TAQA Group

OverviewSuggest Edit

TAQA Group (also known as Abu Dhabi National Energy Company PJSC) is a company that specializes in providing energy and water solutions. It offers services such as power and water generation, distribution, transmission, assets, sustainability, etc. In addition, the company provides upstream and downstream oil and gas operations.

TypePublic
Founded2005
HQAbu Dhabi, AE
Websitetaqa.com

Latest Updates

Employees (est.) (Dec 2019)1,988(+14%)
Revenue (FY, 2020)د.إ24 B(+37%)
Cybersecurity ratingAMore
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Key People/Management at TAQA Group

Jasim Husain Thabet

Jasim Husain Thabet

Group Chief Executive Officer and Managing Director, Board Member
Jasim Husain Thabet

Jasim Husain Thabet

Group Chief Executive Officer and Managing Director, Board Member
Stephen Ridlington

Stephen Ridlington

Chief Financial Officer
H.e. Saeed Mubarak Al-Hajeri

H.e. Saeed Mubarak Al-Hajeri

Vice Chairman
Gareth Wynn

Gareth Wynn

Chief Communications Officer
Mansour Mohamed Almulla

Mansour Mohamed Almulla

Board Member
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TAQA Group Office Locations

TAQA Group has offices in Abu Dhabi, Calgary, Takoradi, Chennai and in 2 other locations
Abu Dhabi, AE (HQ)
Regus ADGM Square, Maryah Island Al Maqam Tower
Calgary, CA
P.O. Box 2350 STN M
Takoradi, GH
PO Box MC 2204
Chennai, IN
79, Kasturi Ave, MRC Nagar, Raja Annamalai Puram
Erbil, IQ
Empire World, Empire Business Complex, C1
Casablanca, MA
6 Rue Abou Zaid Eddaboussi
Show all (6)

TAQA Group Financials and Metrics

TAQA Group Revenue

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TAQA Group's revenue was reported to be د.إ23.99 b in FY, 2020 which is a 36.4% increase from the previous period.
AED

Revenue (FY, 2020)

24.0b

Revenue growth (FY, 2019 - FY, 2020), %

36.4%

Gross profit (FY, 2020)

5.7b

Gross profit margin (FY, 2020), %

23.8%

Net income (FY, 2020)

4.0b

Cash (31-Dec-2020)

8.5b
AEDFY, 2018FY, 2019FY, 2020

Revenue

17.7b17.6b24.0b

Revenue growth, %

(1%)36%

Cost of goods sold

11.7b11.8b18.3b

Gross profit

6.1b5.7b5.7b
AEDFY, 2018FY, 2019FY, 2020

Cash

3.5b3.0b8.5b

Accounts Receivable

1.1b1.1b4.7b

Prepaid Expenses

254.0m320.0m

Inventories

2.9b2.8b3.6b
AEDFY, 2018FY, 2019FY, 2020

Net Income

1.4b1.2b4.0b

Depreciation and Amortization

3.7b3.8b5.6b

Inventories

(87.0m)27.0m299.0m

Accounts Payable

(117.0m)56.0m(1.7b)
AEDFY, 2018

Revenue/Employee

10.1m

Debt/Equity

5.8 x

Debt/Assets

0.6 x

Financial Leverage

9.4 x
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TAQA Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

TAQA Group Online and Social Media Presence

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TAQA Group News and Updates

TAQA Group Successfully Completes US$1.5 Billion 7-year and 30-year Dual-Tranche Bond Offering

Abu Dhabi National Energy Company PJSC (“TAQA”, the “Company” or the “Group”), one of the largest listed integrated utility companies in the EMEA region, announced today the successful placement of an aggregate US$1.5 billion in 7-year and 30-year dual-tranche senior unsecured notes (the “Notes”)

Abu Dhabi Said to Weigh Sale of $4bn Taqa Stake

Abu Dhabi is working with an adviser as it considers selling about 10 percent of Abu Dhabi National Energy Co. (TAQA), Bloomberg reported citing people familiar with the matter

TAQA Group Unveils 2030 Strategy for Sustainable and Profitable Growth

Abu Dhabi National Energy Company PJSC (“TAQA”, the “Company” or the “Group”), one of the largest listed integrated utility companies in the region, announced today its 2030 vision for sustainable and profitable growth. The strategic plan places at its core the global acceleration of the energy tran…

Taqa Mulls Sale of Assets in UK and Canada

The company, also known as Abu Dhabi National Energy Company, is speaking with potential advisers as it reviews a business that spans countries including the UK and Canada, the people said, asking not to be identified as the matter is private

Odfjell Wins Five-Platform Taqa Contract

The platform drilling and maintenance services deal covers the North Cormorant, Harding, Tern Alpha, Brae Alpha and East Brae installations

SPARK to Welcome TAQA, AMCO to Project Backed by Saudi Aramco

The Industrialization and Energy Services Company (TAQA) and AMCO were the new added anchor tenants by King Salman Energy Park (SPARK), the Dammam-based project backed by Saudi Aramco
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TAQA Group Frequently Asked Questions

  • When was TAQA Group founded?

    TAQA Group was founded in 2005.

  • Who are TAQA Group key executives?

    TAQA Group's key executives are Jasim Husain Thabet, Jasim Husain Thabet and Stephen Ridlington.

  • How many employees does TAQA Group have?

    TAQA Group has 1,988 employees.

  • What is TAQA Group revenue?

    Latest TAQA Group annual revenue is د.إ24 b.

  • What is TAQA Group revenue per employee?

    Latest TAQA Group revenue per employee is د.إ12.1 m.

  • Who are TAQA Group competitors?

    Competitors of TAQA Group include Dialog Group, KAHRAMAA and Uniper.

  • Where is TAQA Group headquarters?

    TAQA Group headquarters is located at Regus ADGM Square, Maryah Island Al Maqam Tower, Abu Dhabi.

  • Where are TAQA Group offices?

    TAQA Group has offices in Abu Dhabi, Calgary, Takoradi, Chennai and in 2 other locations.

  • How many offices does TAQA Group have?

    TAQA Group has 6 offices.