37. TAQA Arabia *
Sector: Utilities
CEO: Pakinam Kafafi
Market Value: $299 million
Sales: $281 million
Profits: $13 million
Assets: $362 million
TAQA Arabia is a private sector group in energy distribution and its integrated services. It serves over 1.7 million customers across Egypt with natural gas, electricity, renewable energy, petroleum products, and water. In 2023, it added 14 new compressed natural gas fueling stations to its network, bringing the total number to 75 stations. In June 2023, the company was listed on the Egyptian Exchange with an issued capital of $21.8 million. The National Service Projects Organization owns a 20% stake in the group as of April 2024.