UAE’s Tabreed appoints former Masdar exec as CEO

UAE-based National Central Cooling Company (Tabreed) has appointed Bader Saeed Al Lamki as its new CEO, effective April 21, it announced on Thursday.

Al Lamki joins from Abu Dhabi’s Masdar, where he was the executive director of the Clean Energy Directorate. He also previously worked with ADMA-OPCO and with French energy operator Total.

He replaces Jasim Husain Thabet, who joined as the first Emirati CEO of Tabreed in August 2012.

During Thabet’s six-year tenure, the Dubai-listed company’s annual net income grew from approximately Dhs202.3m to Dhs427.6m.

He also played a major role in the strategic acquisition by Engie of 40 per cent of Tabreed and most recently, he led Tabreed’s first foray outside of the GCC market with the signing a 30-year concession for a contracted cooling capacity of 20,000 RT in Amaravati, India, a statement said.

The reason for his departure was not revealed.

Khaled Al Qubaisi, chairman of Tabreed, said Bader Al Lamki will lead the company during the next stage of its growth strategy and further drive its operating and financial performance.

“His considerable industry knowledge will be invaluable to us as we continue our expansion and seek to further efficiency gains and achieve our full growth potential.”

Founded in 1998, Tabreed delivers over 1.1 million refrigeration tonnes of district cooling to major residential, commercial, government and private projects.

Its owns and operates 74 plants in its portfolio across the GCC, including 63 plants in the UAE, two in Saudi Arabia, four in Oman, one in Bahrain and others in the region.