TAQA Announces New Board, Approves AED5B Dividend for 2025

Abu Dhabi National Energy Company (TAQA) has confirmed its new Board of Directors following its Annual General Assembly.

Shareholders approved a final cash dividend of 2.20 fils per share for Q4 2025, including a fixed dividend of 1.5 fils and a variable dividend of 0.70 fils. This brings TAQA’s total dividend for the full year 2025 to 4.45 fils per share, approximately AED5 billion, including interim dividends declared in May, August, and November.

The updated dividend policy for 2026-2028 was also approved, maintaining both fixed and variable components. The fixed dividend is expected to grow annually.

The elected Board members for a three-year term include:

• Jassem Mohammed Bu Ataba Al Zaabi – Chairman, Non-Executive, Independent

• Dr. Sultan Ahmed Al Jaber – Vice Chairman, Non-Executive, Independent

• Mohamed Ali Al Shorafa Al Hammadi – Non-Executive, Independent

• Dr. Abdulla Humaid Al Jarwan – Non-Executive, Independent

• Kamal Ishaq Almaazmi – Non-Executive, Independent

• Buthaina Abdulla Almazrouei – Non-Executive, Independent

• Muna Ali Al Dhaheri – Non-Executive, Independent

• Hamad Abdulla Al Hammadi – Non-Executive, Independent

• Khaled Mohamed Al Zaabi – Non-Executive, Independent

• Hamsa Parama Shadaksharappa – Non-Executive, Independent

• Jasim Husain Thabet – Executive Board Member, Group CEO and Managing Director, TAQA

New Chairman Jassem Mohammed Bu Ataba Al Zaabi said, “TAQA is a leading integrated utility, supporting Abu Dhabi’s sustainable growth. We aim to build on the company’s strong foundation and deliver long-term value for shareholders and stakeholders.”

CEO Jasim Husain Thabet added, “We look forward to working with the new Board to continue TAQA’s growth, delivering reliable and sustainable power and water worldwide.”

The new Board will collaborate with TAQA’s Executive Management Team to oversee the company’s strategy, support Abu Dhabi’s energy and water security, expand internationally, and ensure sustainable returns for shareholders.