TAQA H1 2021 Results - Energy Transition and Financial Performance
Merger timeline and key milestones
Q1 2020
Q2 2020
Q3 2020
Q4 2020
Q1 2021
Q2 2021
Q3 2020
3 February
Transaction
announcement
(ADPower offer
to TAQA)
6 April
TAQA Board of
Directors approval
29 April
TAQA Annual General
Assembly approval
1 July
3 August
Initial Strategy
Direction published
Transaction close and new
management
Moody's standalone / final
credit ratings upgrade
(to baa1/Aa3 stable)
3 July
Fitch standalone / final
credit ratings upgrade
(to bbb+/AA-stable)
5 July
TAQA commitment to
maintaining solid
investment grade
standalone credit ratings
13 December
Shareholders
approve new
dividend policy and
interim cash
dividend paid (first
time since 2013)
10 November
Q3 2020 proforma and
statutory financials,
first for combined entity
Increase FOLs to 49%
from 0%
Propose dividend policy
for shareholder approval
24 March
2030 strategy
update
announcement
18 March
Final dividends and
Board expansion at
Annual General
Assembly
14 February
FY 2020 proforma financials
and final dividend proposed
(in line with dividend policy)
5 May
Q1 2021
results
1 September
Oil & Gas
strategic review
announced
19 April
11 August
Bond tender offer
and new issue
launch
H1 2021 results
11
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