Energy, Oil & Gas

Arab Energy Fund, SOFAZ invest in PAL Cooling

The Arab Energy Fund and The State Oil Fund of the Republic of Azerbaijan (SOFAZ) have agreed to partner with CVC DIF to invest in a co-investment vehicle that invests alongside DIF VII, which recently acquired a 50 per cent stake in PAL Cooling Holding (PAL), a principal district cooling operator in UAE....

Energy, Oil & Gas

Tabreed completes acquisitions of PAL Cooling, Palm Jebel Ali concession

Tabreed has completed two significant infrastructure transactions to boost growth and strengthen its business model. It acquired PAL Cooling Holding from Multiply Group with CVC DIF and finalised a concession agreement with Dubai Holding Investments for district cooling services at Palm Jebel Ali in Dubai. ...