Pakinam Kafafi, Egyptian Executive, Leads Taqa Arabia To 370 Million In Revenue For 2024
- The companys revenue surged to EGP18.9 billion 373 million in 2024, driven by rising energy demand and strategic expansions across Egypt.
- TAQA Arabia strengthens its market position through acquisitions and a 3.4 billion green ammonia project with Voltalia near Ain Sokhna port.
- Partnering with DiDi Egypt, TAQAs Master Gas unit promotes CNG adoption, offering cost-effective conversion solutions to cut emissions and fuel costs.
TAQA Arabia, the Cairo-based energy distribution giant led by Egyptian executive Pakinam Kafafi, wrapped up its 2024 fiscal year with a strong financial performance, as revenue surged past 370 million. The companys growth was driven by increasing energy demand and strategic expansion efforts, reinforcing its position as a key player in Egypts energy sector.
TAQA Arabias revenue surges 40 percent in 2024According to its financial statement, TAQA Arabias revenue climbed 40 percent, rising from EGP13.46 billion 265.5 million in 2023 to EGP18.9 billion 373 million in 2024. This was fueled by growing demand for energy and the companys role as a leading provider of energy and utility services across the country. With expertise in building, operating, and maintaining energy infrastructure, TAQA Arabia continues to play a crucial role in Egypts energy landscape.
The companys revenue growth also led to higher profits, with earnings increasing from EGP641.5 million 12.65 million to EGP790 million 15.6 million. Basic and diluted earnings per share EPS improved as well, rising from EGP0.41 0.008 in 2023 to EGP0.51 0.01 in 2024, according to its consolidated income statement.
Pakinam Kafafi leads TAQAs bold expansionServing over 1.7 million individuals and businesses across Egypt, TAQA Arabia continues to expand beyond energy distribution. The company also provides essential water treatment and desalination services, further strengthening its presence in the utilities sector.
Under Pakinam Kafafis leadership, TAQA Arabia has aggressively expanded its market presence through strategic acquisitions. It has integrated several major gas distribution firms, including BG, ENI, Edison, and AMEC, enhancing its competitive edge in Egypts energy market.