The National Central Cooling Company (Tabreed) announced that its shareholders approved, during the general assembly meeting yesterday, the distribution of semi-annual dividends amounting to 6.5 fils per share, equivalent to 184.9 million dirhams for the first half of 2025.
This decision marks Tabreed’s first interim dividend distribution in its 27-year history, reflecting the company’s exceptional performance during the first half of the year. Revenues increased by 3% year-on-year, reaching 1.11 billion dirhams, while net profits totaled 276 million dirhams, bolstered by a robust demand for cooling services and significant growth in capacity within key markets.
Operational Capacity
Throughout the first half of 2025, Tabreed has continued to achieve growth, with its total operational capacity rising to 1.37 million refrigeration tons. This increase includes a record addition of 41.6 thousand refrigeration tons, nearly double the capacity added during the entirety of 2024.
Strong contributions from the UAE and Saudi Arabian markets reaffirm the company’s position as a regional operator and pave the way for the next stage of growth.
Business Expansion
Dr. Bakhit Al Mutairi, Chairman of Tabreed, stated that the company is building upon its strong foundation, combining its record results from the first half with strategic achievements that have enhanced its business expansion.
He noted that the shareholders’ approval of the first interim dividends in the company’s history not only highlights the strength of these results and achievements but also reaffirms Tabreed’s commitment to delivering substantial returns for its shareholders, supported by a belief in its ability to generate long-term sustainable value.