{"id":577946,"date":"2022-12-11T04:00:17","date_gmt":"2022-12-11T04:00:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/taqa-is-now-masdars-biggest-shareholder\/"},"modified":"2022-12-11T04:00:17","modified_gmt":"2022-12-11T04:00:17","slug":"taqa-is-now-masdars-biggest-shareholder","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/taqa-is-now-masdars-biggest-shareholder\/","title":{"rendered":"Taqa is now Masdar\u2019s biggest shareholder"},"content":{"rendered":"

<\/a> Mubadala sells majority stake in Masdar to Taqa + Adnoc: <\/strong>The UAE\u2019s national oil company Adnoc and state energy firm Taqa have completed a transaction to take stakes in sovereign wealth fund Mubadala\u2019s clean energy firm Masdar, according to a<\/a>joint statement<\/a> out Thursday. Taqa is the largest shareholder of the company\u2019s renewables business with a 43% stake, Mubadala will retain 33% and Adnoc the remaining 24%. Meanwhile, Adnoc will lead green hydrogen operations with a 43% stake in that side of the business, with Mubadala holding 33% and Taqa the remaining 24%. Taqa paid more than USD 1 bn for its stake, according to the statement.<\/p>\n

Americana Group will debut on both the Saudi and Abu Dhabi <\/strong>stock exchanges <\/strong>tomorrow<\/strong>, 12 December, according to statements from the two bourses (here<\/a> and here, pdf<\/a>). Americana, which operates KFC and Pizza Hut in MENA, is offering (pdf)<\/a> a 30% stake (2.5 bn shares) in a dual listing in Riyadh and Abu Dhabi at SAR 2.68 apiece \u2014 the top end of its range, valuing the company at as much as USD 6 bn. Bookbuilding was oversubscribed<\/a> within hours of opening last month.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

14,838<\/p>\n<\/td>\n

\n

+0.4% (YTD: +24.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 24.59<\/p>\n<\/td>\n

\n

Sell 24.66<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD at CIB<\/strong><\/p>\n<\/td>\n

\n

Buy 24.58<\/p>\n<\/td>\n

\n

Sell 24.64<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates CBE<\/strong><\/p>\n<\/td>\n

\n

13.25% deposit<\/p>\n<\/td>\n

\n

14.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

10,247<\/p>\n<\/td>\n

\n

+0.6% (YTD: -9.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

10,252<\/p>\n<\/td>\n

\n

-0.2% (YTD: +20.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

3,325<\/p>\n<\/td>\n

\n

+0.3% (YTD: +4.0%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

3,934<\/p>\n<\/td>\n

\n

-0.7% (YTD: -17.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

7,477<\/p>\n<\/td>\n

\n

+0.1% (YTD: +1.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Euro Stoxx 50<\/strong><\/p>\n<\/td>\n

\n

3,943<\/p>\n<\/td>\n

\n

+0.5% (YTD: -8.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 76.10<\/p>\n<\/td>\n

\n

-0.1%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 6.25<\/p>\n<\/td>\n

\n

+4.8%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 1,810.70<\/p>\n<\/td>\n

\n

+0.5%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 17,147<\/p>\n<\/td>\n

\n

+0.2% (YTD: -62.9%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

THE CLOSING BELL-<\/strong><\/p>\n

The EGX30 rose 0.4% at Thursday\u2019s close<\/strong> on turnover of EGP 2.74 bn. International investors were net buyers. The index is up 24.2% YTD.<\/p>\n

In the green: <\/strong>AMOC (+7.7%), Sidi Kerir Petrochemicals (+7.6%) and Elsewedy Electric (+6.0%).<\/p>\n

In the red: <\/strong>Oriental Weavers (-3.9%), e-Finance (-2.6%) and Fawry (-2.3%).<\/p>\n","protected":false},"excerpt":{"rendered":"

Mubadala sells majority stake in Masdar to Taqa + Adnoc: The UAE\u2019s national oil company Adnoc and state energy firm Taqa have completed a transaction to take stakes in sovereign wealth fund Mubadala\u2019s clean energy firm Masdar, according to ajoint statement out Thursday. Taqa is the largest shareholder of the company\u2019s renewables business with a […]<\/p>\n","protected":false},"author":1,"featured_media":577947,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[1703,2363,93,72,119,78,7128,1553,122,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet-finance","tag-adnoc","tag-americana-egypt","tag-energy","tag-enterpriseam","tag-financial-markets","tag-ipo-watch","tag-ma-watch","tag-mubadala","tag-planet-finance","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"cf0eb482-0a91-47d1-80f1-71757ff9bff2","is_powered_by":true,"section_story_id":"4e946ab8-679a-41d7-838c-3767fca705d3","story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/194.jpg","photo_position":"above","related_issue":[577918],"teaser":"","voice_url":""},"yoast_head":"\nTaqa is now Masdar\u2019s biggest shareholder - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/taqa-is-now-masdars-biggest-shareholder\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taqa is now Masdar\u2019s biggest shareholder\" \/>\n<meta property=\"og:description\" content=\"Mubadala sells majority stake in Masdar to Taqa + Adnoc: The UAE\u2019s national oil company Adnoc and state energy firm Taqa have completed a transaction to take stakes in sovereign wealth fund Mubadala\u2019s clean energy firm Masdar, according to ajoint statement out Thursday. Taqa is the largest shareholder of the company\u2019s renewables business with a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/taqa-is-now-masdars-biggest-shareholder\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-11T04:00:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/194.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/taqa-is-now-masdars-biggest-shareholder\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/taqa-is-now-masdars-biggest-shareholder\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Taqa is now Masdar\u2019s biggest shareholder\",\"datePublished\":\"2022-12-11T04:00:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/taqa-is-now-masdars-biggest-shareholder\/\"},\"wordCount\":282,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/taqa-is-now-masdars-biggest-shareholder\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/194.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADNOC\",\"Americana Egypt\",\"energy\",\"EnterpriseAM\",\"Financial Markets\",\"IPO watch\",\"M&A Watch\",\"Mubadala\",\"Planet Finance\",\"renewables\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/taqa-is-now-masdars-biggest-shareholder\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/taqa-is-now-masdars-biggest-shareholder\/\",\"name\":\"Taqa is now Masdar\u2019s biggest shareholder - 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Adnoc was reportedly in the process of\u2026","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/63.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605366,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/30\/military-stake-sales-in-the-spotlight-as-taqa-arabia-joins-race-for-wataniya-2-investors-circle-safi\/","url_meta":{"origin":577946,"position":1},"title":"Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi","author":"enterpriseam admin","date":"30 August 2023","format":false,"excerpt":"Taqa is one of four companies doing due diligence on the company","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1427.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568137,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/privatize-all-the-things\/","url_meta":{"origin":577946,"position":2},"title":"Privatize all the things","author":"enterpriseam admin","date":"20 December 2020","format":false,"excerpt":"The state privatization program could be making a comeback in the coming months after Public Enterprises Minister Hisham Tawfik told Bloomberg over the weekend that the government has earmarked five companies to be offered to investors. Improving market conditions and increased foreign appetite for Egyptian equities has prompted the government\u2026","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/327.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565092,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/17\/wataniya-sale-pushed-back-to-2h2021\/","url_meta":{"origin":577946,"position":3},"title":"Wataniya sale pushed back to 2H2021","author":"enterpriseam admin","date":"17 March 2021","format":false,"excerpt":"The sale of 80-90% of military-owned Wataniya Petroleum has been pushed back to 2H2021, sources close to the transaction told the local press. The Sovereign Fund of Egypt (SFE), which is managing the sale, had previously been expected to wrap it up in the first half of the year, according\u2026","rel":"","context":"In "SPEED ROUND: PRIVATIZATION WATCH"","block_context":{"text":"SPEED ROUND: PRIVATIZATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/497.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546974,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/05\/lekela-could-be-about-to-get-egyptian-emirati-owners\/","url_meta":{"origin":577946,"position":4},"title":"Lekela could be about to get Egyptian + Emirati owners","author":"enterpriseam admin","date":"5 June 2022","format":false,"excerpt":"Infinity + Masdar to take majority stake in Lekela? Renewable energy player Infinity and Emirati firm Masdar are close to acquiring Actis\u2019 majority stake in Lekela Power in a transaction that could be worth almost USD 1 bn, Reuters reports, citing three sources it says are familiar with the matter.\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/133.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566219,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/03\/the-bidding-war-for-the-armys-wataniya-petroleum-is-heating-up\/","url_meta":{"origin":577946,"position":5},"title":"The bidding war for the army\u2019s Wataniya Petroleum is heating up","author":"enterpriseam admin","date":"3 June 2021","format":false,"excerpt":"Saudi industrial oils giant Petromin is throwing its hat in the ring in what\u2019s shaping up into a bidding war for Wataniya Petroleum, Bloomberg reports, quoting sources familiar with the matter. The company will compete with each of Qalaa Holdings\u2019 Taqa Arabia, Dubai\u2019s state-owned Emirates National Oil Company, and a\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/419.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=577946"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577946\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577947"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577946"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577946"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}