TAQA has informed shareholders that it has received a notification from Abu Dhabi Power Corporation (AD Power), which owns 98.12% of TAQA’s shares, outlining the Abu Dhabi Securities Exchange (ADX) operational procedures and implementation stages for the compulsory acquisition (squeeze-out) of the remaining shares.
The disclosure provides shareholders with the key dates for the final trading, settlement and payment process as part of the compulsory acquisition.
Key highlights:
• AD Power currently owns 98.12% of TAQA’s shares
• 6 August 2026 will be the last trading day for TAQA shares
• Trading in TAQA shares will be suspended from 7 August 2026
• Ownership transfer of the remaining shares is scheduled for 13 August 2026
• ADX is expected to distribute the acquisition consideration to eligible shareholders on 18 August 2026
The announcement relates to the implementation process following AD Power’s compulsory acquisition notice issued on 12 June 2026, with TAQA publishing the information in accordance with its disclosure obligations.
Source: TAQA
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.
