National Central Cooling Co - Company Profile
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National Central Cooling Co (Tabreed) is a provider of district cooling utility solutions. It constructs, installs and operates cooling and conditioning systems. The company provides cooling solutions and air conditioning services for various buildings. It also distributes and sells chilled water for district cooling technologies; and provides various other services such as design and supervision services for electrical, mechanical and sanitary engineering works. The company has presence across the UAE, Egypt, Saudi Arabia, Oman, Bahrain and India. The company provided its solutions to various projects including Ferrari World Abu Dhabi, Cleveland Clinic Abu Dhabi, Etihad Towers, The Louvre Abu Dhabi, Rosewood Abu Dhabi, Dubai Parks and Resorts and Sheikh Zayed Grand Mosque. Tabreed is headquartered in Masdar City, Abu Dhabi, the UAE.
Headquarters
United Arab Emirates
Address
Masdar City, P.O. Box 29478, Abu Dhabi, 29478
Website
www.tabreed.ae
Telephone
971 2 2020400
No of Employees
16,116
Industry
Construction
Ticker Symbol & Exchange
TABREED (DFM)
Revenue (2024)
$668.8M
0.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-18.4%
(2024 vs 2023)
Market Cap*
$2.0B
Net Profit Margin (2024)
XYZ
-19.2%
(2024 vs 2023)
* As of and is in US$
National Central Cooling Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Cooling Systems | Installation and Maintenance |
| Chilled Water Distribution | |
| Pre-Insulated Piping System | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In June, the company and CVC DIF partnered to acquire PAL Cooling Holding from Multiply Group for approximately AED3.8 billion. |
| 2025 | Contracts/Agreements | In March, the company and Dubai Holding Investments formed a joint venture to provide district cooling services for Palm Jebel Ali in Dubai. |
| 2023 | Commercial Operation | In December, the company and ADNOC commenced operations at G2COOL. |
Competitor Comparison
| Key Parameters | National Central Cooling Co | Emirates Central Cooling Systems Corp PJSC | ADC Energy Systems | Emirates District Cooling LLC | Gulf Star Cooling Services LLC |
|---|---|---|---|---|---|
| Headquarters | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates | United Arab Emirates |
| City | Abu Dhabi | Dubai | Dubai | Dubai | Abu Dhabi |
| State/Province | Abu Dhabi | Dubai | Dubai | Dubai | Abu Dhabi |
| No. of Employees | 16,116 | 1,025 | - | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Khalid Al Marzooqi | Chief Executive Officer | Senior Management | 2021 | - |
| Adel Salem Al Wahedi | Chief Financial Officer | Senior Management | 2020 | - |
| Antonio Di Cecca | Chief Operating Officer | Senior Management | 2022 | - |
| Yousif Al Hammadi | Chief Asset Management Officer | Senior Management | - | - |
| Bakheet Al Katheeri | Chairman | Non Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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