Dubai: National Central Cooling Company PJSC (Tabreed), a leading district cooling company, announced yesterday that it has repaid in full its Sukuk 06.
The repayment follows the completion of the company's recapitalisation programme on April 1, 2011.
The total amount paid yesterday to certificate holders of the Sukuk 06 is Dh735 million.
Waleed Al Mokarrab Al Muhairi, Chairman of Tabreed, said: "The strong capital structure that was put in place with the recapitalisation programme underpins Tabreed's long-term growth potential. The repayment of the Sukuk 06 was contemplated in our structuring of the recapitalisation programme and improves the company's overall financial position."
The Sukuk 06 was launched in July 2006 and matured yesterday.
