Abu Dhabi - Mubasher: Abu Dhabi National Energy Company (TAQA) announced Jassem Mohammed bu Ataba Al Zaabi as the board’s Chairman for the next three years.
Sultan Ahmed Al Jaber was appointed as the Vice Chairman, according to a bourse filing.
The new board will oversee TAQA’s strategy, supporting Abu Dhabi’s energy and water security while advancing international expansion and shareholder value.
Al Zaabi commented: “TAQA has established itself as one of the region’s leading integrated utilities companies, playing a vital role in supporting Abu Dhabi’s sustainable economic growth and energy transition.”
“I look forward to working with the board to build on the company’s strong foundations, accelerate its strategic ambitions, and continue delivering sustainable long-term value for our shareholders and stakeholders,” the new chairman added.
Jasim Husain Thabet, the CEO and Managing Director of TAQA, stated: “We look forward to working under the guidance of our new board to deliver the next phase of TAQA’s development, building on the growth and transformation that has turned us into a globally recognized leader in delivering reliable and sustainable power and water.”
Moreover, the shareholders approved cash dividends of 2.20 fils per share for the fourth quarter (Q4) of 2025. This comprises a fixed dividend of 1.5 fils and a variable dividend of 0.70 fils.
This brings the total dividends for 2025 to 4.45 fils per share, or approximately AED 5 billion, including interim dividends declared in May, August, and November 2025.
The company’s updated dividend policy for 2026–2028 was also approved, maintaining fixed and variable components, with the fixed dividend expected to grow annually.
During 2025, TAQA logged an annual increase in net profits after tax to AED 7.56 billion, compared with AED 7.33 billion.
