Sector News

Dubai – Mubasher: Tabreed Company for Central Cooling Services, a wholly-owned subsidiary of National Central Cooling Company (Tabreed), signed a long-term concession agreement with Egyptians for Healthcare Services (EHCS) at a value of EGP 1.60 …

Dubai – Mubasher: A subsidiary of National Central Cooling Company (Tabreed) was awarded an amount of AED 118 million as per an arbitration award issued in August 2022 over a financial dispute with one of its clients. The award value represents …

Dubai – Mubasher: The net profit attributable to the equity holders of Amanat Holdings plummeted to AED 66.64 million in the first half (H1) of 2022, compared to AED 235.33 million in H1-21. The company registered AED 257.11 million in revenue …

Dubai – Mubasher: NEMA Holding, a 35% subsidiary of Amanat Holdings and formerly known as the Abu Dhabi University Holding Company, has fully acquired Liwa College of Technology (LCT), an Abu Dhabi-based private higher education provider. This …

Dubai – Mubasher: The ordinary general meeting (OGM) of National Central Cooling Company (Tabreed) has agreed on a cash dividend distribution of 6 fils per share, aggregating at a total value of AED 166.55 million, for 2021. The company will also …

Dubai – Mubasher: National Central Cooling Company (Tabreed) has launched a green financing framework to support projects aligned with the UAE’s carbon-neutral objectives. Under the framework, the company will issue green bonds and loans to …

Dubai – Mubasher: The integrated report issued by National Central Cooling Company (Tabreed) for 2021 showed an increase of 7% year-on-year (YoY) in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to AED 1.03 billion from …

Dubai – Mubasher: Tabreed Company for Central Cooling Services, a wholly-owned subsidiary of National Central Cooling Company (Tabreed), has signed an AED 22 million concession agreement for the design, construction, and long term operation of …

Dubai - Mubasher: Tabreed Oman, a 60.54%-owned subsidiary of National Central Cooling Company (Tabreed), has signed an agreement with Al Mouj Muscat (Al Mouj) to acquire the district cooling plants and related assets in Muscat Oman at a value of …

Dubai – Mubasher: National Central Cooling Company (Tabreed) has completed a strategic partnership for the International Finance Corporation (IFC), a member of the World Bank Group, to hold a 25% stake in Tabreed India, a wholly-owned subsidiary …

Dubai – Mubasher: Amanat Holdings has allocated at least AED 1.5 billion ($408 million) for acquisitions in the healthcare and education sectors across different markets in 2022, the company's CEO, Mohamad Hamade, told Bloomberg TV. Hamade added …

Dubai – Mubasher: The net profits attributable to the equity holders of National Central Cooling Company (Tabreed) jumped by 5% to AED 388.002 million during the first nine months of 2021 from AED 370.444 million in the same period of 2020, as …

Dubai – Mubasher: The unaudited interim consolidated financials of Amanat Holdings has registered net profits attributable to the equity holders of AED 273.8 million in the first nine months of 2021, against net losses of AED 11.9 million in the …

Mubasher: Saudi Healthcare and Education Fund, indirectly owned by Amanat Holdings through its subsidiaries, has sold its 13.13% minority equity interest in International Medical Center (IMC) in exchange for SAR 443 million (AED 433 million). The …

Dubai – Mubasher: Amanat Holdings has acquired the real estate property of Cambridge Medical and Rehabilitation Centre’s (CMRC) facility in Abu Dhabi for AED 46 million and launched its social infrastructure platform. In line with Amanat’s …

Dubai – Mubasher: National Central Cooling Company (Tabreed) has entered into an agreement to divest its 44% stake in Qatar District Cooling Company (Qatar Cool) to United Development Company (UDC) in exchange for AED 417 million. Tabreed's assets …

Dubai – Mubasher: Amanat Holdings reported AED 235.3 million in net profits attributable to the equity holders in the first half (H1) of 2021, up by 40,054% year-on-year (YoY) from AED 586,000 in H1-20. The GCC’s largest healthcare and education …

Dubai – Mubasher: The net profits attributable to the equity holders of National Central Cooling Company (Tabreed) increased by 4% to AED 233.499 million during the first half (H1) of 2021 from AED 224.298 million in the same period of 2020, as …

Dubai – Mubasher: The board of National Central Cooling Company (Tabreed) has appointed Khalid Al Marzouqi as the company’s new CEO to replace Bader Al Lamki. Al Marzouqi has joined Tabreed from Dolphin Energy Limited where he occupied the …

Dubai – Mubasher: The unaudited interim consolidated financials of Amanat Holdings registered a 449.4% rise in net profits to AED 31.514 million in the first quarter (Q1) of 2021, compared to AED 5.736 million in the same quarter of 2020. The …

Dubai – Mubasher: The net profits attributable to the equity holders of National Central Cooling Company (Tabreed) rose by 4% to AED 85.536 million in the first quarter (Q1) of 2021, compared to AED 82.217 million in the corresponding quarter of …

Dubai –Mubasher: Healthcare and education investment company Amanat Holdings sold its 21.7% stake in Taaleem Holdings in an AED 350 million transaction to an undisclosed strategic buyer, according to a bourse filing on Thursday. Amanat has …

Dubai – Mubasher: The ordinary general meeting (OGM) of National Central Cooling Company (Tabreed) has approved a cash dividend distribution of 5.75 fils per share for 2020. During their meeting, the shareholders have agreed on issuing bonus …