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Acwa Power CEO Marco Arcelli on the SAR 7.1 bn rights issue
“A rights issue allowed us to raise significant capital while prioritizing our existing shareholders,” he said
Acwa Power consortium lands over SAR 30 bn of power purchase agreements for solar, wind projects from SPPC
The agreements cover 5 solar and 2 wind projects
Saudi + Indonesia sign USD 27 bn in private sector agreements
The agreements were signed during the first Saudi-Indonesian Supreme Coordination Council
Acwa Power’s SAR 7 bn rights issue is pending shareholder approval. PLUS: D360 Bank approves SAR 450 mn capital increase
The move is part of the company’s strategy to triple its AUM by 2030
Acwa Power plans USD 10 bn energy push in Malaysia
The renewables giant is targeting up to 12.5 GW of generation capacity in the country by 2040
Acwa Power gets the green light for SAR 7.1 bn rights issue
The offering’s size and price will be announced at a later stage
Acwa Power signs USD 500 mn worth of agreements with US companies
The agreements were signed on the sidelines of the Saudi-US Investment Forum
Bupa Arabia, Bahri, Acwa Power, ELM and more post 1Q earnings
Acwa Power plans to expand its operations in China and Bahrain
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