|27 August, 2019

Abu Dhabi National Energy Company (TAQA) elects new members to its board of directors

TAQA delivered stable operational and financial results in the first half of 2019, with AED 9 billion of revenue in the first half of the year, a 5% increase compared to H1 2018, and a profit of AED 214 million.

Abu Dhabi, United Arab Emirates: Abu Dhabi National Energy Company PJSC (TAQA), a leading global energy and water company headquartered in the UAE, has announced the election of three new members to its Board of Directors during a special General Meeting held today.

The new board members approved by TAQA shareholders are as follows:

  • Mohamed Hassan Al Suwaidi
  • Jasim Thabet
  • Jaap Kalkman

Speaking on the election, 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.”

TAQA delivered stable operational and financial results in the first half of 2019, with AED 9 billion of revenue in the first half of the year, a 5% increase compared to H1 2018, and a profit of AED 214 million.

-Ends-

About TAQA

Established in 2005, Abu Dhabi National Energy Company PJSC (TAQA) (ADX: TAQA) (ISIN: AEA002401015) is a diversified international energy and water company headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange. Operating in 11 countries across four continents, TAQA has investments in power generation, water desalination, oil and gas exploration and production, pipelines and gas storage. The company's assets are located in Canada, Ghana, India, Iraq, Morocco, Oman, Saudi Arabia, the United Arab Emirates, Netherlands, United Kingdom and United States.

For investor relations enquiries, please contact:
Shadi Salman, CFA
ir@taqaglobal.com  

For media enquiries, please contact:
Sara Abdulla Al Blooshi
media.hq@taqaglobal.com 

© Press Release 2019

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