National Central Cooling Company, known as Tabreed, returned to the Islamic finance market with an AED1.8 billion equivalent dual-tranche syndicated term facility that underscores the utility’s growing focus on sustainable infrastructure.
Structured entirely under Shariah principles, the financing combines dirham and US-dollar legs, giving the borrower flexibility to match operating cash flows in the UAE with foreign-currency obligations tied to its expanding overseas portfolio.
The transaction is split into two tranches tailored to Tabreed’s immediate strategic priorities.
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