RT being added in the UAE and 300 RT in OmanTabreed achieved a record 13,266,194 hours worked without a single lost time incident (LTI), the most recent occurring in July 2015 Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, said: “Nobody would dispute that markets remain disrupted all around the world because of the impacts of Covid-19, but Tabreed has never been a company that stands still. These Q1 results are evidence that our unwavering, laser-like focus on customer satisfaction and quality of service, corporate excellence and operational efficiency work together to mean we consistently outperform the targets we’ve set ourselves. Couple this with our continuous seizing of growth opportunities and it’s obvious to all that Tabreed is a true industry leader, rooted in the pursuit of meaningful progress.” Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “The first quarter results of 2021 have shown that ours is a business that continues to make strides and the recent unveiling of Tabreed’s new corporate brand could not have been better timed. As our branding proudly states, we are ‘Essential for Progress’ – we facilitate change and enable our customers to prosper and grow, too. But progress is about more than revenue; it’s also about how we take care of our own and, in this, Tabreed is setting new standards, energetically embracing diversity in our human capital with initiatives such as Tabreed Cares and Women in Tabreed. “We also continue to see positive results from our extensive involvement in the UAE’s push for sustainability. Our plants are modern, clean, efficient, reliable and instrumental in reducing environmental impact. That’s undoubtedly good for business and we’re at the very heart of this progressive country’s green agenda.”

‘Essential for Progress’ central to company’s messaging as it looks to the future, following 23 years of outstanding achievement12 April, 2021 – Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), headquartered in the UAE, yesterday unveiled its all-new branding and corporate identity, ushering in an exciting new chapter in the story of one of the country’s most promising companies.This historic development followed Tabreed’s Annual General Assembly (AGA), which was held virtually on 21 March, confirming Tabreed’s stellar performance throughout 2020. The company exceeded all expectations by reporting a 16.5% increase in net income to a record AED 550 million and the addition of 221,100 Refrigeration Tons (RT) of capacity growth, resulting in the delivery of more than 1.4 million RT of cooling capacity. One of Tabreed’s major success stories during 2020 was the acquisition of the world’s largest district cooling scheme in Downtown DubaiThe assembly also saw the company’s shareholders approve a cash dividend of 5.75 fils per share and bonus shares of one share for every existing 45 shares for the financial year ending 31 December 2020. This equates to approximately 11.5 fils for each share at the current share price, representing a 10% increase on 2019’s dividend. Despite its many challenges, 2020 had been a remarkable year for Tabreed and it remains well positioned to make significant progress in the near future.On Sunday 11 April, the new company brand identity lit up the night sky in Downtown Dubai, during a spectacular lights and graphics show projected against the iconic Burj Khalifa. As the show drew to a conclusion, Tabreed’s previous branding dramatically morphed into the all-new identity.Honed and refined over many months by leading industry professionals, Tabreed’s new corporate identity, built around “essential for progress” as a core brand positioning, is more closely aligned with the company’s current strategy where business transformation and growth are to the fore. Reflecting Tabreed’s core values, the branding is more modern and dynamic, bolder in look and feel, and able to accurately articulate the company’s role in society: that of a catalyst for change with progress as its central tenet.Following the unveiling, Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, said: “Tabreed is a company founded on the unending pursuit of progress and this is abundantly clear with our new corporate identity. It accurately portrays us as dynamic, modern and forward-thinking. ‘Essential for Progress’ represents what Tabreed is all about as we work together with our stakeholders, collaborators and customers, helping to shape a more sustainable future for communities all around the world.”Tabreed provides essential district cooling services to the most prestigious landmarks in the UAE and the wider GCC and, for the past 12 months, has worked alongside Emaar to meet the requirements of Downtown Dubai, including Dubai Opera, Dubai Mall and the Burj Khalifa itself.Commenting on the event, Tabreed’s Chief Executive Officer, Bader Al Lamki, said: “Essential for Progress’ is at the core of what Tabreed is. A company providing a vital service, allowing people and communities to flourish, through the deployment of critical infrastructure, at the heart of the region’s economic development. A company that drives progress, by fostering a progressive, diverse, inclusive, people-centred HR culture. A company that drive progress by executing on its ambitious expansion strategy to advance sustainable cooling globally and be an important contributor to the transition towards a greener, more sustainable economy.“Unveiling our new brand identity on the Burj Khalifa was a fitting and appropriate springboard and, over the coming months and years, we will be telling our inspirational story to the world. Tabreed is a force for good in communities all around the globe and we look to the future with eager anticipation. We are catalysts for change and champions of sustainable progress, and I am certain our new look will resonate with anyone who sees it.”