Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
A subsidiary of L’IMAD Holding has entered into an agreement with 2PointZero Group to acquire its full shareholding in Abu Dhabi National Energy Company (TAQA), according to stock market disclosures.
“The transaction forms part of Two Point Zero Group’s ongoing strategic initiatives and portfolio optimisation efforts,” the disclosure said.
In a press release giving further details of the transaction, 2PointZero Group said it had completed the sale of its full 7.29% stake in TAQA to Abu Dhabi Power Corporation, an indirect and wholly owned subsidiary of L’IMAD Holding Company.
2PointZero said the transaction supports portfolio optimisation and strengthens the group’s liquidity position, with proceeds to be deployed into high-growth opportunities across core sectors in energy and consumer.
The group said the exit further strengthens its financial position and enhances its flexibility to pursue attractive opportunities across its core sectors.
With Dh135 billion in assets and Dh9.5 billion of cash at the end of the first quarter, 2PointZero said it will be positioned, following completion of the transaction, with one of the strongest balance sheets in the region, a net debt-to-equity ratio of 0.17 times and net debt-to-EBITDA of about two times.
The company said this financial strength provides significant flexibility to deploy capital into high-quality, cash-generative businesses targeting an internal rate of return of more than 15%, while maintaining a conservative leverage profile.
His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of 2PointZero, said, “In today’s market environment, liquidity and flexibility are strategic advantages. This transaction enables us to continue the global diversification of our portfolio and recycle our capital, while strengthening our balance sheet.”
Syed Basar Shueb, CEO and Managing Director of IHC, said, “This transaction is a clear proof point of our stated objective to reduce exposure to minority investments and free up capital to double down on the networks we are building across our core sectors. That is how we recycle capital from individual investments into connected value chains, ensuring every dirham we deploy works harder for our shareholders.”
Samia Bouazza, CEO of 2PointZero, said: “This transaction strengthens our balance sheet, and allows us to deploy capital where we see the strongest long-term returns for shareholders. Following our successful 2025 exit from PAL Cooling Holding, this further reinforces our capital recycling strategy. Now is the time when sitting on cash becomes a strategic advantage.”
“Combined with our Dh9.5 billion group cash position as at the end of Q1, this gives us substantial headroom to deploy across strategic sectors such as energy, mining, consumer, food and packaging businesses globally, and optimise our capital structure and balance sheet,” Bouazza added.
In a separate disclosure, TAQA said Abu Dhabi Power Corporation, an indirect and wholly owned subsidiary of L’IMAD Holding Company, completed the acquisition of 9,095,702,934 additional shares in TAQA on June 10, 2026.
As a result of the transaction, Abu Dhabi Power Corporation’s shareholding in TAQA increased by 8.09%, with L’IMAD Holding, through Abu Dhabi Power Corporation, now owning 98.12% of TAQA’s issued share capital.
The financial value of the transaction was not disclosed.
