Arab Finance: A company’s board of directors suggested Arab Energy (Taqa)Cutting 5% of last year's profits as a legal reserve for the company, according to Statement The Egyptian Stock Exchange.
He also suggested distributing profits to workers, provided that this percentage does not exceed the total annual wages, and to deport the rest of the profits for the coming years.
On the results of her assembled and unacceptable business for the period from 01/01/2024 to 12/31/2024, a net profit achievement showed Assembly It amounted to 702.033 million pounds, compared to a net profit of a complex, which amounted to 557.208 million pounds for the same period in the previous year.
The results also showed from the period from 01/01/2024 to 12/31/2024 Independent It amounted to 578.005 million pounds, compared to an independent net profit of 186.751 million pounds for the same period in the previous year.
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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