National Central Cooling Company (Tabreed), a leading UAE-based district cooling developer, said it has appointed Adel Salem Al Wahedi as the new chief financial officer.
Al Wahedi brings a wealth of 22 years of experience to the company in the fields of corporate finance, mergers and acquisitions, statutory accounting, budgeting, planning, costing and strategic decision making, according to Tabreed.
He has a proven track record as a business leader in both private and public companies in the region.
Prior to joining Tabreed, he served as CFO for some of the largest entities in the UAE including Abu Dhabi Ports Company and Petrofac Emirates, in addition to holding senior positions at Emirates Telecommunications Corporation (Etisalat), said the company in its statement.
Al Wahedi also has considerable experience working in companies that have highly technical operations at their core, it added.
Lauding the appointment, CEO Bader Al Lamki said: "We are delighted to have Adel join Tabreed and be part of our vision and our continued success. We are certain that his experience will be an invaluable addition to Tabreed and make an immediate impact to continue to drive the business forward."
"This appointment will also enhance the expertise and experience of our management team and invigorate our overall financial strategy as Tabreed navigates through a period of sustained growth and expansion," he added.
With 80 district cooling plants across the GCC region, Tabreed currently delivers over 1.18 million refrigeration tonnes to iconic projects including Sheikh Zayed Grand Mosque, Yas Island, Dubai Metro, Bahrain Financial Harbour and the Jabal Omar Development in Makkah, Saudi Arabia.