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Company prepares for the next phase of profitable growth, market expansion, and digital transformation.
DHAHRAN, Saudi Arabia, May 29, 2025 /PRNewswire/ -- Industrialization and Energy Services Company ("TAQA"), a global leader in energy and industrial services, today announced that Khalid Nouh will step down from his role as Chief Executive Officer, effective 31 May 2025, as part of the company's ongoing evolution and long-term strategic growth agenda.
Since his appointment in 2019, Khalid Nouh has been instrumental in transforming TAQA into a unified global organization. Under his leadership, the company successfully integrated a series of value-driven acquisitions, including Tendeka (Completions), AZR (Wireline), OPT Chemicals, Cougar Drilling Solutions, Oliden Technologies, and AlMansoori Petroleum Services (AMPS). These integrations positioned TAQA as a fully integrated energy services provider with more than twelve service lines and 5,500 employees across global markets.
During his tenure, TAQA digitized its business operations under a single platform, launched Centers of Excellence in Drilling, Completions, and Intervention, and established TAQA Geothermal, aligning the company with regional energy transition ambitions. Additionally, Khalid played a key role in positioning ARGAS to support mineral exploration initiatives. Under his guidance, the company achieved remarkable revenue growth, driven by strategic execution and operational excellence.
With this solid foundation in place, TAQA is now focused on accelerating its next phase—expanding market presence and driving innovation.
To lead this new chapter, the Board of Directors has appointed Adel Al-Ghadhban as Interim Chief Executive Officer, effective 1 June 2025.
Al-Ghadhban currently serves as Executive Vice President – Ventures & Chief Investment Officer and brings over 30 years of experience in multiple energy sectors including portfolio management and finance across the energy and manufacturing sectors, including 20 years with TAQA. He was responsible for leading the company's group legal, risk, and compliance functions, and guiding strategy for TAQA's portfolio companies. He also serves on the boards of several TAQA subsidiaries, including ARGAS as Vice Chairman, Cougar Drilling Solutions, TAQA Drilling Solutions (Canada), and was in board leadership roles at ALAR and JESCO.
Khalid Nouh, Outgoing CEO, said:
"It has been an extraordinary journey and a privilege to lead TAQA through a period of remarkable growth and transformation. I am proud of what we've built together—a global platform with strong capabilities and a focus on sustainable, profitable growth. I leave confident in the company's direction and leadership, and excited to see it reach even greater heights."
Ahmed Al Zahrani, Chairman of the Board, stated:
"On behalf of the Board, I want to thank Khalid Nouh for his exceptional vision and dedication. He played a pivotal role in shaping TAQA into the global leader it is today—delivering on strategy, strengthening our service offering, and transforming the organization into ONE TAQA. As we look to the future, we are confident that Adel Al-Ghadhban will build on this legacy with a sharp focus on performance, innovation, and growth."
Adel Al-Ghadhban, Interim CEO, commented:
"I am honored to take on this role at such a defining moment in TAQA's evolution. We have a strong foundation, a clear vision, and exceptional teams around the world. I look forward to working closely with our people, partners, and clients to build on our achievements and accelerate our strategic growth."
About TAQA
Founded in 2003, TAQA is an international company headquartered in Dharan that offers leading well solutions for the energy industry and is creating value and opportunity for all its stakeholders. TAQA has more than 5,500 people in more than 20 countries and serves multiple markets. TAQA offers a complete well solutions portfolio that includes Coiled Tubing and Stimulation, Cementing, Wireline, Frac, Directional Drilling, Downhole Tools, Completions, Well Testing, Slickline, Inspection, and H2S & Safety.
www.tq.com
Company prepares for the next phase of profitable growth, market expansion, and digital transformation.
DHAHRAN, Saudi Arabia, May 29, 2025 /PRNewswire/ -- Industrialization and Energy Services Company ("TAQA"), a global leader in energy and industrial services, today announced that Khalid Nouh will step down from his role as Chief Executive Officer, effective 31 May 2025, as part of the company's ongoing evolution and long-term strategic growth agenda.
Since his appointment in 2019, Khalid Nouh has been instrumental in transforming TAQA into a unified global organization. Under his leadership, the company successfully integrated a series of value-driven acquisitions, including Tendeka (Completions), AZR (Wireline), OPT Chemicals, Cougar Drilling Solutions, Oliden Technologies, and AlMansoori Petroleum Services (AMPS). These integrations positioned TAQA as a fully integrated energy services provider with more than twelve service lines and 5,500 employees across global markets.
During his tenure, TAQA digitized its business operations under a single platform, launched Centers of Excellence in Drilling, Completions, and Intervention, and established TAQA Geothermal, aligning the company with regional energy transition ambitions. Additionally, Khalid played a key role in positioning ARGAS to support mineral exploration initiatives. Under his guidance, the company achieved remarkable revenue growth, driven by strategic execution and operational excellence.
With this solid foundation in place, TAQA is now focused on accelerating its next phase—expanding market presence and driving innovation.
To lead this new chapter, the Board of Directors has appointed Adel Al-Ghadhban as Interim Chief Executive Officer, effective 1 June 2025.
Al-Ghadhban currently serves as Executive Vice President – Ventures & Chief Investment Officer and brings over 30 years of experience in multiple energy sectors including portfolio management and finance across the energy and manufacturing sectors, including 20 years with TAQA. He was responsible for leading the company's group legal, risk, and compliance functions, and guiding strategy for TAQA's portfolio companies. He also serves on the boards of several TAQA subsidiaries, including ARGAS as Vice Chairman, Cougar Drilling Solutions, TAQA Drilling Solutions (Canada), and was in board leadership roles at ALAR and JESCO.
Khalid Nouh, Outgoing CEO, said:
"It has been an extraordinary journey and a privilege to lead TAQA through a period of remarkable growth and transformation. I am proud of what we've built together—a global platform with strong capabilities and a focus on sustainable, profitable growth. I leave confident in the company's direction and leadership, and excited to see it reach even greater heights."
Ahmed Al Zahrani, Chairman of the Board, stated:
"On behalf of the Board, I want to thank Khalid Nouh for his exceptional vision and dedication. He played a pivotal role in shaping TAQA into the global leader it is today—delivering on strategy, strengthening our service offering, and transforming the organization into ONE TAQA. As we look to the future, we are confident that Adel Al-Ghadhban will build on this legacy with a sharp focus on performance, innovation, and growth."
Adel Al-Ghadhban, Interim CEO, commented:
"I am honored to take on this role at such a defining moment in TAQA's evolution. We have a strong foundation, a clear vision, and exceptional teams around the world. I look forward to working closely with our people, partners, and clients to build on our achievements and accelerate our strategic growth."
About TAQA
Founded in 2003, TAQA is an international company headquartered in Dharan that offers leading well solutions for the energy industry and is creating value and opportunity for all its stakeholders. TAQA has more than 5,500 people in more than 20 countries and serves multiple markets. TAQA offers a complete well solutions portfolio that includes Coiled Tubing and Stimulation, Cementing, Wireline, Frac, Directional Drilling, Downhole Tools, Completions, Well Testing, Slickline, Inspection, and H2S & Safety.
www.tq.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
TAQA Saudi Arabia Announces CEO Transition as Part of Strategic Growth Agenda
BRISBANE, Australia, Jan. 12, 2026 /PRNewswire/ -- Budget Direct has been awarded the prestigious and inaugural title of 'Insurer of the Year' in the 2026 Finder Provider of the Year Awards, firmly cementing its position as a leading insurance choice for Australians seeking exceptional value and reliable coverage.
This landmark achievement is complemented by a sweep of category awards with a total of five wins for Budget Direct, the most awards for any provider. These include the overall 'Insurer of the Year' title, Pet Insurance – Insurer of the Year, and Car Insurance – Insurer of the Year across New South Wales, South Australia and Western Australia.
The Finder Provider of the Year Awards showcase the providers and brands who offer top-rated products and have the most satisfied customers. Budget Direct's wins solidify its reputation as a standout insurance industry performer and Australia's most award-winning insurer.
These latest accolades join a formidable collection of 95 Finder Awards won since 2017, including 20 Car Insurance wins, and 49 Customer Satisfaction Awards since 2022, underscoring Budget Direct's enduring commitment to both product quality and exceptional customer experience
| Awards | Finder Provider of the Year Awards 2026 |
| Category | Insurer of the Year 2026 (Overall) |
| Winner | Budget Direct |
| Provider of the Year Wins | Most Provider of the Year Awards of any brand with 5 wins Car Insurance NSW - Insurer of the Year Car Insurance SA - Insurer of the Year Car Insurance WA - Insurer of the Year Pet Insurance - Insurer of the Year |
| Product Wins | Won 3 product awards Best Value Car Insurance Best Value Pet Insurance Best Low Cost Car Insurance |
| Historical Track Record | 95 Finder Awards since 2017 20 Car Insurance Wins since 2017 49 Customer Satisfaction Awards since 2022 (including 14 wins) |
Awards
Finder Provider of the Year Awards 2026
Category
Insurer of the Year 2026 (Overall)
Winner
Budget Direct
Provider of the Year Wins
Most Provider of the Year Awards of any brand with 5 wins
Car Insurance NSW - Insurer of the Year
Car Insurance SA - Insurer of the Year
Car Insurance WA - Insurer of the Year
Pet Insurance - Insurer of the Year
Product Wins
Won 3 product awards
Best Value Car Insurance
Best Value Pet Insurance
Best Low Cost Car Insurance
Historical Track Record
95 Finder Awards since 2017
20 Car Insurance Wins since 2017
49 Customer Satisfaction Awards since 2022 (including 14 wins)
Jonathan Kerr, Chief Growth Officer at Budget Direct said the awards were even more proof that Budget Direct is upholding its promise to customers to provide exceptional cover at a competitive price, having paid out more than $1.5 billion on claims in the past twelve months.
"Winning the inaugural 'Insurer of the Year' is a powerful testament to our unwavering commitment to providing Australians with exceptional value without compromising on quality," said Kerr.
"In a landscape where household budgets are under increasing pressure, consumers are actively seeking the best value for their essential services. This award from Finder, a trusted voice in consumer comparison, validates our core mission: to deliver consistently low premiums backed by robust coverage and reliable service," added Kerr.
Graham Cooke, head of consumer research at Finder, said Budget Direct is a standout performer in Finder's Provider of the Year Awards 2026.
"Taking home five wins – the most of any brand this year – proves Budget Direct is a powerhouse in the Australian market.
"We are particularly thrilled to crown them our inaugural 'Insurer of the Year' award. This new flagship award is designed to identify the best of the best by combining our extensive set of product data with our customer satisfaction survey of 60,000 Aussies.
"With insurance prices increasing in most categories, Australians should look for the best deal for them. Budget Direct's 2026 sweep makes them a great brand to consider," Cooke said.
Winning the overall 'Insurer of the Year' award signifies a new level of industry recognition for Budget Direct and is the result of ongoing innovation in policy design, operational efficiencies and a relentless focus on customer satisfaction.
Budget Direct will continue to meet increasing consumer demands for great insurance products at a competitive price with an unwavering commitment to Insurance Solved® for Australians.
Read more about the 2026 Finder Awards.
Get a quote for one of Budget Direct's award-winning insurance policies.
DISCLAIMER
Insurance (excluding Pet, Life & Travel Insurance) is issued by Auto & General Insurance Company Limited (ABN 42 111 586 353, AFSL 285571) (AGIC) and arranged by Auto & General Services Pty Ltd (ABN 61 003 617 909, AFSL 241411) (AGS) PO Box 342, Toowong QLD 4066.
Budget Direct Pet Insurance is issued by AGIC, administered by Pet Health Insurance Services Pty Ltd (ABN 59 638 910 675) as Authorised Representative (AR no. 1282153) of AGIC and promoted by AGS.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Budget Direct Crowned Inaugural Australian 'Insurer of the Year', Leading All Providers With Five Major Wins in the 2026 Finder Awards
Budget Direct Crowned Inaugural Australian 'Insurer of the Year', Leading All Providers With Five Major Wins in the 2026 Finder Awards
