Taqa delisting plans are moving forward after an L’imad subsidiary completed the acquisition of all remaining shares. The energy company will leave the Abu Dhabi Securities Exchange after receiving regulatory approval. The development follows a series of ownership changes that have increased L’imad’s control over Taqa.
Abu Dhabi Power Corporation completed the mandatory acquisition of Taqa’s remaining shares on August 13. The transaction gave the subsidiary full ownership of the Abu Dhabi energy company. Consequently, Taqa’s board approved plans to remove its shares from the local stock market. However, regulators must approve the delisting before it becomes effective.
The company has not announced a specific timetable for the delisting. Therefore, shareholders and investors must wait for further regulatory updates. Until authorities approve the process, Taqa remains subject to the relevant market requirements. The decision marks an important change for a company that has traded publicly for more than two decades.
Taqa first joined the Abu Dhabi Securities Exchange in September 2005. The company listed its shares at AED1.48 each at the time. Its shares later gained value as the business expanded across the energy sector. However, Taqa shares closed at AED2.66 on August 6, which marked their final trading session.
The stock had fallen about 21 percent since the beginning of 2026. That closing price now provides the final market reference before the company exits the exchange. The move will also change how investors access Taqa shares. Once the delisting takes effect, investors will no longer trade the company through Abu Dhabi’s public market.
L’imad had already built a dominant position in Taqa before the latest acquisition. Its indirect ownership reached 98.12 percent following a major purchase in June. Abu Dhabi Power Corporation carried out that transaction as part of the broader ownership process. The June deal carried an estimated value of AED21.6 billion, or about $5.9 billion.
The latest acquisition allowed the subsidiary to obtain the remaining shares. As a result, L’imad now has complete control over Taqa. The transaction reflects a broader consolidation strategy across several major Abu Dhabi assets. L’imad has increasingly brought strategic companies under its wider investment structure.
Another recent development involves Abu Dhabi Ports. Abu Dhabi Developmental Holding, another L’imad subsidiary, announced plans to increase its ownership. The company currently holds 75.42 percent of the Abu Dhabi-listed ports operator. Its proposed transaction could eventually give it full ownership of the business.
These moves highlight the growing consolidation of major companies within Abu Dhabi’s investment landscape. They could also reduce the number of large strategic businesses available to public market investors. At the same time, greater ownership control can provide companies with more flexibility. Management teams can then focus on long-term strategies without constant public market pressure.
Taqa delisting also highlights the expanding role of L’imad within Abu Dhabi’s economy. The investment group emerged earlier this year after the consolidation of ADQ. L’imad now manages a broad portfolio covering several important economic sectors. These sectors include infrastructure, real estate, financial services, technology, and other strategic industries.
The group also manages investments across the UAE and international markets. Its structure includes numerous investment companies and more than 250 subsidiaries. Therefore, the consolidation creates a larger platform for managing strategic assets. It also strengthens Abu Dhabi’s ability to coordinate investments across major industries.
For Taqa, the ownership transition could support a more focused long-term strategy. The company will continue its operations under the new ownership structure. However, investors will lose direct access to the company through the Abu Dhabi exchange. That change makes the transaction particularly significant for the local capital market.
Meanwhile, regulatory approval remains the main outstanding step. The company has not confirmed when authorities will complete the review. Investors should therefore monitor future announcements for additional information. Further updates could provide details about the final delisting date and related procedures.
The transaction comes as Abu Dhabi continues reshaping its major investment holdings. The emirate has increasingly focused on consolidating strategic companies within larger investment platforms. This approach can strengthen control while supporting coordinated investment decisions. It can also create larger corporate groups with broader resources and strategic reach.
Overall, Taqa delisting represents a significant development for Abu Dhabi’s financial market. It ends the energy company’s long period as a publicly traded business. The completed buyout gives L’imad full ownership after months of increasing its stake. Now, investors await the regulatory decision that will determine when Taqa officially leaves the exchange.
