TAQA Arabia lists its shares on the EGX with LE 676M capital

CAIRO - 5 June 2023: TAQA Arabia is listing its shares on The Egyptian Exchange (EGX) after getting the listing committee’s approval. The energy and utility provider will be listing its shares with a capital of more than LE 676 million.

TAQA will be listing more than 1.3 billion shares for LE 0.50 per share.

“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. It will be listed in Egypt Listed Securities and will be allocated in the utilities sector.

Rami El Dokany, EGX’s Chairman stated that an energy firm will be listed within two weeks, earlier this month.