TAQA
Abu Dhabi - Mubasher: Abu Dhabi National Energy Company (Taqa), a leading global energy and water company based in the UAE, announced it has elected three new members to its board of directors.
The new board members approved by the company’s shareholders are Mohamed Hassan Al Suwaidi, Jasim Husain Ahmed Thabet, and Jacob Barend Kalkman, according to a press release.
Saeed Mubarak Al Hajeri, chairman of Taqa, said: “Our new members will add a wealth of expertise and organizational knowledge to TAQA’s board. I am confident that these additions will reinforce our strategic objectives for growth and development.”
“As TAQA enters the next phase of our journey, which includes refocusing on our expansion plans and maximizing our existing assets, we welcome the contributions of our new members to help guide the company and advance the interests of shareholders,” he added.
Moreover, the company has also decided to remove Saif Saleh Jumaan Mohamed Alseiaru, Mohammed Abdulla Rashid Sahoo Alsuwaidi, and Abdulaziz Abdulrahman Mubarak Alhemaidi, according to a statement to the Abu Dhabi Securities Exchange (ADX).
In the first half of 2019, Taqa recorded AED 9 billion in revenue, which is up 5% as compared with H1-18.
The Abu Dhabi-based company also logged a net profit of AED 214 million in H1-19, versus AED 278 million in the first six months of 2018.