INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Khalid Al Qubaisi new ADES CEO

  • ADES, a TAQA subsidiary, is responsible for retrofitting government and commercial buildings.
  • TAQA expects the appointment shows its ambition to become a champion for low carbon power.

DUBAI: Abu Dhabi National Energy Company (TAQA) announced today the appointment of Khalid Al Qubaisi as Chief Executive Officer (CEO) of its subsidiary, Abu Dhabi Energy Services (ADES).

ADES is responsible for retrofitting government and commercial buildings by identifying, sourcing and funding solutions that deliver tangible reductions in water and electricity consumption.

Jasim Husain Thabet, TAQA’s Group CEO and Managing Director said Al Qubaisi’s business experience coupled with a solid track record in business development and stakeholder management across multiple industries will help him take ADES to the next level of growth and progress.

He said that in TAQA’s 2030 Strategy for Sustainable and Profitable Growth, ADES is mandated to grow new services in demand-side management, enabling public and private entities to realize energy savings targets.

“This appointment is an embodiment of our ambition to become a champion for low carbon power and water, by accelerating the growth of the energy services market in the emirate of Abu Dhabi,” he said.

Prior to this appointment, Al Qubaisi served in several leadership positions at Mubadala Investment Company, most recently as Vice President of Information Communication and Technology.

Al Qubaisi said he was excited to lead ADES amid an evolving landscape for Abu Dhabi’s energy efficiency sector.

“ADES will continue to build energy services offerings in the Emirate, and further leverage our skills and expertise to enable commercial and industrial clients to realize sustainability ambitions. The team has laid the groundwork for significant growth, and I look forward to working with our clients to future-proof their facilities toward a net-zero future,” he said.