The future entry of Taqa into Naturgy’s shareholding (which might make the holding firm Emirati power firm in the majority shareholder of the Spanish power firm) is an operation with many necessary names on the desk. One of them, key to understanding the Emirati touchdown in Naturgy, is that of Mohamed Hassan Alsuwaidi, a hyperlink between the firm and the authorities of the United Arab Emirates, which has complete management over it.
Alsuwaidi had intensive expertise, having held necessary positions as supervisor in Emirati investments in a number of sectors, earlier than changing into half of ADQ, the Emirati sovereign fund which controls, by way of its subsidiary ADPower, the Taqa power firm, of which he is additionally president. His function on this and different Emirati investments overseas is not shocking: he is additionally Minister of Investment of the United Arab Emirates.
Minister, president of Taqa and director of numerous Emirati firms
Before ADQ and the Emirati Government, Mohamed Hassan Alsuwaidi was a director of Mubadala Investment Company, a holding firm of investments straight managed by the authorities of the Emirates (majority shareholder of Cepsa with management over 60% of the firm), the place he was supervisor in a number of key investments in sectors similar to steel, mining, actual property, expertise, infrastructure or agriculture, amongst others.
With this expertise, Alsuwaidi went on to lead the Investment portfolio in the Emirati authorities and occupy the place of ADQ CEOas well as to the cost of president of Taqa and Pure Health, the nation’s well being community. Additionally, he is vp of Abu Dhabi Future Energy Company (Masdar), as explained on the website of the holding company.
In addition to these fees, Alsuwaidi holds a quantity of positions that place it as a code identify to perceive the Emirati funding community and the relationship between the nation’s firms and the Government’s direct participation in them: is a member of the board of administrators of up to seven firms beneath state management or participationamongst them the National Nuclear Energy Company, ADNOC Gas, the Investment Authority or the Abu Dhabi Pension Fund.
