Taqa ArabiaEGX: TAQA

APIC, BoP Group And Massder Enter Into A Strategic Partnership To Establish “Taqa”

· Issued by Taqa Arabia

BANK OF PALESTINE (BOP.PL):

  • APIC, THE BANK OF PALESTINE GROUP AND MASSDER ENTER INTO A STRATEGIC PARTNERSHIP

  • PARTNERSHIP TO ESTABLISH A COMPANY UNDER NAME “TAQA”

  • PARTNERSHIP AIMS FOR TAQA TO SERVE AS INVESTMENT ARM OF THREE PARTIES IN RENEWABLE ENERGY

  • PARTNERSHIP WOULD INCLUDE TRANSFER TO TAQA SHARES OF QUDRA HELD BY APIC AND BOP GROUP

  • PARTNERSHIP INCLUDES TRANSFER OF MASSADER’S EQUITY, SHARES IN SEVERAL SOLAR ENERGY PROJECTS AND UNITS