Dubai – Mubasher: National Central Cooling Company (Tabreed) is considering several investment opportunities in the UAE, Egypt, Jordan, Saudi Arabia, India, the Chief Financial Officer (CFO) of Tabreed, Adel Salem Al Wahedi, told CNBC Arabia.

 Al Wahedi referred that the company is planning for more acquisitions, and will apply for banking loans if the company succeeds in fulfilling this objective.

Tabreed's CFO further remarked that the company will expand in Saadiyat Island by adding another cooling plant in the future alongside the two plants that are currently under implementation.

This expansion, for which $500 million bonds were issued in October, will have a financial impact of up to 5%.

It is noteworthy to mention that in 2020, the company's net profits amounted to AED 550.342 million in 2020, 16.5% higher than AED 472.479 million in 2019.