Dubai-listed district cooling firm Tabreed's Omani subsidiary has signed a deal with Al Mouj Muscat SAOC to acquire the district cooling plants and associated assets serving the Al Mouj Mixed Use Development in Muscat for 65.40 million ($17.8 million).
The company also signed a long-term concession agreement between Al Mouj Muscat SAOC and Tabreed Al Mouj SPC, a wholly owned subsidiary of Tabreed Oman SAOC, which in turn is 60.54 percent owned by Tabreed, the district cooling firm said in a bourse filing on Dubai Financial Market on Monday.
The biggest shareholders in Tabreed are Abu Dhabi state fund Mubadala Investment Company and France's Engie SA.
(Reporting by Brinda Darasha; editing by Seban Scaria)
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