The energy and utility provider will be listing a total of 1,352,353,800 shares for EGP 0.50 per share.
The Egyptian Exchange's (EGX) listing committee approved the listing of TAQA Arabia’s shares of with a capital of more than EGP 676 million.
The energy and utility provider will be listing a total of 1,352,353,800 shares for EGP 0.50 per share. It will be listed in Egypt Listed Securities and will be allocated in the utilities sector.
“The authorization of listing TAQA Arabia’s shares today is a testament to our profound confidence in the Egyptian economy and its future growth. Proceeding from Cairo, we are keen on scaling up our investments, services and project portfolio in Egypt and the region. This requires finding sources of financing and increasing the group’s capital in the coming period,” said Khaled Abu Bakr, Chairman of TAQA Arabia.
The shares were added to the EGX database as of Sunday 4 June 2023 under the symbol TAQA.CA.
EGX’s Chariman, Rami El Dokany stated that an energy firm will be listed within two weeks, earlier this month.
