Abu Dhabi National Energy Company, known as Taqa, announced that its shareholders have approved the formation of a new board of directors during the recent annual general meeting. The shareholders also agreed to the board’s recommendation to distribute a final cash dividend of 2.20 fils per share for the fourth quarter of 2025, which includes a fixed dividend of 1.5 fils per share and a variable dividend of 0.70 fils per share.
As a result, the total dividend for the fiscal year ending December 31, 2025, will amount to 4.45 fils per share, translating to approximately 5 billion dirhams, including interim distributions previously announced in May, August, and November of 2025.
Taqa has adopted a new dividend policy for the years 2026 to 2028, which was published on the Abu Dhabi Securities Exchange website on February 12, 2026. This policy maintains both fixed and variable components of the annual dividends and is expected to see an annual increase in fixed dividends.
Shareholders elected members to the board of directors for a three-year term, including His Excellency Jasim Mohamed Bu Ataba Al Zaabi, who will serve as the chairman and an independent non-executive director, and His Excellency Dr. Sultan Ahmed Al Jaber, who will be the vice chairman and an independent non-executive director.
The board will also include His Excellency Mohammed Ali Al Shorfa Al Hamadi, an independent non-executive director; His Excellency Dr. Abdullah Hamid Al Jrouan, an independent non-executive director; Kamal Issaq Al Mazmi, an independent non-executive director; Buthaina Abdullah Al Mazrouei, an independent non-executive director; Mona Ali Al Zaheri, an independent non-executive director; and Hamad Abdullah Al Hamadi, an independent non-executive director.
Additionally, Khalid Mohamed Al Zaabi, an independent non-executive director; Hamsa Barama Shadaksharapa, an independent non-executive director; and Jasim Hussain Thabet, group CEO and managing director, also hold positions on the board.
His Excellency Jasim Mohamed Bu Ataba Al Zaabi, the newly appointed chairman, stated, “Taqa has established itself as a leading integrated utility in the region, playing a crucial role in supporting the sustainable economic growth of Abu Dhabi and its energy sector transformation. I look forward to collaborating with the board to build upon the solid foundations of the company and expedite the realization of its strategic ambitions.”
Jasim Hussain Thabet, the group CEO and managing director, added, “We are eager to work under the guidance of the new board to achieve the next phase of Taqa’s evolution, stemming from the growth and transformation journey that has enabled Taqa to gain global recognition as a leader in providing reliable and sustainable electricity and water.”
The new board of directors will closely collaborate with the executive management team at Taqa to oversee the continuous implementation of the company’s strategy, ensuring long-term electricity and water security in Abu Dhabi, while advancing the company’s disciplined international expansion efforts to achieve sustainable long-term value for shareholders.