Abu Dhabi energy giant Taqa said yesterday it was considering ways to increase investor interest in its shares.
The oil and gas operator said it was looking at options to boost the liquidity of its stock, but added it had not taken any steps to open up its shares to foreign investors.
Taqa is 75%-owned by the Abu Dhabi government, while foreigners are not allowed to trade in the remaining stock listed on the country’s stock market.
Responding to reports it was mulling a dual listing on the Stock Exchange, the business said: “Taqa confirms it is exploring opportunities to enhance the liquidity of its shares traded on the Abu Dhabi exchange, but has not taken any decisions in this regard.
“Currently, foreign ownership of Taqa shares is not possible and we have not applied for any change to that.”
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