TAQA

A diversified energy and utility company headquartered in Abu Dhabi, the capital of the United Arab Emirates, TAQA is traded on the bourse in that city under the ticker symbol "TAQA" (ADX: TAQA).

TAQA has a vital role in developing the Emirate of Abu Dhabi's economic policy as one of the top businesses in Abu Dhabi. Currently, the business has operations in 11 nations spread over four continents. TAQA was founded in June 2005 in accordance with the Emiri Decree 2005 as a public joint stock company, with ADWEA being a founding shareholder and holding 51% of the company's shares.

TAQA is a fully integrated utility firm with sizeable upstream and midstream oil and gas activities and large water and power generating, transmission, and distribution assets. A key focus of TAQA's investments is partnering with companies involved in power generation, oil and gas production and storage, and domestic desalination. In addition, it invests further in sectors such as mining, metals, and services.

Until now, TAQA has invested in more than 60 large and small companies globally. Its wholly owned subsidiaries include Takoradi International Company, which runs the Takoradi II Power Plant, Al Shuweihat Power Company, Gulf Power Company, United Arab Emirates Power Company, Taweelah Combined Power Company, Union Electric Company, and TAQA Bratani Co., Ltd. Nowadays, the assets of the business are spread over the countries such as Canada, India, Iraq, Saudi Arabia, United Arab Emirates, Netherlands, United Kingdom, and the United States.

Industry: Oil and gas exploration and production, pipelines, underground gas storage, power generation, and water desalination

Founded: 2005
Headquarters: Abu Dhabi, United Arab Emirates

Website: https://www.taqa.com/