Arab Finance: Taqa Arabia has submitted a non-binding purchase offer to acquire a stake in Wataniya Petroleum, according to a disclosure filed to the Egyptian Exchange (EGX).
Moreover, the company has been qualified for the second stage of competing for the stake in Wataniya.
Accordingly, Taqa Arabia has been invited to conduct the due diligence process on Wataniya.
Taqa Arabia is a leading energy and utility provider that has been recently listed on the EGX under the ticker symbol (TAQA.CA).