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Tabreed Annual General Assembly Approves 5 Fils Per Share Dividend

Wednesday, April 17, 2013

Abu Dhabi – United Arab Emirates: The Annual General Assembly of National Central Cooling Company PJSC (‘Tabreed’), the leading Abu Dhabi-based district cooling utility company, yesterday approved all resolutions presented to shareholders including a dividend distribution of 5 fils per share.

The assembly, chaired by Waleed Al Mokarrab Al Muhairi, Chairman of Tabreed’s Board of Directors, reviewed and approved the Board of Directors’ report, the auditor’s report and the financial statements for the year ended 31 December 2012, and the appointment of the company’s auditor for 2013.  The assembly also approved the Board of Directors’ remuneration and discharged them and the auditor of the company from liability for 2012.

In 2012, Tabreed’s net profit increased by 29% from the previous year to reach just over AED 236 million, with overall group revenues reaching AED 1,129 million.

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