GulfBase Live Support
02/02/2018 05:18 AST
National Central Cooling Co. plans to acquire assets in markets like Saudi Arabia and Egypt starting this year as the Abu Dhabi-based company seeks to expand.
“We’re always keen on acquisitions, and Saudi Arabia is also a potential market we’re looking at,” Chief Executive Officer Jasem Hussain Thabet said in a Bloomberg TV interview. “We’d potentially be looking at markets in North Africa and India.”
The company, also known as Tabreed, would seek to use project financing to fund the acquisitions while contributing about 20 per cent to 25 per cent of the deal value from its own cash, he said. Tabreed has about Dh1.1 billion ($299 million) in cash and credit lines available, Thabat said, meaning it could target assets valued at about $1 billion.
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National Central Cooling Company (Tabreed) has acquired the remaining 50 per cent of the shares in S&T Cool District Cooling Company, a major district cooling provider on Reem Island in Abu Dhabi, UA
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National Central Cooling Company (Tabreed), on Tuesday announced the acquisition from Aldar Properties of 50 per cent shareholding in S&T Cool District Cooling Company on Reem Island in Abu Dhabi for
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SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
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Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
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Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News