TAQA Arabia wraps up procedures to establish new joint stock firm

Updated 10/9/2023 9:16:00 AM
TAQA Arabia wraps up procedures to establish new joint stock firm

Arab Finance: TAQA Arabia has finalized procedures to establish an Egyptian joint stock company named Aman TAQA for Electronic Payments Technology Company, as per a disclosure on October 9th.

The new firm will be established in partnership with Aman Holding Company for Non-Banking Financial Services Technology and Electronic Payments, and Aman for Electronic Payments Technology with an issued capital of EGP 20 million.

TAQA Arabia will hold a 49% stake in the new company.

TAQA Arabia is a leading energy and utility provider that has been recently listed on the EGX under the ticker symbol (TAQA.CA).

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