Shareholding

 

TAQA Morocco is listed at the Casablanca Stock Exchange since the 24 December 2013.

Initial Public Offering

2 December 2013 : Market Authorities Approval
24 December 2013 : Listing on the Stock Exchange and 1st day of quotation
Offering price : MAD 447,5
Nominal value : MAD 100
Number of shares issued : 2 234 638 shares
Total offering amount : MAD 1 000 000 505 

The IPO on the Stock Exchange involved a capital opening of MAD 1 billion for a total valuation of MAD 9 billion, distributed as follows :

• 40% to the large Moroccan institutions
• 31.5% to individuals or corporate bodies
• 25% to foreign institutions
• 3.5% to employees

Pre-IPO operations

The private, pre-IPO placement operation provided nearly MAD 500 million and brought three big institutions into the capital share of the company: RMA Watanya, SCR (Société Centrale de Réassurance), MCMA (Mutuelle Centrale Marocaine d’Assurance).

Download the Information leaflet—Jorf Lasfar Energy Company, Flotation on Stock Exchange

Shareholding

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About TAQA

TAQA is a global reference in its field and one of the biggest companies floated on the Abu Dhabi Stock Exchange. It is worth over 29.6 billion dollars and has a functional capacity of 17,095 MW.
TAQA Group is one of the biggest foreign investors in Morocco.

The public Emirati group ADWEA (Abu Dhabi Water and Electricity Authority) has a 52.4% stake in TAQA Company. 75% of the TAQA Group is owned, directly and indirectly, by bodies of the Abu Dhabi government.