On 10 November 2020, AbuDExc revised foreign share ownership limit for Taqa.
- AbuDExc announced Taqa shares were opened to foreign ownership, with cap of 49%.
Overview
- Informed of new substantial shareholding limit on Abu Dhabi National Energy Company PJSC (TAQA) shares, 51% is minimum ownership for UAE nationals and for non-UAE nationals 49%.
- Board had noted ownership was previously limited to UAE nationals and institutions.
Effectiveness
- Change effective from 11 November 2020.
