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

Established in 2005, TAQA is a diversified utilities and energy group headquartered in Abu Dhabi, the capital of the United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX: TAQA). TAQA has significant investments in power and water generation, transmission and distribution assets, as well as upstream and midstream oil and gas operations. The company's assets are in the United Arab Emirates as well as Canada, Ghana, India, Iraq, Morocco, Oman, the Netherlands, Saudi Arabia, the United Kingdom and the United States. For more information, please visit: www.taqa.com

Abu Dhabi Power Corporation (ADPower) has a 98.60% stake in TAQA Company, 1.40% being Public shareholding.