The Abu Dhabi National Energy Company (Taqa) is officially moving toward delisting from the Abu Dhabi Securities Exchange (ADX) after the Abu Dhabi Power Corporation (ADPC) successfully finalized its 100% takeover of the utility giant. Following the conclusion of a mandatory squeeze-out process, the ADPC has become the sole owner of all issued share capital. In a recent board meeting held on August 25, 2026, Taqa’s directors formally approved the delisting, a move that follows the shareholder-backed mandate granted during the general assembly in July. The exit from the stock exchange will become official once all remaining regulatory clearances within the UAE are secured.

Despite the transition in ownership, the company’s recent financial results highlight a period of operational focus. While revenue for the first half of 2026 dipped slightly to Dh27.5 billion—largely due to lower pass-through revenues and the decommissioning of assets in the UK North Sea—Taqa saw an improvement in profitability. EBITDA climbed by 7.7% to Dh11 billion, and net income rose nearly 10% to Dh4.1 billion. This growth was bolstered by strong performances in the firm’s transmission and generation sectors, even as the company ramped up capital expenditure by 38% to fuel ongoing investments in water and power infrastructure.