Islamic bonds of National Central Cooling Company, known as Tabreed, rose on speculation the provider of air conditioning services to the Dubai Metro may follow Aldar Properties PJSC in getting financial support from Abu Dhabi. Tabreed’s floating-rate
Cooling services company Tabreed may reach agreement with creditors to restructure around five billion dirhams ($1.36 million) in debt within weeks, it was reported yesterday. Tabreed's bank debt as well as 1.3bn dirhams owed to its largest shareholder,
Tabreed, a district cooling company based in Abu Dhabi, is nearing an agreement with creditors on a restructuring plan worth more than Dh5 billion (US$1.36bn). Sources say Tabreed, which was unable to keep up debt payments last year after the property