Tabreed Appoints New Chief Financial Officer

Published: 10 March 2020 - 11:43 a.m.
By: Baset Asaba

The National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based international district cooling developer, today announced the appointment of Mr. Adel Salem Al Wahedi as the new Chief Financial Officer (CFO) of Tabreed.

Mr Al Wahedi brings a wealth of 22 years of experience to the company in the fields of corporate finance, mergers and acquisitions, statutory accounting, budgeting, planning, costing and strategic decision making. Al Wahedi has a proven track record as a business leader in both private and public companies in the region.

Prior to joining Tabreed, he served as CFO for some of the largest entities in the UAE including Abu Dhabi Ports Company and Petrofac Emirates, in addition to holding senior positions at Emirates Telecommunications Corporation (Etisalat). Al Wahedi also has considerable experience working in companies that have highly technical operations at their core.

Commenting on the appointment, Bader Al Lamki, Tabreed’s Chief Executive Officer, said: “We are delighted to have Adel join Tabreed and be part of our vision and our continued success. We are certain that his experience will be an invaluable addition to Tabreed and make an immediate impact to continue to drive the business forward. This appointment will also enhance the expertise and experience of our management team and invigorate our overall financial strategy as Tabreed navigates through a period of sustained growth and expansion.”

Mr Al Wahedi’s appointment will take place with immediate effect.

With over 22 years of operational excellence, Tabreed is the partner of choice for organizations interested in benefiting from environmentally friendly district cooling solutions that support the region’s energy sustainability strategy.

With 80 district cooling plants across the region, Tabreed currently delivers over 1.18 million refrigeration tons to key developments, including iconic infrastructure projects such as Sheikh Zayed Grand Mosque, Abu Dhabi’s Al Maryah Island, Yas Island, Dubai Metro, Dubai Parks and Resorts, Bahrain Financial Harbour in Manama, Kingdom of Bahrain and the Jabal Omar Development in the Holy City of Mecca, Kingdom of Saudi Arabia.

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