Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities in the region, reported a net income of AED4.3 billion ($1.17 billion) for the first half of 2022, an increase of 50% compared to H1 2021.
Abu Dhabi National Energy Company (Taqa) has reported consolidated financial results for the period ended 30th June, 2022. The company reported a net income (Taqa-share) of Dhs4.3 billion, 50% higher than the prior year, with a greater contribution from the Oil & Gas segment. Taqa delivered a strong performance
Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company have entered into binding agreements for TAQA and Adnoc to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala.
Abu Dhabi Securities Exchange (ADX) has announced the secondary bond listing of $700 million of fixed-rate amortising senior secured green bonds, marking a first for the exchange. These greem bonds were issued by Sweihan PV Power Company (SPPC).