TAQA to recommend AED5.3 billion in total dividends for 2021

By Samantha Allen

Published: March 2, 2022 | 7:57 AM GMT

TAQA to recommend AED5.

3 billion in total dividends for 2021

ABU DHABI, 2nd March, 2022 – Abu Dhabi National Energy Company (TAQA) on Wednesday announced that it will recommend to its shareholders to approve a special dividend payment of AED2.

2 billion (2.

00 fils per share) in addition to the final payment of AED1.

2 billion (1.

10 fils per share).

This comes on top of the AED1.

9 billion (1.

65 fils per share) already paid in quarterly dividends.

Altogether, it means that the total dividend payments to shareholders will be AED5.

3 billion (4.

75 fils per share) for the financial year 2021, a company statement said today.

This total exceeds its expected payment outlined in the company’s dividend policy, with the increase reflecting the solid financial performance in 2021.

In February, TAQA reported its consolidated financial results for the year ended 31st December 2021, with net income increasing to AED6.

0 billion.

The strong financial results were underpinned by its utilities business and boosted by the strong recovery in commodity prices.

Jasim Husain Thabet, TAQA’s Group Chief Executive Officer and Managing Director, commented, “TAQA’s proposed dividend payment, totalling AED5.

3 billion for the full year, speaks to the financial strength of the company and robust performance for 2021.

We continue to meet our dividend policy and our strategic commitments while maintaining a strong balance sheet.

I want to thank our stakeholders for their ongoing trust and support.

”
TAQA’s Board of Directors endorsed the special dividend payment on 1st March and the final dividend payment on 10th February for shareholder approval at the company’s Annual General Assembly Meeting, scheduled for 15th March.

About Samantha Allen

Samantha Allen is a seasoned journalist and senior correspondent at TDPel Media, specializing in the intersection of maternal health, clinical wellness, and public policy. With a background in investigative reporting and a passion for data-driven storytelling, Samantha has become a trusted voice for expectant mothers and healthcare advocates worldwide. Her work focuses on translating complex medical research into actionable insights, covering everything from prenatal fitness and neonatal care to the socioeconomic impacts of healthcare legislation. At TDPel Media, Samantha leads the agency's health analytics desk, ensuring that every report is grounded in accuracy, empathy, and scientific integrity. When she isn't in the newsroom, she is an advocate for community-led wellness initiatives and an avid explorer of California’s coastal trails.