TAQA share is up 14.4 in today's session

The share of Abu Dhabi National Energy Company jumped during the trading session on Thursday, to the highest price of 1.64 dirhams, as it approached the maximum rate determined for the rise, recording 14.65%.

For his part, the director of Al-Ansari Financial Services Company, Abdul Qader Shaath, said that the increases came after the company's board of directors intended to discuss allowing non-citizens to own the shares of the company.

The stock attracted a liquidity value of AED 49.9 million, as it snapped nearly 60% of the market's liquidity by trading a volume of shares amounting to 30.65 million shares.

TAQA had sent a statement to the Abu Dhabi Stock Exchange, stating that its board of directors would meet on November 9 to discuss permitting foreign ownership of its shares, in addition to approving the company's financial statements for the third quarter of this year.

It is worth noting that TAQA is currently owned by the Abu Dhabi Energy Corporation at a rate of nearly 99%, and within its current system, it does not allow non-citizens to own the company's shares.

Follow our latest local and sports news, and the latest political and economic developments via Google news