Business
Qalaa Holdings Updates On Ownership In Taqa Arabia
Qalaa Holdings Updates On Ownership In Taqa Arabia
About this update from Taqa Arabia
QALA FOR FINANCIAL INVESTMENTS EGX:CCAP:IN ADDITION TO QALAA'S CURRENT OWNERSHIP OF ABOUT 6.2% OF TAQA ARABIA'S SHARESHAS RIGHT TO PURCHASE 20% OF TAQA'S SHARES FROM NATIONAL SERVICE PROJECTS ORGANIZATION IN JUNE 2027INTENDS TO PURCHASE A TOTAL OF 11.45% OF TAQA ARABIA'S SHARES BASED ON CERTAIN UNDERSTANDINGS WITH OTHER SHAREHOLDERSHAS THE RIGHT TO BUY THE SHARES THAT WERE TRANSFERRED TO THE EGYPTIAN BANKS IN SETTLEMENT MADE WITH THEMIF QALAA PURCHASED THESE SHARES ON SCHEDULED DATES, ITS OWNERSHIP IN TAQA ARABIA WILL EXCEED 55% OF CO'S SHARES