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Abu Dhabi's Tabreed Seeks Assets From Gulf to Egypt, CEO Says

  • Company can target deals totalling about $1 billion in value
  • Tabreed plans to use project financing to fund purchases
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Tabreed CEO Calls Fundamentals Strong, Growth Sustainable

National Central Cooling Co. plans to acquire assets in markets like Saudi Arabia and Egypt starting this year as the Abu Dhabi-based company seeks to expand.

“We’re always keen on acquisitions, and Saudi Arabia is also a potential market we’re looking at,” Chief Executive Officer Jasim Hussain Thabet said in a Bloomberg TV interview. “We’d potentially be looking at markets in North Africa and India.”