• News & Knowledge
  • 9 October 2023

TAQA announced the divestiture of its stake in Air Liquide Arabia (ALAR)

Dhahran, Kingdom of Saudi Arabia – 09 October 2023: The Industrialization and Energy Services Company (“TAQA”) announced today the completion of the sale of its stake in Air Liquide Arabia Limited Company (“ALAR”).

“This transaction is in line with TAQA’s strategy to rationalize our non-core portfolio and divest investments that are not in line with our growth plan, the proceeds will enable us to further invest in growing our core organically and acquire more technologies to further enhance TAQA Well Solutions offering.”
Khalid Nouh, TAQA’s Chief Executive Officer

About TAQA

Founded in 2003, TAQA is an international company headquartered in Dharan that offers leading well solutions for the energy industry and is creating value and opportunity for all its stakeholders. TAQA has more than 5,000 people in more than 20 countries and serves multiple markets. TAQA offers a complete well solutions portfolio that includes Coiled Tubing and Stimulation, Cementing, Wireline, Frac, Directional Drilling, Downhole Tools, Completions, Well Testing, Slickline, Inspection, H2S Safety, and Logging and Perforating.

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