UAE-based Massar Solutions, a market leader in fleet solutions, plans to sell 240 million shares in the company, amounting to 40 per cent of the share capital and to apply for listing of shares on Abu Dhabi Securities Exchange (ADX).
Abu Dhabi National Energy Company (Taqa), the state-owned oil explorer and power supplier, reported a 27 per cent decrease in third-quarter net profit on Wednesday, citing a higher effective tax rate.
Taqa, 75 per cent owned by th
Abu Dhabi National Energy Company (Taqa) has appointed Suhail al-Shamsi as group vice president of treasury and member of the company's global management team, it said on Sunday.
Shamsi, who joined Taqa in 2010, takes over the
Abu Dhabi National Energy Company's (Taqa) chief financial officer Stephen Kersley has resigned and Ryan Wong will take over as acting head of finance effective October 1, the company said.
Kersley, who had been CFO since May
Abu Dhabi National Energy Company (Taqa), the state-owned explorer and power supplier, may sell assets this year and has picked two international advisers for a possible sale, two sources familiar with the matter said.
Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, swung to second-quarter profits and said it pulled out of acquisition plans in India and Iraq to improve its cash flow and reduce debt leverage.
Oil production from Iraqi Kurdistan remains unaffected despite an incursion by Islamic State militants along the autonomous region's border, its Ministry of Natural Resources said in a statement on Saturday.
The US launched ai
Abu Dhabi National Energy Co (Taqa) is pulling out of a $1.6 billion deal to buy two Indian hydroelectric power plants because of "a change in strategy", a senior Taqa official told Reuters on Thursday.
The official, who
Abu Dhabi National Energy Company (Taqa), the state-owned oil explorer and power supplier, posted a 158-percent jump in first-quarter net profit on Wednesday as revenue from its oil and gas business soared.
Taqa, 75 percent owned
Abu Dhabi National Energy Co (Taqa) is due to price a $750 million bond with a 10-year lifespan on Tuesday, arranging banks said, with interest from investors covering the size of the transaction more than three times.