Abu Dhabi National Energy Company PJSC (TAQA) announced that it has been informed that Abu Dhabi Power Corporation PJSC (AD Power), an indirect wholly owned subsidiary of L’IMAD Holding Company PJSC, has completed the acquisition of an additional 9.1 billion shares in TAQA.
According to the disclosure, the transaction was completed on 10 June 2026 and increased AD Power’s ownership stake in TAQA by 8.09%.
Key highlights:
• AD Power acquired an additional 9,095,702,934 TAQA shares
• Transaction completed on 10 June 2026
• Ownership stake increased by 8.09%
• L’IMAD now owns 98.12% of TAQA through AD Power
• One of the largest ownership transactions involving TAQA shares
Following completion of the transaction, L’IMAD Holding Company PJSC, through Abu Dhabi Power Corporation, now holds 98.12% of TAQA’s issued share capital.
The disclosure follows the previously announced agreement involving the sale of Two Point Zero Group’s stake in TAQA to Abu Dhabi Power Corporation, further consolidating ownership under L’IMAD.
TAQA is one of the UAE’s largest listed utility companies, with operations spanning power generation, water desalination, transmission and distribution assets across the UAE and international markets.
Source: Abu Dhabi Securities Exchange (ADX) Disclosure / TAQA
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.