{"id":95487,"date":"2025-03-20T00:00:00","date_gmt":"2025-03-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/acwa-eyes-malaysian-investments\/"},"modified":"2025-03-20T00:00:00","modified_gmt":"2025-03-20T00:00:00","slug":"acwa-eyes-malaysian-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/20\/acwa-eyes-malaysian-investments\/","title":{"rendered":"Acwa eyes Malaysian investments"},"content":{"rendered":"

\n

CLIMATE-<\/p>\n

<\/strong>Acwa eyes<\/strong> Malay<\/strong>sian investments: <\/strong>Acwa Power is conducting feasibility studies with Malaysia\u2019s Uem Lestra Berhad<\/a> to establish independent water and power facilities in Malaysia, Acwa said in a statement<\/a> on Tuesday. The studies will evaluate the implementation of seawater reverse osmosis technology desalination plants with a daily capacity between 200k-400k cubic meters of water. The pair will also explore incorporating large-scale solar farms \u2014 either on the ground or floating \u2014 linked to battery energy storage systems, combined cycle gas turbine solutions, or a combination of both.<\/p>\n

REMEMBER\u2013 <\/strong>Acwa Power had plans last year to invest USD 10 bn<\/a> in Malaysia over the next decade. The proposed \u201cenergy projects\u201d in Malaysia were to be implemented with Malaysian integrated renewable energy provider Cypark Resources.<\/p>\n

\n

CAPITAL MARKETS-<\/p>\n

Wealth management firm <\/strong>Merill Lynch KSA<\/a><\/strong> secured approval to provide market-making <\/strong>services for 20<\/strong> listed securities<\/strong> split evenly between Tadawul\u2019s main market and Nomu, effective today, the Saudi Exchange said in a statement<\/a>. The firm will maintain specific obligations for each stock The firm will adhere to the market-maker obligations on each stock, including minimum quote presence, size requirements, and spread caps. <\/p>\n

On the main market<\/strong>: Merrill Lynch will serve as market maker, with spreads mostly capped at 0.75%, for Naseej International Trading<\/a>, the National Company for Glass Industries (Zoujaj)<\/a>, the National Company for Learning and Education<\/a>, Al Hassan Ghazi Ibrahim Shaker<\/a>, Sustained Infrastructure Holding<\/a>, Theeb Rent a Car<\/a>, Saudia Dairy and Foodstuff Company (SADAFCO)<\/a>, Dallah Healthcare<\/a>, Gulf Insurance Group<\/a>, and Aldawaa Medical Services<\/a>. <\/p>\n

On the parallel market<\/strong>: Lynch will also act as a market maker, with spreads generally capped at 5%, for Atlas Elevators General Trading and Contracting<\/a>, Shams Tourism<\/a>, Riyadh Steel<\/a>, Sure Global Tech<\/a>, Ladun Investment<\/a>, MOBI Industry<\/a>, Molan Steel<\/a>, Fesh Fash Snack Food Production<\/a>, Yaqeen Capital<\/a>, and Lana Medical<\/a> on Nomu.<\/p>\n

\n

E-COMMERCE-<\/p>\n

Alshay<\/a><\/strong>a Group<\/a><\/strong>\u2019s brands joined the GCC marketplace of Trendyol<\/strong>, a Turkish e-commerce platform, according to a press release<\/a>. American Eagle, Bath & Body Works, and H&M are now available on Trendyol for shoppers in Saudi Arabia, with more brands to come. <\/p>\n

About Trendyol:<\/strong> Istanbul-based e-commerce platform Trendyol was founded in 2010 and connects customers with local and global brands. The Kingdom currently accounts for 80% of the platform's orders during peak periods in the Gulf.<\/p>\n

\n

ART-<\/p>\n

Manga Pr<\/strong>oductions partnered with Sela to attract Japanese entertainment to <\/strong>Riyadh <\/strong>Season: <\/strong>Misk<\/a> \u2019s subsidiary Manga Productions<\/a> inked a partnership agreement with the PIF\u2019s entertainment and investments arm Sela<\/a> to collaborate on attracting Japanese entertainment brands to Riyadh Season, state news agency SPA<\/a> reports.<\/p>\n

\n

AI-<\/p>\n

Aramco-backed Norwegian software firm, <\/strong>Cognite<\/a><\/strong>, <\/strong>launched an AI services hub in <\/strong>South <\/strong>Indian Bengaluru <\/strong>and plans to invest \u201cmns of USD,\u201d as it eyes India as \u201can alternative to China,\u201d CEO Girish Rishi and CSO Hakon Bjerke told Reuters<\/a> yesterday. Cognite is also pursuing potential contracts in cement and automotive with major Indian conglomerates and plans to ramp up investments in the country. No further details were disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Alshaya Group\u2019s brands join Trendyol\u2019s GCC marketplace<\/p>\n","protected":false},"author":1,"featured_media":95488,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,10,1537],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam-ksa","tag-industry-and-mineral-resources-ministry","wpautop","entry"],"acf":{"mongo_id":"714ad177-f8cd-4470-a598-15df91828941","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1659.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa eyes Malaysian investments","related_issue":[95469],"teaser":"PLUS: Alshaya Group\u2019s brands join Trendyol\u2019s GCC marketplace","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.dca62cfb-812e-4142-8302-72e920f8c5df.mp3"},"yoast_head":"\nAcwa eyes Malaysian investments - 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