The profits of the UAE National Central Cooling Company “Tabreed” rose to 600.2 million dirhams during the year 2022, which represents an increase of 3% over the previous year, according to the company’s financial statements that it announced on Wednesday.
Tabreed provides its services in several regions in the Emirates, Bahrain and Saudi Arabia. It owns 86 district cooling plants in a number of GCC countries, as it operates 75 stations in the UAE, 3 stations in Saudi Arabia, 7 stations in the Sultanate of Oman, and a station in Bahrain, in addition to other countries.
The most prominent financial results for the past year:
Revenues rose 13% to 2.22 billion dirhams
Chilled water revenues increased by 14% to reach AED 2.14 billion
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