TOP 1O
TAQA GROUP
Revenue : US $ 13.6 billion Employees : 7,000 CEO : Jasim Husain Thabet ( pictured left ) Founded : 2005
TAQA was established as a publicly listed company in 2005 and has grown into one of the largest integrated utilities companies in EMEA , with power , water and oil operations across 11 countries . TAQA recently posted an increase in its ninemonth net income to AED8.5bn , thanks to a 5 % shareholding in ADNOC Gas .
As a champion of low-carbon power and water , TAQA has acquired a 43 % controlling stake in Masdar ’ s renewables business and raised the target share of renewables within its portfolio by 2030 . The Group has also formed a joint venture ( E2GO ) with ADNOC Distribution to build and operate EV infrastructure in Abu Dhabi and announced a US $ 2.4bn investment project to provide a sustainable water supply for ADNOC ’ s onshore operations .
After recently launching a green finance framework , TAQA raised US $ 700.8m through its first green bond with Emirates Water and Electricity Company .
36 January 2024