Tabreed targets loan for regional expansion

The UAE-based district cooling firm Tabreed is looking to set up a US $272 million (AED 998 million) syndicated loan to help finance its regional expansion programme.

The UAE-based district cooling firm Tabreed is looking to set up a US $272 million (AED 998 million) syndicated loan to help finance its regional expansion programme.

The company has plans to build plants in Saudi Arabia, Kuwait and Oman and will invest up to $7 billion over the next five years to keep pace with the ongoing real estate boom and population explosion.

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