AED 207.5 million to be aid to TAQA’s Shareholders
Posted: 13 May 2007
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The Abu Dhabi National Energy Company (TAQA) announced that a cash dividend of AED 207.5 million, amounting to 5% of the share capital, will be paid to shareholders.
The Board approved the dividend payment at the company’s annual general meeting held this month in Abu Dhabi, which was hosted by TAQA Chairman His Excellency Hamad Al-Hurr Al-Suwaidi, with the Board of Directors and CEO in attendance.
“This dividend payment demonstrates TAQA’s commitment to sharing our success with our shareholders for their continued and outstanding support,” said His Excellency Hamad Al-Hurr Al-Suwaidi.
TAQA is a global energy company with investment capabilities in power generation, CHP, desalination, renewables, upstream oil/gas, refining/retail, pipelines, services, structured finance and the creation, syndication and management of assets. TAQA was founded in Abu Dhabi in 2005 and listed on the Abu Dhabi Stock Exchange. At year end 2006 TAQA had in excess of AED 51bn in assets and generated AED 3.4bn revenue. The company currently has in excess of 10,000 MW (gross) of installed generation, upstream oil/gas production, gas processing, pipelines and natural gas storage. TAQA operates from its offices in Abu Dhabi, London and Amsterdam with alliance partners across the Gulf, Middle East, North Africa, Sub-Saharan Africa, Europe, Asia, Australia, and the United States.
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