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, Ferrari World, Dubai Metro, Etihad Towers, World Trade Center Abu Dhabi, Aldar’s HQ, The Pearl – Qatar as well as the Jebal Omar Development Project in Mecca and the Bahrain Financial Harbour, to name just a few.

Its services have reduced energy consumption in the GCC by more than 2.06 billion kilowatt hours annually, which has led to the elimination of over 1.23 million tons of carbon dioxide emissions from our atmosphere – the equivalent of removing over 268,000 cars from our streets every year.

In the 20 years since its establishment, Tabreed has become the region’s leading district cooling provider. Its portfolio now includes 80 plants in the GCC that deliver over 1,182,715 refrigerated tons to projects vital to their respective nations’ economic development and diversification.
TABREED
01/06/2020
Currency AED
Previous Close 2.00
Change (%) 1.52
Volume 120,530
Number of Shares (mln) 2,715.5
Market Cap (mln) 5,431.1
Key Figures 2017 2018 2019
Income Statement (AED'000 )      
Revenue
1,399,428 1,446,885 1,520,103
Gross profit 627,664 662,928 752,554
Profit for the year attributable to Ordinary equity holders of the parent 400,113 427,628 472,479
Balance sheet (AED'000 )      
Total assets 8,695,617 8,484,270 8,903,622
Total liabilities 3,898,597 3,746,802 3,887,967
Total equity 4,797,020 4,737,468 4,944,989
Cash flows (AED'000 )      
Net cash flows from operating activities 555,092 662,122 781,910
Net cash flows (used in)/ from investing activities -74,219 -241,230 -183,978
Net cash flows used in financing activities -452,554 -590,226 -619,976
Key indicators (AED)      
Basic and diluted earnings per share 0.15 0.16 0.17
Dividend per share 0.080 0.095 0.105