Tabreed Cheers Stellar Year with Record Dividend Payout

Tabreed Cheers Stellar Year with Record Dividend Payout

Tabreed, the United Arab Emirates’ leading district cooling provider, culminated a banner year by securing shareholder approval for a record-breaking dividend payout for the 2023 fiscal year. The announcement, made during the company’s Annual General Assembly, signifies Tabreed’s robust financial performance and its commitment to rewarding its investors. This year’s dividend, set at 15.5 fils per share and distributed entirely in cash, marks a significant increase of […]

via Tabreed Cheers Stellar Year with Record Dividend Payout

Tabreed, the United Arab Emirates’ leading district cooling provider, culminated a banner year by securing shareholder approval for a record-breaking dividend payout for the 2023 fiscal year. The announcement, made during the company’s Annual General Assembly, signifies Tabreed’s robust financial performance and its commitment to rewarding its investors.

This year’s dividend, set at 15.5 fils per share and distributed entirely in cash, marks a significant increase of 15% compared to the previous year. The decision reflects Tabreed’s impressive financial trajectory in 2023, which saw a 9% uptick in revenue and a remarkable 25% growth in net profit before tax to parent.

Khaled Abdullah Al Qubaisi, Tabreed’s Chairman, hailed the company’s achievements and emphasized the growing prominence of district cooling solutions. “As global focus intensifies on rising cooling