Tabreed, the world's leading district cooling company, has promoted Atef Mohamed Awadh AlBreiki to the role of Chief Asset Management Officer with immediate effect, the company announced on 4 June 2026. AlBreiki transitions from his position as Executive Vice President of Operations and Maintenance, a role in which he oversaw more than 500 employees and led the company's operational transformation across its extensive asset portfolio spanning the Gulf Cooperation Council and Egypt.
The appointment, confirmed by Tabreed's Board of Directors, underscores the company's strategy of promoting internal talent during a period of significant portfolio expansion. Chairman Dr Bakheet Al Katheeri remarked that AlBreiki "has proved time and again to be an exceptional and inspirational leader" during his eight years at the company, noting his track record of developing operational strategies that have given Tabreed "its competitive edge in recent years." The promotion comes as Tabreed navigates a transformational phase marked by major acquisitions, including the acquisition of PAL Cooling and a joint venture for the Palm Jebel Ali concession, which collectively expand the company's district cooling capacity substantially.
AlBreiki brings more than two decades of experience in strategic operations across government-linked enterprises in the UAE energy and infrastructure sectors. Prior to Tabreed, he spent 10 years at Abu Dhabi Distribution Company (ADDC), where he headed distribution maintenance operations managing over 9,500 electricity distribution asset locations valued at more than USD 1.2 billion. His educational credentials include a Master of Business Administration from London Business School and a bachelor's degree in Electronics Engineering Technology. He has attended executive development programmes at Wharton University and Singularity University in Silicon Valley, California.
Tabreed, headquartered in Abu Dhabi and listed on the Dubai Financial Market, operates 80 district cooling plants across the GCC, Egypt and beyond, serving landmark developments including the Burj Khalifa, Dubai Mall and Dubai Opera. The company reported revenues of AED 2.46 billion in 2025 with record capacity expansion of 19 percent year-on-year to 1.57 million Refrigeration Tons. The company generated EBITDA of AED 1.27 billion with a margin of 51.6 percent, reflecting its market dominance in providing centralised cooling infrastructure to residential, commercial and government developments.
AlBreiki's promotion indicates Tabreed's confidence in developing executives from within while managing the technical demands of rapidly expanding asset operations across multiple jurisdictions. The role of Chief Asset Management Officer, created in late 2022, focuses on maximising value creation through portfolio management and value-driven decision-making. The appointment appears timed to support the integration of recent acquisitions while maintaining operational continuity under interim CEO Dr Yousif Al Hammadi, who assumed the chief executive position following the retirement of longtime CEO Khalid Al Marzooqi in November 2025. The promotion reflects a broader staffing transition within Tabreed's senior leadership as the company pursues its long-term expansion objectives across the GCC and internationally.
