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 Qalaa Holdings, a leading investment firm in Africa and the Middle East, has released a regulatory statement clarifying its current shareholding in Taqa Arabia, in response to recent shareholder inquiries. The company confirmed that its current direct ownership stands at approximately 6.2% of Taqa Arabia’s total shares.

In its official disclosure, Qalaa outlined several strategic financial options to scale its position in the energy subsidiary over the medium term:

June 2027 Option: Qalaa holds the right to purchase a 20% stake in Taqa Arabia from the National Service Projects Organization (NSPO).

September 2029 Option: The firm retains the right to acquire the shares transferred to a coalition of local banks as part of a previous debt-settlement agreement. This pool represents a 17.68% stake in Taqa Arabia, currently held by Banque Misr, Banque du Caire, Al Ahli Bank of Kuwait (ABK), and the Arab African International Bank (AAIB).

Shareholder Alignments: Qalaa added that it intends to acquire an additional 11.45% of Taqa Arabia’s shares through mutual understandings with other shareholders, subject to prevailing regulatory compliance frameworks at the time of execution.

The company emphasized that if it exercises these call options within the designated timelines, Qalaa’s total ownership in Taqa Arabia will surpass 55%.

Furthermore, Qalaa underscored its robust corporate governance representation within Taqa Arabia's board committees. Dr. Ahmed Heikal, Chairman of Qalaa Holdings, chairs Taqa Arabia's Strategy Committee and serves as a member of the Remuneration and Benefits Committee. Additionally, Hisham El-Khazindar, Qalaa’s Co-Founder and Managing Director, maintains an active seat on Taqa Arabia's Strategy Committee.