Public Investment Fund takes 30% stake in district cooling provider Saudi Tabreed     

RIYADH: Saudi Arabia’s Public Investment Fund has taken a 30 percent stake in the Saudi Tabreed, a subsidiary of the UAE-listed National Central Cooling Co., known as Tabreed, through a private placement of shares, according to a bourse filing in Dubai.  

In a separate regulatory filing to the Dubai Financial Market, where Tabreed shares are traded, the district cooling provider said it has also entered into an acquisition deal of additional shares in Saudi Tabreed from Al Mutlaq Group for Industrial Investments for the value of SR55 million ($14.62 million).