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Tabreed plans to enter new markets in Middle East – CEO

Tabreed plans to enter new markets in Middle East – CEO
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Tabreed
TABREED
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Dubai – Mubasher: The National Central Cooling Company (Tabreed) seeks to invest in new markets in the Middle East, including Egypt and Kuwait, in the coming period, Tabreed’s CEO, Bader Al Lamki, told CNBC Arabia.

Al Lamki added that the company had issued $500 million sukuk by the end of 2018, as it has various funding options.

It is noteworthy to mention that Tabreed logged 11% year-on-year increase in net profits to AED 472.5 million during fiscal year 2019, compared to AED 427.6 million in 2018.