Tabreed approves 5% dividend

The Annual General Assembly of National Central Cooling Company (Tabreed), an Abu Dhabi-based district cooling utility infrastructure company, on Monday approved a dividend distribution of 5 fils per share.

Shareholders also voted to approve all resolutions tabled at the meeting including the appointment of Tabreed’s Board of Directors who will represent the company for the next three years.

Current Board members Waleed Ahmed Al Mokarrab Al Muhairi, Khaled Abdulla Al Qubaisi, Ibrahim Ahmed Al Ansaari, Ahmed Yahia Al Idrissi, Ali Saeed Al Badi Al Dhaheri, Abdul Raouf Al Bitar, and Khaled Saleh Al Rashedi were all re-elected to Tabreed’s Board.

Shareholders also elected two new members: Fahad Saeed Mohamed Al Raqbani and Mohammed Al Huraimel Al Shamsi, returning Tabreed’s Board of Directors to its original composition of nine members.