Tabreed, a leading district cooling company, has announced the successful raising of AED1.8 billion ($490.13 million) new bank debt to support its strategic growth initiatives and optimise its capital structure.
The new loan is part of Tabreed’s plans to finance the company’s capital needs and diversify its funding sources, including funding investment and growth requirements, said a Wam news agency report.
The AED1.8 billion loan has a tenor of six years and is financed by Emirates NBD and Mashreq. The facility is fully Shariah-compliant and is structured as a dual-tranche (AED/USD), reflecting Tabreed’s commitment to inclusive financing and alignment with regional investor preferences.
Notably, AED1 billion of the facility has been structured as green financing, underscoring the company’s dedication to sustainability and environmental stewardship.
Khalid Al Marzooqi, Chief Executive Officer of Tabreed, said: “This successful financing is a testament to the strength of our business model and the trust we have built with our banking partners. It enables us to pursue strategic investments that accelerate our expansion and drive long-term value, while reinforcing our commitment to responsible and sustainable financial practices.”
“Shariah-compliant financing is a key pillar of our capital strategy, reflecting our commitment to financial inclusion and alignment with the values of our stakeholders,” said Adel Al Wahedi, Tabreed’s Chief Financial Officer.
The company remains focused on maintaining robust liquidity and prudent leverage, ensuring its capital structure supports both near-term execution and long-term value creation.
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