#Saudi Arabia #Dhahran #TAQA #Khalid Nouh #Adel Al-Ghadhban

TAQA Announces Leadership Change for Strategic Growth

On May 29, 2025, TAQA, the Industrialization and Energy Services Company, renowned as a global leader in energy and industrial services, revealed the upcoming leadership transition aimed at enhancing its strategic growth agenda. CEO Khalid Nouh is set to depart from his role effective May 31, 2025, ushering in a new chapter for the company.

Since his appointment in 2019, Nouh has been pivotal in sculpting TAQA into a cohesive global entity. His leadership has facilitated successful integration of various strategic acquisitions, such as Tendeka, AZR, OPT Chemicals, Cougar Drilling Solutions, and Oliden Technologies, among others. These ventures have solidified TAQA as a fully integrated energy service provider boasting over twelve service lines and a workforce of 5,500 professionals across international markets.

Under Nouh's stewardship, TAQA has embarked on a digital overhaul of its business operations, centralizing them under a unified platform. This transformation includes the establishment of Centers of Excellence in Drilling, Completions, and Intervention, along with the launch of TAQA Geothermal. These initiatives align with regional ambitions for energy transition and innovation. Furthermore, he significantly contributed to positioning ARGAS to support mining exploration initiatives, resulting in impressive revenue growth driven by strategic execution and operational excellence.

With a robust foundation laid, TAQA is now poised to accelerate its next phase of expanding market presence and fostering innovation. To lead this new endeavor, the Board of Directors has appointed Adel Al-Ghadhban as interim CEO, effective June 1, 2025. Al-Ghadhban, currently the Executive Vice President of Risk and Investment Management at TAQA, possesses over 30 years of diverse energy sector experience, which includes portfolio management and financial oversight in both the energy and manufacturing fields. He has been with TAQA for 20 years, overseeing legal, risk, and compliance functions of the company, along with guiding strategies for its portfolio enterprises.

In light of his impending departure, Khalid Nouh expressed his gratitude, stating, “It has been an extraordinary journey and a privilege to lead TAQA during a transformative period. I am proud of what we have built together — a global platform with strong capabilities focused on sustainable and profitable growth. I leave confidently in the company’s direction and leadership and excited to see it achieve even greater milestones.”

Ahmed Al Zahrani, Chairman of the Board, praised Nouh’s contributions, acknowledging his exceptional vision and dedication that transformed TAQA into a leading global service provider. He emphasized the trust placed in Al-Ghadhban to carry forward this legacy with a clear focus on performance, innovation, and growth.

Al-Ghadhban remarked, “It is an honor to assume this role at such a pivotal time in TAQA’s evolution. We have a solid foundation, a clear vision, and exceptional teams across the globe. I look forward to working closely with our people, partners, and customers to build upon our achievements and accelerate our strategic growth.”

About TAQA

Founded in 2003 and headquartered in Dhahran, TAQA provides leading well solutions for the energy industry while generating value and opportunities for all its stakeholders. The company employs over 5,500 individuals across more than 20 countries, delivering services across multiple markets. TAQA's comprehensive well solution portfolio encompasses flexible tubing and stimulation, cementing, wireline, hydraulic fracturing, directional drilling, downhole tools, completions, well testing, steel line services, inspection, H2S, and safety.