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).