National Central Cooling : Clarification of the news published in media
February 18, 2022 at 06:42 am EST
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Date: 18 February 2022
H.E Dr. Maryam Buti Al Suwaidi
Chief Executive Officer
Securities & Commodities Authority
Abu Dhabi - UAE
H.E Hamed Ali
Chief Executive Officer
Dubai Financial Market
Dubai - UAE
Subject: Clarification on news published in the media
Greetings,
In relation to the recent news articles regarding the potential acquisition of district cooling assets from "Majid Al Futtaim", we confirm that while Tabreed has consistently stated to the market that Tabreed is continuously exploring potential acquisition opportunities in respect of prime district cooling assets situated in the UAE, in the wider region and internationally as part of its overall growth strategy to generate value for its stakeholders, Tabreed will not comment on market rumour and speculation about potential acquisitions prior to their finalization.
2022 ريابفر 18 :خ يراتلا
ر. ةمبحملا يديوسلا طب ميرم د ةداعس
ي
يذيفنتلا سيئرلا علسلاو ةيلاملا قارولأا ةئيه
ةدحتملا ةيبرعلا تاراملإا ةلود -بظوبأر
ي
ر/ مبحملا لع دماح ةداعس
ي
يذيفنتلا سيئرلا
لاملا بد قوس ي ير
ةدحتملا ةيبرعلا تاراملإا ةلود - بد ير
ملاعلإا لئاسو ف ةروشنملا رابخلا حيضوت :عوضوملا
ي
،دعبو ةبيط ةيحت
ر
تاثداحم نأشب ارخؤم فحصلا ضعب اهتلوانت بلا رابخلأا لإ ةراشلإاب
ام لمتحم ذاوحتسا يأ لوح قوسلا ف ةلوادتملا تانهكتلاو تاعئاشلل
ي
.ْ لوصلأا بسحب ،مسر لكشب ذاوحتسلاا كلذ متي مل
ي
Tabreed emphasizes its commitment to the disclosure and transparency requirements of the Securities and Commodities Authority and the Dubai Financial Market and confirms that all disclosures relating to all material transactions will be made to the market as and when they are finalized.
For more information, please do not hesitate to contact us.
Tabreed - National Central Cooling Company PJSC published this content on 18 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 11:41:08 UTC.
National Central Cooling Company PJSC (Tabreed), a subsidiary of Mubadala Development Company PJSC, is a United Arab Emirates-based company engaged in the provision of cooling solutions to government, commercial, residential and private organizations across the Middle East. The Company is organized into two segments: The Chilled Water segment, which constructs, owns, assembles, installs, operates and maintains cooling and conditioning systems, as well as distributes and sells chilled water for use in district cooling technologies, and the Value chain business segment, which is involved in ancillary activities relating to the expansion of Companyâs chilled water business. Tabreedâs portfolio includes 66 plants across the Gulf Cooperation Council (GCC). The Companyâs affiliates and subsidiaries include Qatar District Cooling Company QCSC and Bahrain District Cooling Company BSC, among others.