Commercial Services - News
Tabreed-MIP consortium acquires Dh1.05b cooling contract
(Khaleej Times - 11/07/2014)
The transaction involves the acquisition of the existing district cooling provider to Al Maryah Island. A consortium comprising the National Central Cooling Company (Tabreed) and Mubadala Infrastructure Partners (MIP) announced that it has acquired a ...
Tabreed wins $286m cooling services contract
(Reuters - 10/07/2014)
UAE's Tabreed is heading a consortium that has acquired a concession to provide district cooling services in Abu Dhabi worth 1.05 billion dirhams ($285.9 million), the firm said on Thursday. The 30-year contract involves buying the existing district ...
Topaz energy and Viking ink life-raft servicing pact
(Times of Oman - 05/06/2014)
Renaissance subsidiary Topaz Energy and Marine, a leading offshore support vessel company and Viking Life-Saving Equipment, a marine and fire safety equipment leader jointly announced the signing of a multi-million dollar, 10-year life-raft servicing ...
Tabreed signs Dh6b district cooling contract with UAE Armed Forces
(Gulf News - 03/06/2014)
National Central Cooling Company, Tabreed, yesterday said it has signed a Dh6 billion contract with the United Arab Emirates Armed Forces (UAEAF) to supply it with district cooling services for the next 20 years. The move marks the renewal of Tabreed’s ...
OIFC board of directors proposes 25% cash dividend
(Times of Oman - 29/05/2014)
The board of directors of Oman Investment and Finance Company (OIFC) yesterday decided to recommend a 25 per cent cash divided amounting to OMR5 million. This is subject to the approval of shareholders of the company at its annual general meeting, the ...
Tabreed expanding through Qatari affiliate
(Gulf News - 26/05/2014)
Dubai-listed National Central Cooling Company (Tabreed) is expanding its Gulf operations through a Qatari affiliate company. Tabreed announced on Sunday that Qatar District Cooling Company (Qatar Cool) has signed a construction contract for a fourth ...
Agility starts Kizad operations
(Gulf News - 26/05/2014)
Integrated logistics company, Agility, has started operating out of its new 11,133 square metre facility in the Kizad Logistics Park in Abu Dhabi. The transaction is Abu Dhabi’s largest private sector warehouse leasing deal, according to a joint ...
Renaissance initiates work on Duqm project
(Times of Oman - 15/05/2014)
Renaissance Services has started work for building the 16,000-bed Duqm contractors' accommodation. Earth works and piling works of the project, which is being implemented by the Contract Services Group (CSG) of Renaissance, have already been started and ...
Renaissance sells United Media Services
(Times of Oman - 30/04/2014)
Renaissance Services (Renaissance) announced that it has entered into a binding agreement with Muscat Overseas Group to divest its wholly owned subsidiary, United Media Services (UMS). Muscat Overseas Group is one of the leading business organisations in ...
Tabreed’s Q1 2014 Net Profit Increases 22% To AED 58 Million
(Press Release - 28/04/2014)
National Central Cooling Company PJSC (‘Tabreed’), the leading Abu Dhabi-based district cooling utility infrastructure company, today released its 2014 first quarter consolidated financial results. The company’s strong performance continues to be driven ...
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