Tabreed completed the acquisition of PAL Cooling in a 50/50 partnership with CVC DIF for an enterprise value of AED 4.1 billion, adding 191,000 refrigeration tons (RT) of connected capacity.
The company formed a strategic partnership with Dubai Holding (51% Tabreed stake) to provide district cooling for Palm Jebel Ali, involving a planned AED 1.5 billion capital expenditure and 250,000 RT in concession capacity.
Total connected capacity increased by 19% in 2025 to 1.57 million RT across 99 plants, driven by a record addition of 249,000 RT in new capacity.
Financial results for 2025 include AED 2.46 billion in revenue, an EBITDA margin of 51.6%, and a Board-recommended dividend of 13 fils per share.
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