TAQA to Experience Leadership Shift as Part of Growth Strategy in Saudi Arabia

TAQA's Leadership Transition: A Strategic Move Towards Expansion

TAQA, an industrial and energy services leader based in Saudi Arabia, is poised to embrace significant changes in its leadership as part of its strategic growth agenda. The firm has announced that Khalid Nouh will step down from his position as the Chief Executive Officer on May 31, 2025. This move indicates the company’s commitment to continuous development and long-term growth in the evolving energy sector.

A Look Back at Khalid Nouh’s Tenure

Since his appointment in 2019, Khalid Nouh has made notable contributions to TAQA, transitioning the organization into a unified global entity. Under his leadership, the company successfully integrated several value-driven acquisitions, thereby expanding its portfolio significantly. Key acquisitions included Tendeka, AZR, OPT Chemicals, and more, which helped establish TAQA as a fully integrated energy service provider offering over a dozen services worldwide with a workforce of about 5,500 employees.

Khalid's tenure also marked TAQA's strides in digital transformation, establishing centers of excellence in drilling and interventions. Moreover, with the establishment of TAQA Geothermal, the company aligned itself with regional energy transition goals. His period in charge was characterized by impressive growth metrics driven by effective strategic implementation and operational excellence, fortifying TAQA’s position as a marketplace leader.

The Path Forward

As TAQA sets its eyes on increasing market presence and innovation, the board has appointed Adel Al-Ghadhban as the Interim Chief Executive Officer, effective June 1, 2025. Adel, who has over three decades of diverse experience in the energy sector, has been with TAQA for 20 years in various pivotal roles, including portfolio management and strategic direction. He is widely regarded for his leadership in legal, risk, and compliance areas within the organization.

Khalid Nouh expressed gratitude for the opportunity to lead during such transformative years, highlighting the pride he takes in what the organization has built: a robust platform centered on sustainable and profitable growth. As he exits, his confidence in TAQA’s future direction and leadership remains strong, ensuring continuity of vision and mission.

Chairman Ahmed Al Zahrani acknowledged Khalid’s vision and commitment, stating his key role in positioning TAQA as a global leader in energy services, and expressed confidence in Adel's ability to take TAMQA’s legacy forward emphasizing performance, innovation, and growth.

Adel Al-Ghadhban, upon being appointed the interim CEO, shared his enthusiasm for stepping into this critical role at such an exciting phase for TAQA. He remains committed to collaborating with employees, partners, and clients to build upon past successes and accelerate the firm's strategic growth trajectory.

TAQA, founded in 2003, has established itself as an international company providing leading drilling solutions for the energy sector, creating value and opportunities for all its stakeholders. The company operates in more than 20 countries and houses a diverse portfolio of drilling services including Coiled Tubing, Cementing, Fracking, and more, leading the charge in the energy industry's ongoing evolution.