Tabreed appoints Bader Saeed Al Lamki as new CEO

Tabreed appoints Bader Saeed Al Lamki as new CEO
Published: 23 April 2019 - 5:30 a.m.
By: Nikhil Pereira

The board of directors of the National Central Cooling Company PJSC (Tabreed) has appointed Bader Saeed Al Lamki as the company’s new chief executive officer, effective 21st April, 2019.

Al Lamki joins from Masdar, where he was the executive director of the clean energy directorate.

He played an instrumental role in building the company’s renewable energy portfolio across 25 countries, leading on a number of its best projects.

He was responsible for steering the business growth activities including bidding, acquisition and green field development.

He was also responsible for maximising value from Masdar’s utility-scale renewable energy portfolio globally through effective asset and operation management.

Khaled Al Qubaisi, chairman of Tabreed, commented, “I am pleased to welcome Bader Al Lamki to Tabreed. His vast expertise makes him the ideal successor to steer the company during the next stage of its growth strategy and further drive its operating and financial performance.

“His considerable industry knowledge will be invaluable to us as we continue our expansion and seek to further efficiency gains and achieve our full growth potential.”

Al Lamki joined Masdar in February 2008 from ADMA-OPCO after successfully leading a strategic development initiative to support increasing the oil production of the company to nearly 1 million barrels per day.

Earlier in his career, Al Lamki also worked with French energy operator Total, advising on oil and gas project development across the Africa continent.

He succeeds Jasim Husain Thabet, who joined as the first Emirati CEO of Tabreed in August 2012 and during his six-year tenure, the company’s annual net income grew from approximately AED202.3m to AED427.6m.

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