Tabreed inducts four new board members

UAE-based district cooling utility Tabreed has inducted four senior executives at Engie, a leading global energy group, into the company’s board of directors. The election of the four members was done by the company’s shareholders at a general assembly held yesterday (September 11) in Abu Dhabi under the chairmanship of Khaled Abdulla Al Qubaisi. This was the first major meeting of Tabreed's board members and shareholders following the acquisition of a 40 per cent stake in the company by Engie. The new members are Paulo Almirante, the executive vice-president, Engie Group; Sebastien Arbola, the chief executive of Engie (Middle East, South and Central Asia and Turkey), Frederique Dufresnoy, deputy director (Metier Business to Territories) and Frederic Claux, the head of acquisitions, investments and financial advisory. With this move, all board positions, which fell vacant last month, have been filled. Commenting on the announcement, Al Qubaisi said: "We are pleased to welcome to Tabreed’s board four new members who are seasoned senior executives. Their wealth of experience and diversified expertise in both emerging and established markets will add significant value to the Board and support Tabreed in delivering on its ambitious vision." Tabreed is a partner of choice for organisations across the GCC in providing eco-friendly district cooling solutions, stated the top official. With 72 district cooling plants located throughout the region, Tabreed currently delivers over one million refrigeration tonnes (RT), to key developments in the region. These include iconic infrastructure projects such as Abu Dhabi’s Al Maryah Island, Yas Island, Sheikh Zayed Grand Mosque, Dubai Metro, Dubai Parks and Resorts, and the Jabal Omar Development in Makkah, Saudi Arabia.