Market: DFM Symbol: TABREED ISIN: AEN000501017 Industry: Services
Ever since Tabreed was commissioned by the UAE Government to construct a district cooling plant in Suweihan in the late 1990s, the company has continued to play a vital role in enabling the nation’s economic development by providing pioneering cooling solutions to key infrastructure projects - first in the UAE, and later, across the GCC.

In the UAE, during the peak summer months, air-conditioning typically accounts for 70% of energy consumption. By utilizing approximately 50% less energy, district cooling helps reduce costs to owners and governments alike, while also protecting the environment by decreasing carbon dioxide emissions.

Today, Tabreed delivers its energy-efficient, economical, and environmentally-friendlier cooling solutions to many of the region’s landmark projects, including the Sheikh Zayed Grand Mosque, Burj Khalifa, The Dubai Mall, Dubai Opera, The Dubai Fountain, Cleveland Clinic, Ferrari World, Yas Mall, Aldar HQ, Etihad Towers, Marina Mall, World Trade Center in Abu Dhabi featuring the Burj Mohammed Bin Rashid, Dubai Metro, Dubai Parks & Resorts, and the Jabal Omar Development in the Holy City of Mecca, to name just a few.

Its services have reduced energy consumption in the GCC by more than 2.52 billion kilowatt hours in last twelve months, which has led to the elimination of over 1.50 million tons of carbon dioxide emissions from our atmosphere – the equivalent of removing over 327,048 cars from our streets every year.

With 25 years of successful regional experience, Tabreed has pioneered district cooling in the UAE and across the GCC, partnering on milestone projects that have been at the heart of infrastructure development and have set the standard for the industry. Its portfolio now includes 90 plants in the GCC that deliver over 1.303 million refrigerated tons to projects vital to their respective nations’ economic development and diversification.
TABREED
05/12/2024
Currency AED
Previous Close 2.92
Change (%) 0.00
Volume 487,992
Number of Shares (mln) 2,845.3
Market Cap (mln) 8,308.2
Key Figures
2021
2022
2023
Income Statement (AED'000 )      
Revenue
1,955,085
2,216,156
2,415,475
Gross profit
870,821
1,038,237
1,082,085
Profit for the year attributable to Ordinary equity holders of the parent
585,156
600,188
431,141
Balance Sheet (AED'000 )
Total assets
14,833,327
15,450,917
14,813,690
Total liabilities
8,386,931
8,296,842
7,870,448
Total equity
6,446,396
7,154,075
6,943,242
Cash Flows (AED'000 )
Net cash flows from operating activities
1,316,404
1,355,066
1,311,531
Net cash flows (used in)/ from investing activities
(976,592)
(214,493)
(53,983)
Net cash flows used in financing activities
(455,433)
(564,545)
(1,521,045)
Key Indicators (AED)
Basic and diluted earnings per share
0.21
0.21
0.15
Dividend per share
0.120
0.135
0.155

Revenue

Profit for the year attributable to
Ordinary equity holders of the parent

Revenue by operating segments 2023

Revenue by geographic segments 2023