Tabreed appoints Arqaam Securities as liquidity provider
ABU DHABI, UAE, 22 October 2025: Tabreed appointed financial institution, Arqaam Securities, as liquidity provider for its shares listed on Dubai Financial Market (DFM). Making the announcement through a Press Release, Tabreed said the initiative is part of its ongoing efforts aimed at strengthening the trading dynamics of the company’s shares by improving liquidity and creating accessible market for investors.
As per the terms of the agreement, which will last for 12 months, Arqaam Securities is to commence liquidity provisioning on Tabreed shares by entering two-way quotes into the market trading system, all within set parameters and in full compliance with regulations and controls set by DFM and the UAE Securities and Commodities Authority (SCA), Tabreed said in the Press Release. This mechanism helps narrow the bid-ask spread, reduce volatility and enhance investor confidence, the District Cooling utility provider said. All relevant approvals, it added, have been granted, and the service is set to commence on October 22, 2025.
At no time during the mandate will Arqaam Securities’ ownership of Tabreed shares exceed five per cent of the total outstanding shares, Tabreed said, adding that the company has free float shares of 18.1% and is 100% open to foreign investment, with Mubadala and ENGIE as its two strategic shareholders. Tabreed said its appointment of such a licensed liquidity provider is a clear demonstration of its interest in ensuring smoother trading experience for investors and supporting a more stable and liquid market environment.
Commenting on the appointment, Khalid Al Marzooqi, CEO, Tabreed, said: “This appointment is first and foremost about our shareholders. With Arqaam as our Liquidity Provider on DFM, we aim to enhance access to Tabreed’s shares, giving investors greater flexibility in dynamic markets and reinforcing our focus on sustainable, long-term value creation.”
Veselin Tilev, Head of Market Making, Arqaam, added: We are delighted to offer our Liquidity Provision services on the Dubai Financial Market to Tabreed, reinforcing our commitment to enhancing market depth and trading efficiency in the UAE. With our proven track record and deep understanding of local market dynamics, we are confident that Arqaam will contribute meaningfully to improving liquidity and facilitating active, orderly trading in Tabreed’s shares on the DFM.
Tabreed said that in the first half of 2025, it delivered steady growth, with revenue rising to AED 1.11 billion and net profit reaching AED 276 million, supported by higher cooling demand and record capacity additions that lifted total connected capacity to 1.37 million RT. Since then, the company said, it has completed two landmark transactions, taking total connected capacity to approximately 1.55 million RT and accelerating its strategy: Acquiring PAL Cooling alongside CVC DIF and securing the long-term Palm Jebel Ali District Cooling concession, in partnership with Dubai Holding Investments. Together, these transactions expand the platform and reinforce concession-backed cash flows and long-term earnings visibility, Tabreed said.
Following that performance, its shareholders approved the first-ever interim dividend of 6.5 fils per share on September 15, 2025, totaling AED 184.9 million for the first half of 2025, Tabreed said. The approval, the company added, signals confidence in its momentum and its commitment to delivering sustainable returns to shareholders.