UAE district cooler Tarbeed’s net profit up 60.6% at Dh386.4 million in H1-2023

UAE district cooler Tarbeed’s net profit up 60.6% at Dh386.4 million in H1-2023

New projects take company’s total connected capacity to 1.3 million RT























International expansion continues into second half of the year as Tabreed begins commercial operations in India.

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Dubai: UAE district cooling company Tabreed reported a 60.7 per cent increase in half-yearly net profit until June at Dh386.4 million, it said in a stock market filing on Friday.



In the first-half of the year, Tabreed’s revenue increased by 9.4 per cent to Dh1.06 billion, from Dh975.7 million in H1-2022. The company also reported healthy EBITDA at Dh590.1 million compared Dh589.3 million same period last year.









In May, Tabreed scored a major win with the successful acquisition of cooling infrastructure serving Intellion Park in Gurugram, India with the grant of a long term concession.







The addition of new capacity across the GCC and the launch of our first cooling services in India is not only supplying our growing international customer base with efficient and reliable cooling, but also having a significant impact on preventing carbon emissions.





- Khaled Abdulla Al Qubaisi, Tabreed’s Chairman







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