Abu Dhabi National Energy PJSC (TAQA`B)

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News

7 September 2014 09:59 AM Taqa names Al Dhaheri head of human resources

Abu Dhabi National Energy Company (Taqa) has appointed a new head of human resources to its top executive management team, part of a wider reorganisation under way this year under new Taqa leadership, according to The National.In his …

Company News

4 September 2014 08:41 AM TAQA hires Macquarie Group, McKinsey & Co. as asset sale advisors

Abu Dhabi National Energy Company (TAQA) has announced appointing Macquarie Group Ltd. and McKinsey & Co. Inc. to advise on potential asset sales, reported news agency Bloomberg quoting sources as saying, noting that the two firms …

Company News

14 August 2014 00:21 PM UAE’s TAQA withdraws from India, Iraq acquisition plans

Abu Dhabi National Energy Company (TAQA), the state-owned oil explorer and power supplier, said that it has pulled out of acquisition plans in both India and Iraq to improve its cash flow and reduce debt leverage, reported Arabian …

Mergers and Acquisitions

14 August 2014 08:29 AM TAQA ends plan to buy stake in Kurdistan power plant

In its statement to the Abu Dhabi Securities Exchange (ADX), Abu Dhabi National Energy Company (TAQA) announced that it has concluded its plans to invest in Al Sulaymaneyah Power Plant in Kurdistan, Iraq. This step is in line with the …

Company News

13 August 2014 10:37 AM No plans to return to bond market before 2017 – TAQA

Abu Dhabi National Energy Company (TAQA) said that it has succeeded in refinancing its $1.2 billion bonds at competitive prices. The Company has no plans to return to the bond market before 2017, TAQA highlighted in a statement to the …

Company News

13 August 2014 08:40 AM TAQA H1 profit soars 220% to AED 836 mln

In its statement today to the Abu Dhabi Securities Exchange (ADX), Abu Dhabi National Energy Company (TAQA) announced its financial results for the first half and second quarter of 2014.TAQA announced achieving a net profit of AED 836 …

Banking and Finance

10 August 2014 11:03 AM TAQA suspends work in Kurd Atrush field due to unrest

The Abu Dhabi National Energy Company (TAQA) announced that it suspended its activities in Atrush oilfield in Iraqi Kurdistan due to instability in the region.The company mentioned that it stopped drilling in this …

Corporate Actions

10 August 2014 07:52 AM UAE’S TAQA halts activity in Kurdistan

Taking a precautionary measure due to the instability in the region, Abu Dhabi National Energy Co. (TAQA) announced that it has suspended its activity at the Atrush Block in Kurdistan, reported Arabian Business, adding …

Company News

7 August 2014 07:45 AM TAQA Board to release H1 financials on August 13

In its statement to the Abu Dhabi Securities Exchange (ADX), Abu Dhabi National Energy Company “TAQA” announced that its Board of Directors will convene on August 12, 2014 at 11 am to review and approve the Company’s financial results …

Banking and Finance