TAQA was established in 2003. The Saudi Government, through the Public Investment Fund, owns 45% of TAQA, while the remaining 55% is owned collectively by Joint Stock Companies and several private and industrial investors representing a cross-section of the Saudi industrial community. To facilitate its ambitious growth plans, TAQA’s share capital was increased in May 2006 from SR 533 million to SAR 2,000 million and to 5,000 million in November 2015.
TAQA is a regional player contributing to Saudi Arabia’s 2030 vision and one of the pillars of the Kingdom’s economic evolution.
As the country’s national oil field services company, we are committed to strengthening the sector and meeting the long-term needs of Saudi Arabia.
TAQA continues to pursue research, technology and innovation to help the energy sector thrive in the changing global landscape and drive sustainable growth.