ArabFinance: UAE-based National Central Cooling Company (Tabreed) considers Egypt a top priority market for its coming expansion plans, Al Arabiya cited CEO Bader Al Lamki on January 3rd.

The Egyptian market has the proper investment environment and demographics for Tabreed to expand its business, the CEO elaborated.

The UAE firm recently opened an office in India, targeting densely populated countries, according to the official.

Tabreed mulls exploring opportunities in Saudi Arabia as well, Al Lamki added.

The Emirati company raised $500 million (EGP 7.86 billion) last October, with a seven-year, 2.5% coupon bond issuance.

*At press time, the conversion rate is $1 = EGP 15.73

Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.