According to the Emirates News Agency, the company explained in a statement that the increase in profits distributed to shareholders came as a result of the strong growth achieved by the company last year, which established its position locally, regionally and globally.
Khaled Abdullah Al Qubaisi, Chairman of Tabreed, said: During 2019, Tabreed achieved an increase in net profits by 11% and provided customers with a new cooling network, bringing the total speed produced by Tabreed stations to 1.182 million tons of cooling .. confirming that the company It continues to grow its customer base.
For his part, Badr Al-Lamki, CEO of Tabreed, explained: Tabreed's revenue increased by 5% to AED 1.52 billion, which clearly reflects the strength and flexibility of our business model, which gives us sufficient financial capacity to continue to adapt to market trends and enhance the efficiency of our operations and networks.
