Tabreed acquires 50% stake in Reem Island district cooling plant for Dh348M

Tabreed announced the acquisition of a 50% shareholding in S&T Cool District Cooling Company on Reem Island, Abu Dhabi, from Aldar Properties for Dh348 million, giving Tabreed 100% ownership. The plant has a connected capacity of over 31,500 RT.

“National Central Cooling Company (Tabreed), on Tuesday announced the acquisition from Aldar Properties of 50 per cent shareholding in S&T Cool District Cooling Company on Reem Island in Abu Dhabi for Dh348m.”gulfnews.com

• 1 source
• gulfnews.comTabreed acquires 50% of Reem Island district cooling plantMar 13, 2018

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