15 February, 2021 – Abu Dhabi, United Arab Emirates: The National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based international district cooling developer, today released its audited financial results for 2020. Tabreed reported a 16.5% increase in 2020 net income to AED 550 Million, adding 39.6k Refrigeration Tons (RT) of organic capacity growth and 181.5k RT of inorganic capacity additions, resulting in the delivery of 1,403,819 RT of cooling capacity at the end of the calendar year.Tabreed’s Board of Directors have recommended a return of value to shareholders for 2020 through the combination of a cash dividend of 5.75 fils per share plus a bonus share issue of 1 share for every 45 shares held. This equates at current share price to roughly 11.5 fils/share and represents a 10% increase on 2019 dividend. This cash plus equity dividend in 2020 reflects the Board’s intention to prioritize returning value to shareholders and positions Tabreed strongly to secure further growth opportunities.Despite a challenging business environment through a large part of the year, Tabreed announced a number of notable achievements during 2020, including the acquisition of the world’s largest district cooling scheme in Downtown Dubai with a total capacity of 235,000RT and two concessions with a total capacity of 88,000RT in Saadiyat Island.This growth was underscored by strong investor confidence in its performance, as well as industry recognition. In October, Tabreed raised USD 500 million through a seven-year, 2.5% coupon bond issuance that was oversubscribed at almost five times its initial size. The company also received several industry awards in 2020, including the Clean Energy Ministerial Energy Management Insight Award, the Solar Impulse Efficient Solution Label Award, and the International District Energy Association System of the Year Award for its advancements in energy system management and efficiency.The results reinforce Tabreed’s resilience and organizational flexibility, with the company moving quickly early in the year to cope with the challenges brought on by uncertain market conditions. Every precaution was, and still is, being put in place to ensure that service remains uninterrupted and operations are adjusted to secure the safety of our staff on the ground by utilizing innovative AI to decrease human interaction onsite, with Tabreed also adopting industry-leading health and safety practices and sanitization programs at all company sites.In parallel, the company launched its ‘#TabreedCares’ initiative in 2020, through a number of individual programs run across Tabreed’s operations in collaboration with partners across the region. This included financial contributions to help facilitate testing and aid local communities, in addition to technical assistance to support operational precautionary measures at select sites.Financial highlights – 12 months ended 31 December 2020:  Net income increased by 16.5% to AED 550 million (2019: AED 472 million)Group revenue increased by 14.5% to AED 1,741 million (2019: AED 1,520 million)EBITDA increased by 27% to AED 970 million (2019: AED 763 million)Operational highlights – 12 months ended 31 December 2020:         Total Group connected capacity across the total portfolio increased to 1,403,819 Refrigeration Tons (RT)221.1k Refrigeration Tons (RT) of new customer connections added6 new plants added through acquisitions of Downtown Dubai and Saadiyat IslandEnvironmental impact highlights- 12 months ended 31 December 2020:12,842,023 man-hours without a lost-time injury2.26 billion kilowatt/hours saved across the GCC – enough to power 128,443 homes every yearPrevented the release of 1.35 million metric tons of CO2 into the atmosphere, which is equivalent to the removal of 293,129 vehicles from the roads annuallyCommenting on the results, Khaled Abdulla Al Qubaisi, Tabreed’s Chairman, said: “Tabreed has become an international powerhouse in district cooling, with 86 plants and investments in six countries. Our financial and operational achievements this past year allowed us to achieve impressive results despite a challenging operating environment, solidifying Tabreed’s growth story and its reputation for leading edge innovation within the district cooling sector. For 2020 and beyond, I am confident about our ability to continue to deliver even stronger performance, whilst also contributing to the region’s sustainable development.”Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “We executed effectively and decisively on each of our 2020 priorities amidst a challenging backdrop this year. I am extremely proud of our ability to adapt quickly whilst continuing to deliver on our long-term strategy, and believe that Tabreed is well-positioned to continue to capitalise on a number of additional opportunities and partnerships, both this year, and well into the future.”For over 22 years, Tabreed has been the partner of choice for organizations seeking environmentally friendly cooling solutions to support their sustainability goals and to reduce their overall energy consumption and carbon footprint. With 86 district cooling plants, Tabreed currently delivers over 1.404 million RT to key developments, including iconic projects such as the Burj Khalifa, Dubai Opera, The Dubai Mall, Sheikh Zayed Grand Mosque, Al Maryah Island, Yas Island, Dubai Metro, the Bahrain Financial Harbour and the Jabal Omar Development in the Holy City of Mecca in the Kingdom of Saudi Arabia.​

24 January 2021 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based district cooling developer, has announced the signing of an agreement with twofour54 to cool its new headquarters Yas Creative Hub in Yas Bay, which it is set to open later this year. Tabreed will connect the new campus development to its existing Yas Island district cooling scheme, and will deliver a cooling capacity of 3,500 refrigeration tons (RT) by the end of this year, with a total concession capacity of 9,000 refrigeration tons. The two companies have signed a long-term services agreement that will see Tabreed supply twofour54 with district cooling services for the next 30 years. Yas Creative Hub is the first industry-specific facility built for media, entertainment, and gaming in the GCC and has been designed with the unique and evolving needs of these sectors in mind. Spanning 2.9 million sq ft (270,000 sq.m), Yas Creative Hub is expected to triple the size of Abu Dhabi’s media sector over the next 10 years, with over 600 companies moving to the development including CNN, Unity Technologies, Ubisoft and Vice Media. Commenting on the announcement, Bader Saeed Al Lamki, Tabreed’s Chief Executive Officer, said: “Tabreed has been playing a critical role in supporting Abu Dhabi’s sustainability agenda through providing sustainable cooling solutions to the Emirate’s iconic projects. Our new partnership with TwoFour54 builds on our existing presence and experience maximizing energy efficiency and reducing carbon footprint on Yas Island, and we are delighted that TwoFour54 have entrusted Tabreed for the next 30 years.” With over two decades of experience in providing technologically advanced and sustainable cooling solutions to a variety of customers across the region, Tabreed is already a partner to a number of world-class destinations on Yas Island, including Yas Water World, Warner Bros. World™ Abu Dhabi and Ferrari World Abu Dhabi, along with Yas Marina and the iconic flagship Hotel, W Abu Dhabi – Yas Island. In total, Tabreed currently serves more than 59,000RT of contracted capacity at Yas Island, and the Island as a whole has a potential overall capacity of more than 100,000 RT. Yas Creative Hub is designed to be sustainable and is targeting a 2 pearl rating under the Estidima Pearl Building Rating System, established under Abu Dhabi’s sustainable growth plan 2030. The new development will feature a fully-walkable layout, links to local public transport routes and lower building heights compared to surrounding residential buildings helping to create campus-style feel. The agreement between the two companies also includes a provision for a dedicated plant in Yas South to cater to potential expansion and future requirements by twofour54. Maha Al Jneibi, Director – Real Estate Development at twofour54 said: “By working with an industry-leading specialist in Tabreed, we are ensuring that our tenants at Yas Creative Hub will benefit from innovative cooling solutions, helping to support our, as well as their needs well into the future. Tabreed shares our commitment to sustainability, and we are delighted to be forging a new partnership with them today.” For over 22 years, Tabreed has been the partner of choice for organizations seeking environmentally friendly cooling solutions to support their sustainability goals and to reduce their overall energy consumption and carbon footprint. With 86 district cooling plants, Tabreed currently delivers over 1.399 million RT to key developments, including iconic projects such as the Burj Khalifa, Dubai Opera, The Dubai Mall, Sheikh Zayed Grand Mosque, Al Maryah Island, Dubai Metro, the Bahrain Financial Harbour and the Jabal Omar Development in the Holy City of Mecca in the Kingdom of Saudi Arabia.

20 January 2021 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the international, leading UAE-based district cooling developer, has announced that it is expanding its partnership with Masdar by developing and connecting Masdar and Tabreed infrastructure to help increase operating synergies further.The collaboration represents another major milestone in Tabreed’s strategy of providing efficient cooling to sustainable cities around the world, and expands on Tabreed and Masdar’s existing relationship. In January 2020, Tabreed acquired Masdar City’s district cooling company, a move that is set to provide efficient cooling services to more than 2.7 million sq.m in Masdar City, with an ultimate total capacity of 69,000 Refrigerated Tonnes (RT) under the concession.The two companies also announced that Tabreed will leverage its sector expertise to carry out Research & Development testing on two deep geothermal wells located in Masdar City. The tests will study the viability of geothermal energy technology and its ability to substantially reduce electricity consumption.Commenting on the announcement, Bader Saeed Al Lamki, Tabreed’s Chief Executive Officer, said: “As an industry leader, our strategic partnerships have allowed us to diversify our operations and venture into innovative solutions that support our core business, such as deep geothermal technology, a first in the region. We are committed to developing these solutions to support the growth of sustainable urban communities like Masdar City, and we look forward to the continuation of a highly successful partnership with Masdar.”As a hub for innovation, technology and research and development, Masdar City provides a strategic platform through which Tabreed can test new technologies and progress its strategy of providing efficient cooling to sustainable cities around the world.Abdulla Balalaa, Acting Executive Director, Sustainable Real Estate, Masdar City said: “Masdar City is home to one of the largest low-carbon building clusters in the world, which offers potential annual energy savings of around 50,000 MWh for companies based there, resulting in OPEX savings of more than AED 10 million. Working with an industry leader such as Tabreed, supports us in ensuring that our tenants benefit from the most sustainable and innovative cooling solutions, while continuing to progress our shared goal of a more sustainable future for all.”As one of Masdar’s key partners, Tabreed participated this week in Abu Dhabi Sustainability Week, which Masdar hosts annually. Tabreed CEO Bader Saeed Al Lamki delivered a central address around the activities of the Cool Coalition, of which Tabreed is a partner, and Tabreed’s commitment to climate action. The Coalition works to connect its network of over 100 partners from the private and public sectors, international organizations, finance, academia and civil society to expand access to cooling whilst reducing global climate impact.For over 22 years, Tabreed has been the partner of choice for organizations seeking environmentally friendly cooling solutions to support their sustainability goals and to reduce their overall energy consumption and carbon footprint. With 86 district cooling plants, Tabreed currently delivers over 1.399 million RT to key developments, including iconic projects such as the Burj Khalifa, Dubai Opera, The Dubai Mall, Sheikh Zayed Grand Mosque, Al Maryah Island, Dubai Metro, the Bahrain Financial Harbour and the Jabal Omar Development in the Holy City of Mecca in the Kingdom of Saudi Arabia.

13 January 2021 – Abu Dhabi, United Arab Emirates: Tabreed Energy Services, a company that provides customers with an integrated set of consultancy, operations and maintenance services and is a wholly owned subsidiary of the National Central Cooling Company PJSC (Tabreed), the leading international district cooling developer based in the UAE, established today a strategic partnership with Abu Dhabi Commercial Properties (ADCP) to increase energy efficiency across a number of their buildings.Under the terms of the partnership, Tabreed Energy Services will provide its expertise in energy efficiency and sustainable cooling operations to perform energy audits of selected buildings owned or managed by ADCP. Through the captured data, Tabreed will identify buildings with high potential to reduce its energy and water demand. Additionally, Tabreed will perform the same exercise for the buildings managed by ADCP to roll out energy efficiency improvements.Commenting on the partnership, Bader Al Lamki, Chief Executive Officer, Tabreed said: “We are pleased to collaborate with ADCP to perform this energy audit to maximise energy efficiency across their assets. This is part of our mandate to support energy demand reduction in Abu Dhabi and we are always willing to partner with entities including property and facility management companies to help optimize their energy demand.”For his part, Mohamed Binbrek, General Manager, Abu Dhabi Commercial Properties (ADCP): “We are pleased to collaborate with Tabreed Energy Services to ensure we provide the most advanced energy efficient services to our clients. Our collaboration will help us adopt innovative solutions that can deliver tangible reductions in energy consumption and overall usage while preserving the overall ecosystem.”ADCP is a multi-functional real estate and property Management Company and a subsidiary of Abu Dhabi Commercial Bank (ADCB).Established in January 2020, Tabreed Energy Services offers 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 and traditional service models.

The deal will see a new dedicated plant built by 2022 to service SeaWorld Abu Dhabi and future Yas Island projects.06 January, 2021 – Abu Dhabi, United Arab Emirates: National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based international district cooling developer, has announced the signing of an agreement with Miral to provide district cooling services to SeaWorld Abu Dhabi, a first-of-its-kind marine life theme park being developed by Miral on Yas Island, a top global destination for entertainment, leisure and business.Tabreed will connect the new SeaWorld Abu Dhabi development to its existing Yas Island district cooling scheme and will deliver a cooling capacity of  7,500 refrigeration tons with a total concession capacity of 15,000 refrigeration tons (RT).Tabreed also plans to build a new dedicated plant by 2022 at the SeaWorld Abu Dhabi site and once the plant is built, the development will benefit from a reliable, technologically advanced and sustainable source of cooling interconnected to the Yas Island centralised cooling scheme operated by Tabreed.Commenting on the announcement, Bader Saeed Al Lamki, Tabreed’s Chief Executive Officer, said: “We are delighted to have signed an agreement with Miral to provide essential district cooling services to SeaWorld Abu Dhabi. Our commitment has always been to deliver state-of-the-art district cooling solutions that are energy efficient, reliable and cost-effective. We look forward to further strengthening our long-standing partnership with Miral through the development of this key plant on Yas Island.”“Tabreed has been playing a critical role in supporting Abu Dhabi’s sustainability agenda through providing sustainable cooling solutions to the Emirate’s iconic projects to maximize energy efficiency and reduce their carbon footprint. We are proud to share the sustainability vision with Miral for SeaWorld Abu Dhabi, which aims to provide impactful education and learning opportunities that inspire future generations to care for the oceans and support marine life,” he added.Gurjit Singh, Chief Portfolio Officer at Miral commented: “We are pleased to be expanding our partnership with Tabreed, a state-of-the-art cooling infrastructure on Yas Island, delivering crucial cooling services to many of our award-winning theme parks. SeaWorld Abu Dhabi is set to be Yas Island’s next mega attraction, and with this agreement, we ensure the continuous delivery of trusted, reliable and energy-efficient services to our growing portfolio of developments. This is yet another step towards our vision of positioning Yas Island as a top global destination for leisure and entertainment.” With over two decades of experience in providing technologically advanced and sustainable cooling solutions to a variety of customers across the region, Tabreed is uniquely equipped to deliver cooling services to world-class theme parks and aquariums such as SeaWorld Abu Dhabi. Yas Water World, Warner Bros. World™ Abu Dhabi and Ferrari World Abu Dhabi, along with Yas Marina and the iconic flagship Hotel, W Abu Dhabi – Yas Island, already benefit from Tabreed’s district cooling services. In total, Tabreed currently serves more than 59,000RT of contracted capacity at Yas Island, and the Island as a whole has a potential overall capacity of more than 100,000 RT.For over 22 years, Tabreed has been the partner of choice for organizations seeking environmentally friendly cooling solutions to support their sustainability goals and to reduce their overall energy consumption and carbon footprint. With 86 district cooling plants, Tabreed currently delivers over 1.399 million RT to key developments, including iconic projects such as the Burj Khalifa, Dubai Opera, The Dubai Mall, Sheikh Zayed Grand Mosque, Al Maryah Island, Dubai Metro, the Bahrain Financial Harbour and the Jabal Omar Development in the Holy City of Mecca in the Kingdom of Saudi Arabia.