INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

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.