Taqa s to invest Dh40b; eyes major boost in power capacity by 2030 - News khaleejtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khaleejtimes.com Daily Mail and Mail on Sunday newspapers.
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ADQ, one of the region’s largest holding companies, signed an agreement to merge its healthcare entities Rafed and Union71 with Dubai-based Pure Health to create a major healthcare support services provider.
As part of the agreement, ADQ will transfer its ownership of Rafed and Union71 to Pure Health for a stake in the merged entity.
Pure Health manages a number of hospitals, medical visa screening centers and has 120 laboratories across the UAE. The company has also partnered with the UAE government to conduct Covid-19 tests on all arrivals at the country s airports.
Rafed and Union71 s merger with “Pure Health will allow for higher volume throughput across a broader repertoire of tests and value-driven, centralised healthcare procurement services that will service the needs of healthcare providers in Abu Dhabi, Dubai and the Northern Emirates”, Mohamed Alsuwaidi, chief executive of ADQ, said.
Will other listed companies follow the TAQA way to introduce quarterly dividends?
“Currently, none of the other listed UAE companies offer quarterly dividends, with ADNOC Distribution and du paying dividends semi-annually,” said Vijay Valecha, Chief Investment Officer at Century Financial. “On Saudi Tadawul, 14 companies are paying quarterly.
“TAQA s move reflects its increased scale and improved financial profile, resulting from its landmark transaction in July with Abu Dhabi Power Corporation. Paying regular dividends sends a clear, powerful message about a company s prospects and performance. And its willingness and ability to pay steady dividends over time provides a demonstration of financial strength and share-holder friendly management.
Net Income of AED 2.8 Billion Pro-forma consolidated financial results highlight TAQA s enhanced financial strength following transaction with Abu Dhabi Power Corporation Abu Dhabi, UAE - February 22, 2021 : Abu Dhabi National Energy Company PJSC ( TAQA , the Company or the Group ), one of the largest listed integrated utilities in the region, has reported pro-forma consolidated financial results for the year ended December 31, 2020. The results incorporate the full year performance of the substantial assets transferred by Abu Dhabi Power Corporation (ADPower) to TAQA on July 1, 2020. TAQA continued to deliver a resilient performance amid unprecedented economic conditions. The results were underpinned by stable contracted and regulated utilities businesses, and included the following highlights:
Atlas Announces Appointment of New Chief Financial Officer
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Graham Talbot Possess 25+ Years of Financial Expertise including Global CFO Roles
LONDON, Jan. 11, 2021 /PRNewswire/ - Atlas Corp. ( Atlas ) (NYSE: ATCO), is pleased to announce the appointment of Mr. Graham Talbot to its executive leadership team and the role of Atlas Chief Financial Officer (CFO), beginning today. Atlas conducted an extensive worldwide search for its new CFO, seeking a candidate with significant global enterprise experience including proven leadership, accounting, finance, operational scalability, systems, and executional expertise cultivated within large global multi-national businesses.
Bing Chen, President and CEO of Atlas, commented, Graham is a seasoned professional with an accomplished and distinguished finance career and demonstrated successes in key financial and operational disciplines required of a world-class CFO. His profound experiences at the global