Abu Dhabi’s Taqa Names Al Ahbabi Acting CFO to Replace Gillon

  • Al Ahbabi, deputy finance chief, takes new role Sept. 1
  • Abu Dhabi utility may sell bonds to refinace debt due in 2017

Ed Morse: Mideast Can Thrive With Oil Price Below $70

Abu Dhabi National Energy Co., the government-controlled utility known as Taqa, named Mohammed Al Ahbabi as acting chief financial officer to replace Grant Gillon as the company works to cut borrowing costs amid lower oil prices that have eroded profit.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.