The merger between the Abu Dhabi National Energy Company (TAQA) and the Abu Dhabi Energy Corporation created a new entity described as the third largest company by market value in the UAE capital markets.

According to the Emirates News Agency, the new entity succeeded during less than ten sessions in attracting new liquidity, and the activity witnessed by the company’s share was reflected in its market price, which grew by more than 49 % Back to almost one dirham level today.

In light of the activity witnessed by TAQA shares, the company’s market value increased to about 114.68 billion dirhams at the end of July 13 transactions, an increase of 30 billion dirhams compared to its value in the beginning of trading On the stock when the merger transaction is completed.

The merger of TAQA and Abu Dhabi Energy Corporation has not only increased its rating to the third largest public joint stock company listed in the UAE capital markets in terms of market value, but is now considered one One of the ten largest companies in the Europe, Middle East and Africa region by assets.

This position that the company has acquired is due to the large assets it owns, as its asset portfolio contains 12 power generation and water production plants in the UAE, in addition to being the only company in the emirate Abu Dhabi is responsible for the transportation and distribution of this water and energy in addition to the assets it owns in many countries.


(Amazon fun of knowledge)