The National Central Cooling Company (Tabreed) convened its annual general assembly. In light of the strong financial and operational performance achieved in 2025, shareholders approved a cash dividend distribution for the second half of 2025 amounting to 6.5 fils per share, fully payable in cash. This brings the total dividend for the year to 13.0 fils per share, reflecting a nearly 5.0% yield based on the stock’s closing price on March 25, 2026.
These distributions demonstrate Tabreed’s commitment to delivering attractive returns to its shareholders while continuing to invest in high-quality long-term opportunities. Despite significant investments in mergers and acquisitions throughout 2025, the company’s dividend distribution ratio rose to approximately 79% of net profits, consistent with its strong track record.
During the general assembly, shareholders elected members of the board of directors for a three-year term in accordance with the regulations of the Capital Market Authority. All nine current board members were re-elected and endorsed.
The meeting was chaired by Dr. Bakhit AlKutbi, Chairman of Tabreed, who stated in his remarks following the assembly that the company has undergone significant transformations over the past few years, successfully transitioning from a traditional utility service provider to a leading infrastructure company characterized by flexibility, innovation, and readiness for future demands. He added that, thanks to its long-term contracts, solid customer base, and strong financial position, Tabreed has established itself as one of the most trusted investment companies in the regional infrastructure sector.
Dr. AlKutbi further noted, “In 2025, Tabreed delivered strong operational performance while continuing to advance its long-term growth strategy, with our core business maintaining its usual momentum due to stable operations, favorable profit margins, and high asset readiness.” He also mentioned that the company’s connected cooling capacity reached 1.57 million tons in 2025, representing a 19% year-on-year increase due to organic growth and successful mergers and acquisitions. Excluding the impact of M&A activities, operational capacity growth was 4.4% year-over-year, nearing the upper limit of the company’s guidance range.
In concluding his statement, he emphasized, “Tabreed has a robust balance sheet, and maintaining our credit rating in the investment category is a top priority for us. Our clear and ambitious growth plans instill great confidence in our future and reflect our steadfast commitment to creating sustainable value for our shareholders, consistent with our disciplined and balanced strategy focused on delivering valuable returns today while enhancing the company’s position for the future.