.jpg)
The Egyptian Exchange (EGX) approved temporarily listing the shares of “TAQA Arabia” (TAQA.CA) for direct trading.
EGX Executive Chairman, Rami El-Dokany, said: "The listing of TAQA Arabia represents the culmination of our efforts in attracting private sector companies with strong fundamentals operating in resilient sectors positively affected with Egyptian economy dynamics.
El-Dokany congratulated TAQA Arabia Board of Directors and top management appreciating their exerted efforts during the listing process, which reflects their strong belief in the importance and advantages of listing; especially easy access to finance.
Khaled Abu Bakr, Chairman of TAQA Arabia said that the approval of listing the company’s shares is a testament to our profound confidence in the Egyptian economy and its future growth. He added, “This listing is the culmination of over 9 years of stability, accomplishments and reforms in the Egyptian energy sector, as well as 25 years of experience and success for TAQA Arabia.”
Abu Bakr stated that TAQA Arabia is working on scaling up its investments, services and project portfolio in Egypt and the region. This requires finding sources of financing and increasing the group’s capital in the coming period.
"TAQA Arabia" (TAQA.CA) is a leading group in energy distribution and its integrated services in Egypt and MENA with an issued capital of EGP 676,176,900 divided into 1,352,353,800 shares with a par value per share of EGP 0.5. TAQA Arabia (TAQA.CA) will be listed under the utilities sector.
