UAE's Taqa To Delist Shares
Abu Dhabi National Energy Company "Taqa" announced its decision to delist its shares from the Abu Dhabi Securities Exchange, following the completion of the mandatory acquisition of all remaining shares, thereby making Abu Dhabi Energy Establishment the sole shareholder with 100% ownership. This decision has been approved by both the Board of Directors and the General Assembly, and the company is now awaiting the necessary regulatory approvals to commence the official delisting process. This move reflects a complete transfer of ownership of the company to Abu Dhabi Energy Establishment, eliminating the fragmented shareholder structure and enhancing decision-making flexibility. However, investors will lose the opportunity to trade the company's shares on the public market.
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