{"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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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":631161,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/eni-sells-10-stake-in-zohr-to-uaes-mubadala-for-usd-934-mn\/","url_meta":{"origin":577946,"position":1},"title":"Eni sells 10% stake in Zohr to UAE\u2019s Mubadala for USD 934 mn","author":"enterpriseam admin","date":"12 March 2018","format":false,"excerpt":"Eni sells 10% stake in concession that is home to Zohr to UAE\u2019s Mubadala for USD 934 mn: Eni has agreed to sell a 10% stake in the Shorouk concession, which holds the Zohr gas field, to Mubadala Petroleum, a wholly owned subsidiary of Abu Dhabi investment vehicle Mubadala Investment\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600100,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/qalaa-will-not-sell-shares-in-arc-and-taqa-arabia-when-they-ipo\/","url_meta":{"origin":577946,"position":2},"title":"Qalaa will not sell shares in ARC and TAQA Arabia when they IPO","author":"enterpriseam admin","date":"20 January 2019","format":false,"excerpt":"CLARIFICATION- Qalaa will not sell shares in ARC and TAQA Arabia when they IPO: Qalaa Holdings is planning to go ahead with an IPO of Arab Refining Company (ARC, the largest shareholder of the Egyptian Refining Company) and TAQA Arabia as early as 2020, but will not sell down its\u2026","rel":"","context":"In "Speed 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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":620731,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/26\/adnoc-drilling-sells-usd-935-mn-stake-in-secondary-sale\/","url_meta":{"origin":577946,"position":4},"title":"Adnoc Drilling sells USD 935 mn stake in secondary sale","author":"enterpriseam admin","date":"26 May 2024","format":false,"excerpt":"The Adnoc subsidiary priced its offering at AED 3.90 a share","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1988.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643190,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/04\/qalaa-settles-egp-3-34-bn-of-debt-in-exchange-for-a-stake-in-taqa\/","url_meta":{"origin":577946,"position":5},"title":"Qalaa settles EGP 3.34 bn of debt in exchange for a stake in Taqa","author":"enterpriseam admin","date":"4 September 2024","format":false,"excerpt":"Qalaa will retain the right to repurchase its shares in the energy distribution company from the banks for the next five years","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/958.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}]}}