Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Tabreed Rises to Highest Since February After Recapitalization

April 3 (Bloomberg) -- National Central Cooling Co. rose to the highest level since February after the company also known as Tabreed completed a recapitalization program.

The shares climbed 1.8 percent to 1.16 dirhams at the 2 p.m. close in Dubai, the highest level since Feb. 23. They have lost 31 percent this year.

Tabreed said April 1 it refinanced 2.63 billion dirhams ($716 million) of debt and obtained as much as 3.1 billion dirhams of long-term capital from state-owned Mubadala Development Co.

To contact the reporter on this story: Alaa Shahine in Dubai at

To contact the editor responsible for this story: Claudia Maedler at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.