The National Central Cooling Company, also known as Tabreed, appointed Khalid Al Marzouqi as its new chief executive.
Mr Al Marzouqi joins Tabreed from Dolphin Energy where he worked as chief operating officer of its downstream division, according to a statement from the company on Monday. He has more than 25 years of experience in the energy industry and holds qualifications in chemical engineering and petroleum engineering.
“Khalid Al Marzouqi joins Tabreed at the beginning of an exciting new chapter for the company and brings with him a wealth of experience in the energy sector, where he has worked at the most senior levels,” Khaled Al Qubaisi, chairman of Tabreed, said.
Tabreed, in which French utility Engie and Mubadala Investment Company own significant stakes, currently operates 86 district cooling plants, delivering more than 1.4 million refrigeration tonnes of cooling to districts in the UAE and across the GCC.
Earlier this month, Tabreed, reported a 4 per cent increase in net profit for the first quarter of 2021 to Dh85.5 million ($23.2m), as sales were boosted by recent additions to its portfolio.
“Khalid’s considerable expertise will help drive us towards achieving ever more impressive results," Mr Al Qubaisi said.
Prior to joining Dolphin Energy – a joint venture between Abu Dhabi's Mubadala Investment Company and US-based Occidental Petroleum – Mr Al Marzouqi occupied senior roles at Abu Dhabi Water and Electricity Authority and the emirate's Department of Transport.
Mr Al Marzouqi is replacing Bader Al Lamki, who had been chief executive of the company for two years.
"The board sincerely thanks Bader Al Lamki for his steadfast belief in this company and his unwavering commitment meant that his time here was impactful for all the right reasons. Tabreed is bigger and more profitable than ever, delivering a 24 per cent increase in consolidated connected capacity, ensuring a 20 per cent increase in revenues," Mr Al Qubaisi said.
He also highlighted Mr Al Lamki's "pivotal" role in the company's Dh2.48 billion acquisition of an 80 per cent stake in the Downtown Dubai district cooling network from Emaar Properties in April last year. Tabreed also bought two district cooling plants on Saadiyat Island in Abu Dhabi for Dh963m from Aldar Properties in December.
The company is now targeting growth in countries with high-density populations such as Egypt, India and Saudi Arabia.
US PGA Championship in numbers
1 Joost Luiten produced a memorable hole in one at the par-three fourth in the first round.
2 To date, the only two players to win the PGA Championship after winning the week before are Rory McIlroy (2014 WGC-Bridgestone Invitational) and Tiger Woods (2007, WGC-Bridgestone Invitational). Hideki Matsuyama or Chris Stroud could have made it three.
3 Number of seasons without a major for McIlroy, who finished in a tie for 22nd.
4 Louis Oosthuizen has now finished second in all four of the game's major championships.
5 In the fifth hole of the final round, McIlroy holed his longest putt of the week - from 16ft 8in - for birdie.
6 For the sixth successive year, play was disrupted by bad weather with a delay of one hour and 43 minutes on Friday.
7 Seven under par (64) was the best round of the week, shot by Matsuyama and Francesco Molinari on Day 2.
8 Number of shots taken by Jason Day on the 18th hole in round three after a risky recovery shot backfired.
9 Jon Rahm's age in months the last time Phil Mickelson missed the cut in the US PGA, in 1995.
10 Jimmy Walker's opening round as defending champion was a 10-over-par 81.
11 The par-four 11th coincidentally ranked as the 11th hardest hole overall with a scoring average of 4.192.
12 Paul Casey was a combined 12 under par for his first round in this year's majors.
13 The average world ranking of the last 13 PGA winners before this week was 25. Kevin Kisner began the week ranked 25th.
14 The world ranking of Justin Thomas before his victory.
15 Of the top 15 players after 54 holes, only Oosthuizen had previously won a major.
16 The par-four 16th marks the start of Quail Hollow's so-called "Green Mile" of finishing holes, some of the toughest in golf.
17 The first round scoring average of the last 17 major champions was 67.2. Kisner and Thorbjorn Olesen shot 67 on day one at Quail Hollow.
18 For the first time in 18 majors, the eventual winner was over par after round one (Thomas shot 73).
ENGLAND SQUAD
Goalkeepers: Jack Butland, Jordan Pickford, Nick Pope
Defenders: John Stones, Harry Maguire, Phil Jones, Kyle Walker, Kieran Trippier, Gary Cahill, Ashley Young, Danny Rose, Trent Alexander-Arnold
Midfielders: Eric Dier, Jordan Henderson, Dele Alli, Jesse Lingard, Raheem Sterling, Ruben Loftus-Cheek, Fabian Delph
Forwards: Harry Kane, Jamie Vardy, Marcus Rashford, Danny Welbeck
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The specs: 2017 Ford F-150 Raptor
Price, base / as tested Dh220,000 / Dh320,000
Engine 3.5L V6
Transmission 10-speed automatic
Power 421hp @ 6,000rpm
Torque 678Nm @ 3,750rpm
Fuel economy, combined 14.1L / 100km
SPECS
Toyota land Cruiser 2020 5.7L VXR
Engine: 5.7-litre V8
Transmission: eight-speed automatic
Power: 362hp
Torque: 530Nm
Price: Dh329,000 (base model 4.0L EXR Dh215,900)
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
%E2%80%98FSO%20Safer%E2%80%99%20-%20a%20ticking%20bomb
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MATCH INFO
Uefa Champions League last 16, second leg
Liverpool (0) v Atletico Madrid (1)
Venue: Anfield
Kick-off: Thursday, March 12, midnight
Live: On beIN Sports HD
UAE currency: the story behind the money in your pockets
