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Tabreed and CVC DIF Form a Partnership to Acquire PAL Cooling from Multiply Group
Jun 30, 2025•12 months ago
Contract Type
partnership
Abu DhabiEnergyRenewable Energy
Description
Tabreed and CVC DIF have partnered to acquire PAL Cooling Holding for approximately AED 3.8 billion. This partnership includes several long-term concessions in Abu Dhabi, enhancing their presence in the district cooling market.
Company Information
Company
Tabreed
Location
Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates
About
Tabreed is a leading district cooling company based in Dubai that provides energy-efficient cooling solutions. Founded in 1998, it serves various real estate developments across the UAE and is committed to sustainable practices. Tabreed strives to meet the growing demand for cooling in urban developments. The company is publicly listed and is a key player in the region's energy infrastructure.
Abu DhabiEnergyRenewable Energy