Sheikh Khaled reviews latest innovations at utilities congress
During the visit, Sheikh Khaled toured several stands of national entities and companies, including Abu Dhabi Department of Energy, TAQA, Enercap — a subsidiary of Apex Investment PSC, and Elsewedy Electric.
Sheikh Khaled reviewed the latest innovations in the water, electricity, and utilities management sectors, and the ongoing efforts of national stakeholders to advance sustainability practices across the industry.
The three-day event convened global decision-makers and experts and featured high-level discussions, pioneering technological solutions and strategic initiatives driving progress across the power and water utilities sectors.
This year's edition welcomed more than 18,000 attendees, 1,400 delegates, and in excess of 500 thought leaders from around the world, further enhancing innovation and reinforcing sustainable and environmentally friendly practices in the utilities sector, amid growing global demand for energy and water.
The 4th World Utilities Congress focused on digital transformation, artificial intelligence, resilient smart-grid systems, and sustainable funding for projects powered by renewable energy sources, such as wind and solar, to drive practical, future-ready solutions for the challenges facing the utilities sector.
During the visit, Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan was accompanied by Mohammed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport, Dr Abdulla Humaid Al Jarwan, Chairman of the Abu Dhabi Department of Energy, Saif Saeed Ghobash, Secretary-General of the Abu Dhabi Executive Council and Chairman of the Office of the Crown Prince, Jasim Husain Thabet, Group CEO and Managing Director of TAQA, and Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC.
Tabreed's network: National Central Cooling Company, Tabreed, operates a district cooling network comprising 92 plants across six countries, delivering over 1.3 million refrigeration tonnes to its customers, all centrally managed through its control centre in Abu Dhabi.
Speaking on the sidelines of the World Utilities Congress held at ADNEC in Abu Dhabi, Khalid Al Marzooqi, Chief Executive Officer of Tabreed, said artificial intelligence will play a pivotal role in the next phase of enhancing energy efficiency in district cooling operations and reducing further carbon emissions.
He highlighted that Tabreed is the first district cooling company in the region to collect vast volumes of real operational data over more than 27 years, which has enabled it to accelerate digital transformation and implement AI in its operations. This is demonstrated through its control and monitoring centre located on Saadiyat Island, Abu Dhabi, which remotely oversees and manages all of Tabreed's plants across the six countries.
Al Marzooqi added that reaching this level means full automation of plant operations and activation of 24/7 monitoring and control systems, laying the groundwork for the next step-leveraging AI capabilities to proactively optimise plant performance and align production with cooling demand.
This, he explained, boosts energy efficiency, reduces pressure on power grids, and ultimately enhances the role of district cooling in cutting carbon emissions and supporting global efforts to achieve net-zero emissions by 2050.
Strategic platform: Elsewedy Electric Transmission and Distribution (Elsewedy Electric T&D) has affirmed that its participation in the World Utilities Congress 2025 serves as a strategic platform for engaging with key clients, partners and suppliers.
Speaking on the sidelines of the event, Hani Shehata, Chief Executive Officer of Elsewedy Electric T&D, said the current edition saw the announcement of new engineering, procurement and construction (EPC) projects signed with Abu Dhabi National Energy Company (TAQA).
He noted that being present at a global event of this scale offers an ideal opportunity to showcase the latest technologies adopted by the company. Among the innovations unveiled is an advanced artificial intelligence-powered solution for project control, which allows remote monitoring of work sites and tracking actual progress against project timelines, thus enhancing performance efficiency and ensuring timely delivery, bringing real added value to clients.
Shehata stressed that network security remains a top priority across all company projects, especially with the growing integration of artificial intelligence tools. He underscored the company's commitment to balancing the deployment of advanced technologies with maintaining the safety and stability of power grids, which is key to successful and sustainable project delivery.
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Zawya
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The uplift reflects continued scale benefits and disciplined cost control, alongside margin expansion as EBITDA rose 5% to AED632 million, with margins improving to 57%. Reflecting its strong financial position and continued cash generation, Tabreed's Board of Directors proposed an interim dividend of 6.5 fils per share for the first half of 2025, or 67% payout based on H1 2025 net profit. This marks the first interim dividend in the company's history and reflects the Board's confidence in Tabreed's performance, outlook and ability to deliver sustainable long-term value. The payment of dividend remains subject to shareholders approval at the General Assembly Meeting expected to be convened in September 2025. Total connected capacity reached 1.37 million Refrigeration Tons (RT), with 41.6k RT of record high organic capacity added during the period, nearly double the full-year total in 2024. 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Zawya
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Tabreed proposes first-ever interim dividend as revenue hits AED 1.11bln in H1 2025
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Following a period of strong operational growth, Tabreed advanced its strategic agenda in June with the announcement that, in a 50:50 joint venture with CVC DIF, the company is to acquire PAL Cooling Holding from Multiply Group. The deal, which remains subject to customary regulatory approvals, is set to add more than 182k RT, increase pro forma connected capacity to 1.55 million RT (+13%) and includes eight concessions with total planned capacity of up to 600k RT. The deal would also expand Tabreed's long-term concession base and customer network, including a new relationship with Modon, and contribute to a secured future capacity pipeline of more than one million RT, equivalent to 80% of current connected capacity. Complementing this landmark development, Tabreed's portfolio continued to grow, with the commissioning of three new greenfield plants during the first half – in local and regional markets, with a combined capacity of 28.6k RT. Developed to meet rising demand in fast-growing urban and industrial hubs, these new facilities reinforce Tabreed's ability to scale operationally while deepening its presence in both core and international markets. Progress also continued on the company's largest-ever greenfield project at Palm Jebel Ali, a 250k RT exclusive concession secured in partnership with Dubai Holding Investments. Together, the PAL Cooling acquisition and Palm Jebel Ali concession represent the two biggest strategic deals in Tabreed's history, expanding the company's total site capacity to approximately 2.6 million RT and reinforcing its platform for long-term, capital-efficient growth and cash flow visibility. With a strong pipeline, long-term concessions and expanding geographical reach, Tabreed remains well positioned to deliver sustained growth through the remainder of 2025 and beyond. 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Tabreed today is more than a utility, we're building a high-performing, future-ready platform that delivers recurring value, with sustainability, efficiency and scale at its core. With visibility over a planned total capacity of approximately 2.6 million RT, we're focused on capital efficiency, operational excellence and preparing the business to lead in new markets and sectors where district cooling plays an essential role.' Tabreed's commitment to sustainability also advanced during the first half, reinforcing its role as a long-term partner in the region's energy transition. As part of its Green Finance Framework, the company continued integrating renewable energy into its operations, including the installation of solar farms at two plants in collaboration with the UAE Ministry of Defence. Tabreed also played an active role in the World Utilities Congress, Abu Dhabi's flagship utilities event, contributing to conversations around low-carbon infrastructure and emerging technologies such as geothermal cooling, in line with its ambition to enhance energy efficiency, reduce emissions, and support national decarbonisation goals. About National Central Cooling Company PJSC (Tabreed) Tabreed provides essential and sustainable district cooling services to iconic developments such as the Burj Khalifa, Sheikh Zayed Grand Mosque, Louvre Abu Dhabi, Ferrari World, Emirates Towers, Yas Island, Al Maryah Island, Dubai Mall, Dubai Opera, Dubai Metro, Bahrain Financial Harbor and the Jabal Omar Development in the Holy City of Makkah. The company owns and operates 94 plants in its portfolio across the GCC, including 76 in the United Arab Emirates and 18 in regional markets. Tabreed is a leading driver of progress for people, communities, and environments around the world towards a more sustainable future. Founded in 1998 and publicly listed on the Dubai Financial Market, it is one of the UAE's strongest growth companies. Through its extensive regional and international operations, industry-leading reliability and efficiency, R&D programmes and investment in AI technology, Tabreed further solidifies its position as the industry's global leader. In addition to district cooling, Tabreed's energy efficiency services extend the company's sustainability impact, helping businesses and organisations to improve their overall energy consumption, in turn reducing CO2 emissions and assisting in the achievement of carbon neutrality objectives. For media enquiries, please contact: Strategic Communications Email: comms@ For investor enquiries, please contact: Email: ir@
Arabian Business
2 days ago
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Tabreed proposes first-ever dividend in its history as H1 revenue rises to $300mn
Abu Dhabi's National Central Cooling Company (Tabreed) has proposed its first-ever interim dividend of 6.5 fils per share after announcing 41.6k RT of record high organic capacity added during the first six months of 2025, nearly double the full-year total in 2024. Total connected capacity reached 1.37 million Refrigeration Tons (RT), with 18k RT of new connections in the UAE and 23.6k RT across regional markets. Tabreed reports strong H1 2025 results The new capacity played a role in the company reporting revenues of AED 1.11 billion (US$300mn), up 3 per cent from the corresponding period last year, and a net profit of AED 276 million (US$75.15 million), a 2.5 per cent increase YoY. The uplift reflects continued scale benefits and disciplined cost control, alongside margin expansion as EBITDA rose 5 per cent to AED 632 million (US$172.1 million), with margins improving to 57 per cent. Consumption volumes grew 3 per cent year-on-year in H1 2025 and accelerated to 8 per cent year-on-year in Q2 2025, reflecting both seasonal uplift and growing utilisation across Tabreed's network. The results reflected strong momentum across Tabreed's platform, with improved margins, cost discipline and sustained demand, laying the foundation for continued growth. Tabreed's Board of Directors proposed the interim dividend, which is 67 per cent payout based on H1 2025 net profit. The payment of dividend remains subject to shareholders approval at the General Assembly Meeting expected to be convened in September 2025. Dr Bakheet Al Katheeri, Tabreed's Chairman, commented: 'Tabreed continues to demonstrate the strength and scalability of its platform, delivering solid financial results while advancing its long-term growth agenda. The record capacity additions in H1 2025, following landmark transactions, including the Palm Jebel Ali development and strategic acquisition of PAL Cooling, reinforce our position as a cross-regional operator and infrastructure partner with a clear mandate for value creation. 'As a Board, we remain focused on capital discipline and sustainable returns, and this balance between growth and value creation is reflected in our decision to propose Tabreed's first-ever interim dividend.' During the period, Tabreed announced a 50:50 joint venture with CVC DIF, the company that is set to acquire PAL Cooling Holding from Multiply Group following regulatory approvals. The acquisition is set to add more than 182k RT, increase pro forma connected capacity to 1.55 million RT (+13 per cent) and includes eight concessions with total planned capacity of up to 600k RT. It will expand Tabreed's long-term concession base and customer network, including a new relationship with Modon, and contribute to a secured future capacity pipeline of more than one million RT, equivalent to 80 per cent of current connected capacity. The company also reported progress in its largest-ever greenfield project at Palm Jebel Ali, a 250k RT exclusive concession secured in partnership with Dubai Holding Investments. Together, the PAL Cooling acquisition and Palm Jebel Ali concession represent the two biggest strategic deals in Tabreed's history, expanding the company's total site capacity to approximately 2.6 million RT. Free cash flows reached AED 973 million (US$265 million) over the past 12 months, translating to a 11.5 per cent yield. This is supported by strong collections, margin stability and disciplined capital allocation. As a result, net debt to EBITDA improved to 3.7x, down from 4.2x a year earlier.
