TAQA Arabia
Cairo-based energy and utility group listed on the Egyptian Exchange. It runs gas distribution, power, petroleum marketing and water treatment businesses and manages the Wataniya fuel stations moving to Quick Fuel.
Industry: Energy and utilities | Location: Cairo, Egypt | Founded: 2006
About TAQA Arabia
TAQA Arabia is a Cairo-based energy and utility group whose shares trade on the Egyptian Exchange under the ticker TAQA. Its website describes four platforms: TAQA Gas, TAQA Power, TAQA Petroleum and TAQA Water. The head office is in the Maadi district of Cairo, and the site lists about 3,400 employees.
The company was founded in 2006 as a holding company. According to its management page, Khaled Abu Bakr co-founded it, served as chief executive until 2013 and has been chairman since. Pakinam Kafafi, a founding member, has been chief executive since 2013, and Peter Mofeed is chief financial officer.
TAQA Gas builds and operates gas transmission and distribution networks and, according to the site, manages eight gas concessions across 55 cities, plus compressed natural gas stations under the Master Gas brand. TAQA Power builds and operates power plants and distribution networks. TAQA Petroleum sells fuel through branded retail stations and runs storage terminals in Suez and Alexandria. TAQA Solar owns a 65 MW photovoltaic plant at Benban in Aswan, which began commercial operation in February 2019. TAQA Water designs and operates water treatment and desalination systems.
The company lists a 2022 acquisition of Rosetta Energy's LNG arm and a 2023 listing on the Egyptian Exchange. In 2024 it signed a green hydrogen framework agreement worth up to US$3.4 billion. In August 2026 it agreed gas sales with Tanzania Petroleum Development Corporation and Africa50 for a small-scale LNG project, and in September 2026 it began a gas pipeline in Jordan.
Egypt Oil and Gas reported in June 2026 that the National Service Projects Organization holds 20 percent of TAQA Arabia and Qalaa Holdings 6.2 percent. For the first half of 2026 the company reported consolidated revenue of EGP 15.46 billion and net profit of EGP 577.9 million, up 34 and 65 percent on a year earlier.
In June 2026 TAQA Arabia agreed to acquire 10 percent of Quick Fuel, the new company that will hold 172 Wataniya fuel stations, and to manage the network under a separate contract, with an option on a further 15 percent after a listing.
Leadership
- Khaled Abu Bakr, Co-founder and Chairman
- Pakinam Kafafi, Chief Executive Officer
- Peter Mofeed, Chief Financial Officer
- Tarek El-Hawary, Managing Director, TAQA Gas