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Trades about 1% below its sector, cheaper than its peers on earnings.
National Central Cooling Company PJSC, known as Tabreed, along with its subsidiaries, delivers extensive cooling solutions throughout the United Arab Emirates and on an international scale. Its business is organized into two core segments: Chilled Water and Value Chain Business. The Chilled Water division is responsible for the construction, ownership, assembly, installation, ongoing operation, and maintenance of various cooling and air conditioning systems. This segment also manages the distribution and sale of chilled water for district cooling purposes, as well as the operation and upkeep of its plants. Within the Value Chain Business, the company undertakes the construction of secondary networks, manufactures pre-insulated pipes, markets chilled water-related products, and provides services focused on improving building energy efficiency. Additionally, Tabreed offers a suite of services including commissioning, engineering, water treatment, and design and supervision consultancy, alongside handling the billing and collection of chilled water charges. Incorporated in 1998, the company is headquartered in Abu Dhabi, UAE.
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