Abu Dhabi Delists $81 Billion TAQA After Years Building Its Stock Market
Updated
Updated · Bloomberg · Jul 6
Abu Dhabi Delists $81 Billion TAQA After Years Building Its Stock Market
1 articles · Updated · Bloomberg · Jul 6
Summary
$81 billion TAQA is set to be taken private by Abu Dhabi, reversing part of the emirate’s years-long push to expand and deepen its equity market.
Abu Dhabi had used blockbuster IPOs of strategic state assets—including businesses tied to its energy sector—to turn its exchange into one of the Gulf’s fastest-growing markets and draw foreign investors.
The planned delisting stands out because it removes one of the market’s biggest companies after officials spent years promoting listings as a core capital-markets strategy.
The move comes as Gulf dealmaking has surged in the first half of the year, underscoring how state-backed financial strategy still shapes the region’s markets.