Saudi Tabreed District Cooling Company
Shahid Abdul Razzak has a diverse and extensive work experience. Shahid started their career as an Assistant Manager - Finance at the Central Depository Company of Pakistan Limited in 2005. Shahid then moved on to Abbott Laboratories, where they served as a Treasurer from 2007 to 2013, receiving the Silver Award for Risk Management Initiatives in 2011.
Razzak then joined Ali Zaid Al Quraishi and Brothers Company Limited as the Group Treasury Manager, responsible for establishing strong treasury controls and processes, managing debt facilities, and analyzing international investment avenues. During their time there, they successfully led the financing and legal documentation for a joint venture worth SAR 42 million.
In 2015, Razzak joined Tanmiah Food Company as the Group General Manager Finance & Head of Treasury. Shahid played a vital role in taking the company public through an IPO, which achieved significant institutional and retail coverage. Shahid also finalized the first-ever Islamic financing transaction for a European bank, converting conventional financing into Shariah-compliant financing.
Currently, Razzak holds the position of Vice President Finance at Saudi Tabreed District Cooling Company, where they started in 2022.
From 2003 to 2005, Shahid Abdul Razzak pursued their Master of Business Administration (MBA) with a specialization in Finance at the Institute of Business Administration.
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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.