Abu Dhabi, UAE – Abu Dhabi National Energy Company – Taqa announced the completion of the deal to sell its 49% stake in Masar Solutions to Tasweef Capital.
The company explained that the deal does not have any fundamental impact on its financial situation.
Masar Solutions is a semi-governmental company operating in the UAE since 1998, and was an energy company that owned a 49% stake in it. Meanwhile, Invest AD, a subsidiary of Mubadala, owns a 50% stake.
The company provides transportation services and mobility solutions to governmental and semi-governmental agencies and the private sector. Including vehicle leasing, fleet management, supply chain solutions, and intelligent driving technologies. It also owns and operates a fleet of approximately 9,000 vehicles, in addition to managing more than 7,000 other vehicles.
