Taqa ArabiaEGX: TAQA

Qalaa Holdings Updates On Ownership In Taqa Arabia

· Issued by Taqa Arabia

QALA FOR FINANCIAL INVESTMENTS EGX:CCAP:

  • IN ADDITION TO QALAA'S CURRENT OWNERSHIP OF ABOUT 6.2% OF TAQA ARABIA'S SHARES

  • HAS RIGHT TO PURCHASE 20% OF TAQA'S SHARES FROM NATIONAL SERVICE PROJECTS ORGANIZATION IN JUNE 2027

  • INTENDS TO PURCHASE A TOTAL OF 11.45% OF TAQA ARABIA'S SHARES BASED ON CERTAIN UNDERSTANDINGS WITH OTHER SHAREHOLDERS

  • HAS THE RIGHT TO BUY THE SHARES THAT WERE TRANSFERRED TO THE EGYPTIAN BANKS IN SETTLEMENT MADE WITH THEM

  • IF QALAA PURCHASED THESE SHARES ON SCHEDULED DATES, ITS OWNERSHIP IN TAQA ARABIA WILL EXCEED 55% OF CO'S SHARES

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