Arab Finance: A company announced Arab Energy (Taqa)In commitment to the principle of disclosure and transparency, it is currently communicating with some companies that have a license to practice consumer financing activity, in preparation for the study of the possibility of applying to the Financial Supervisory Authority to obtain the necessary approvals to conduct a negative examination of ignorance, the company said in Its statement The sender to the Egyptian Stock Exchange.
The company explained that this step comes within the framework of studying possible opportunities to seize one of those companies, and in the event of a final visualization and after obtaining the approval of the Board of Directors, the company will disclose any fundamental developments at the time.
The company was established in 2006 and is considered the largest subsidiary of the private sector in the field of energy distribution in Egypt, where the company has the experience of Terbo over 20 years of investment and the operation of infrastructure networks for the energy sector, from natural gas distribution to generating and distributing electric energy and marketing petroleum products, and an Arab energy company provides its services through five subsidiaries, namely the gas sector, the electricity sector, the marketing and distribution of petroleum products, solar energy sector and the water sector.
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