TAQA dividend proposal gets approval; AED 207.5 million to be paid to shareholders
The Abu Dhabi National Energy Company PJSC (ADSM: TAQA) announced that a cash dividend of AED 207.5 million, amounting to 5% of the share capital, will be paid to shareholders.
The Board approved the dividend payment at the company’s annual general meeting (AGM) held this month in Abu Dhabi, which was hosted by TAQA Chairman Hamad Al-Hurr Al-Suwaidi, with the Board of Directors and CEO in attendance.
"This dividend payment demonstrates TAQA’s commitment to sharing our success with our shareholders for their continued and outstanding support," said His Excellency Hamad Al-Hurr Al-Suwaidi.
TAQA carries an Aa3 and A+ credit rating and was presented with the Emerging Market Deal of the Year and Middle East Corporate Bond of the Year 2006 awards by EuroWeek.