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Taqa to set up employee incentive plan
- United Arab Emirates: Wednesday, November 26 - 2008 at 14:04
Abu Dhabi National Energy Co (Taqa) has announced that it is setting up an employee incentive plan linked to its stock price. The state-owned power and oil producer 'has no intention to buy back its shares,' the company said. Taqa Chief Executive Officer Peter Barker-Homek, when asked on Nov. 24 whether the company planned to buy back shares, said that 'we have an employee stock ownership plan so we will be going into the market to cover that position', reported Bloomberg.
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Jeff Florian, Senior ReporterWednesday, November 26 - 2008 at 14:04 UAE local time (GMT+4)
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