This was the second major win for Tabreed since entering Egypt in February. Egypt has been rated a strategic priority for Tabreed alongside Saudi Arabia and India as it widens the base outside of the UAE.
“Tabreed continues to post record profits and a consistently strong balance-sheet, evidenced by Fitch’s updated rating outlook of ‘stable’ and affirmed at BBB,” said Khaled Abdulla Al Qubaisi, Tabreed’s Chairman. “Building on this momentum, both regionally and internationally, we will continue to establish new client relationships, engage in long term alliances and expand our portfolio, further solidifying our already stellar reputation for operational excellence.”
Tabreed is one of the few UAE listed companies to allow foreign ownership of up to 100 per cent – ‘a strategically important move that increases flexibility and ensures the best possible share marketability’.