"refrigeration" The distribution of cash dividends of 441 million dirhams for 2024
Abu Dhabi, March 26/ WAM/ The National Central Ref Tarker Company announced the approval of its shareholders during its general assembly meeting, yesterday, to distribute profits with a total value of 441 million dirhams, at 15.5 fils per share, which is completely distributed.
During the past five years, “cooling” has achieved total returns for shareholders of 96%, by increasing the share price and profit distributions, and in 2024, the company recorded record revenues and an increase of 32% in net profits after taxes.
The annual General Assembly was chaired by Dr. Bakhit Al -Kathiri, Chairman of the Board of Directors of the company.
Dr. Bakhit Al -Katheeri said that “cooling” provided a strong and strong performance throughout the year 2024, benefiting from the recent wise investments and the studied approach in developing and expanding business, and it is one of the most stable companies in the UAE, as it provides excellent returns to its investors annually, and the profit distributions of 2024 were not exception to this success.
And it began cooling in 2025 with great momentum, as it raised 700 million dollars through its first version of its green sukuk, for a period of five years, and concluded a concession agreement to establish a new joint venture with the “Dubai Holding Company for Investments”, to provide sustainable cooling for the island of “Nakhla Jabal Ali”, one of the most prominent real estate projects in the Emirates.
Today, “cooling” has a stronger public budget than ever, and there are many promising opportunities that wave on the horizon, making it a safe option for current and future investors.
During the year 2024, “cooling” completed the construction of two new stations and added 23,576 tons of cooling from the new connections at the level of its wallets in the Emirates, Saudi Arabia, Sultanate of Oman, Egypt, and India.
It also saw “cooling” growth in consumption sizes during the year 2024, by 5% to 2.66 billion tons per hour.
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