Tabreed wins Dh1bn contract


Published: Jul 10, 2014
Source: Emirates 24|7

News

Email this story Print this page zoomin zoomout

Tabreed wins Dh1bn contract

30-year contract involves buying the existing district cooling provider to Al Maryah Island

United Arab Emirates' Tabreed is heading a consortium that has acquired a concession to provide district cooling services in Abu Dhabi worth Dh1.05 billion ($285.9 million), the firm said on Thursday.

The 30-year contract involves buying the existing district cooling provider to Al Maryah Island in Abu Dhabi and will be funded through a combination of equity and a 20-year loan provided by First Gulf Bank, Tabreed said in a statement on Dubai's bourse - By Reuters. Read more>>>

 

© Copyright - Emirates 24|7
comments powered by Disqus

Middle East Stock Markets

Index Last Change %Change
TASI 7,425.72 +90.85 1.24%
ADI 4,431.57 -27.48 -0.62%
DFMGI 3,402.31 -15.99 -0.47%
QE 9,030.44 +252.71 2.88%
KSE 6,772.09 +7.08 0.10%
MSM30... 5,118.310 -3.160 -0.06%
ASE... 2,160.00 +10.78 0.50%

Recent Analyst Actions  >>

or
Company Price Opinion
Bank Muscat 0.52 Buy
Voltamp Energy Co. 0.52 Overweight
Jarir Marketing Co. 142.60 Overweight
Saudi Basic Industries Corp. 90.00 Neutral
Etihad Etisalat Co. 25.00 Neutral

Markets Today Quick Links

×

Get all the latest updates about the GCC & Global Markets directly to your email