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Tabreed shareholders elect four new directors to board

Move follows successful completion of Engie investment in cooling company

Gulf News

Abu Dhabi: National Central Cooling Company (Tabreed) on Tuesday announced the election of four new members to the company’s board.

The election of the four members was made by the company’s shareholders at a general assembly meeting held on Monday in Abu Dhabi to fill all board positions that became vacant on August 10 this year, according to a statement from the company.

The General Assembly, which was chaired by Khaled Abdullah Al Qubaisi, Tabreed’s chairman, and attended by Tabreed’s board of directors and shareholders, follows the successful completion of the investment by Engie, the global energy company, to acquire 40 per cent of the shares in Tabreed. The deal is valued at Dh2.8 billion.

The four new directors, who are all senior executives at Engie, are Paulo Almirante, executive vice-president at the Engie Group, Sebastien Arbola, CEO, Engie Middle East, South & Central Asia and Turkey; Frederique Dufresnoy, deputy director Metier Business to Territories, and Frederic Claux, head of acquisitions, investments and financial advisory.

“We are pleased to welcome to Tabreed’s Board four new members who are seasoned senior executives. Their wealth of experience and diversified expertise in both emerging and established markets will add significant value to the board and support Tabreed in delivering on its ambitious vision,” Al Qubaisi said.

With 72 district cooling plants located throughout the region, Tabreed currently delivers over 1 million refrigeration tons to some of the biggest projects in the region such as as Abu Dhabi’s Al Maryah Island, Yas Island, Shaikh Zayed Grand Mosque, Dubai Metro, Dubai Parks and Resorts, and the Jabal Omar Development in Makkah, Saudi Arabia.

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