A Strategic Fit for Tabreed’s Vision
Tabreed, best known for chilling some of the Gulf’s most iconic landmarks — including the Dubai Mall and Burj Khalifa, the tallest building in the world — sees the acquisition as a natural extension of its strategic trajectory.
“This aligns perfectly with our readiness to support Abu Dhabi’s ambitious development plans,” said Tabreed Chair Bakheet Al Katheeri. “It positions us to meet the UAE’s rising demand for sustainable cooling, fueled by population growth and aggressive decarbonization targets.”
Legal Teams Behind the Ice-Cold Deal
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Clifford Chance LLP represented Multiply Group PJSC, listed on the Abu Dhabi stock exchange.
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White & Case LLP served as legal adviser to both CVC DIF and Tabreed, the latter of which trades on the Dubai Financial Market.
The transaction timeline remains under wraps, pending regulatory approvals not yet specified by the companies. However, all parties express strong confidence in its ultimate success.
