Saudi Tabreed District Cooling Company
Mohammed Albalaihed, CFA, currently serves as the Head of Energy and Utilities - MENA Investments at the Public Investment Fund (PIF) since July 2016. In addition to this role, Mohammed holds multiple board positions including Vice Chairman at Saudi Tabreed District Cooling Company and National Energy Services Company (Tarshid), and Board Member at Saudi Electricity Company, National Industrial Development Center, and Saudi Investment Recycling Company (SIRC). Previously, Mohammed was Vice Chairman at the Jada Fund of Funds and Saudi Jordanian Investment Fund Co. (PSC), and served as a Board Member at Virgin Mobile KSA and TAQA. Mohammed obtained an MBA from London Business School in 2019 and a BSc in Finance from Prince Sultan University in 2009.
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Saudi Tabreed District Cooling Company
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Saudi Tabreed is a pioneering District Cooling Service Provider (DCSP) that develops sustainable District Cooling Schemes for some of the most important urban mega-development projects in the Kingdom of Saudi Arabia and across the Gulf region. Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) has recently acquired a 30% in the company, further strengthening its credibility and financial position to take up even more mega project in the Kingdom. One such project includes an MoU to establish a local trading platform for Carbon Credits, where Saudi Tabreed will be supplying a total of 1,100,000 carbon credits in the next 20 years. Through the provision of the latest eco-friendly cooling and conditioning systems, Saudi Tabreed is supporting the transformation of innovative urban development while reducing carbon emissions, optimizing energy consumption, and preserving the environment in accordance with the UNSDG’s and the Kingdom’s Vision 2030.