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Tabreed of Abu Dhabi Completes Recapitalization Program

National Central Cooling Co., the United Arab Emirates company known as Tabreed, said it completed a recapitalization program by refinancing 2.63 billion dirhams of bank debt and obtaining as much as 3.1 billion dirhams of long-term capital from Mubadala Development Co.

Tabreed is now focusing its efforts on future growth and expansion, the company said in an e-mailed statement.

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