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Tabreed appoints new CEO

Wednesday, May 06, 2009

National Central Cooling Company PJSC (ticker symbol: Tabreed) ‘Tabreed’, the Abu-Dhabi based utility company announced today that it has appointed Sujit S. Parhar to the position of Chief Executive Officer.

Commenting on the appointment, Tabreed Chairman Khadem Abdulla Al Qubaisi says: “As a key infrastructure partner to the growth of Abu Dhabi, Tabreed faces a tremendous opportunity for continued growth in the region. This appointment marks the Board of Directors’ commitment to building a strong management team towards growing a stable and long-term regional utility business.

“Sujit” brings extensive experience from the utilities and infrastructure sectors in Singapore, and a track-record of delivering best-practice management for listed companies. We are delighted to have appointed Sujit to the role of CEO and the experience he brings to the company.”

Prior to joining Tabreed Sujit worked for SembCorp Industries – a Singapore-based utilities company where he was Senior Vice President and Head of Regional Business Development.Commenting on his appointment, Sujit S. Parhar says: “This is an exciting time to be joining Tabreed. District cooling is an essential utility for the delivery of the Abu Dhabi 2030 Plan and Tabreed is committed to playing a vital role in the Emirate’s growth. This year we expect to deliver an additional seven new plants in Abu Dhabi alone.”
The appointment is effective immediately. Karl Marietta will assume a new role with Tabreed as a consultant to the executive management team.

Tabreed currently has 19 district cooling plants under construction across the Middle East, with 16 new plants expected to come online in 2009.

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