{"id":97288,"date":"2025-05-22T00:00:00","date_gmt":"2025-05-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/05\/22\/acwa-power-gets-the-green-light-for-sar-7-1-bn-rights-issue\/"},"modified":"2025-05-22T00:00:00","modified_gmt":"2025-05-22T00:00:00","slug":"acwa-power-gets-the-green-light-for-sar-7-1-bn-rights-issue","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/05\/22\/acwa-power-gets-the-green-light-for-sar-7-1-bn-rights-issue\/","title":{"rendered":"Acwa Power gets the green light for SAR 7.1 bn rights issue"},"content":{"rendered":"

<\/strong>Acwa Power<\/strong> is inching closer to issuing a SAR 7.1 bn rights issue aimed at <\/strong>increasing its<\/strong> capital<\/strong> after it secured regulatory approval, the Capital Market Authority (CMA) said in a statement<\/a>. The company will determine the final offering price and the number of shares to be issued at a later stage.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Use of proceeds:<\/strong> \u201cThis capital increase will allow Acwa Power to continue to invest in the growth of its portfolio while maintaining a strong financial position,\u201d Acwa Power said in June 2024<\/a>.<\/p>\n

Bracing for more spending: <\/strong>The renewables giant sees spending on its projects between 2025 and the end of the decade rising to USD 2-2.5 bn annually, from an earlier range of USD 1-1.3 bn annually.<\/p>\n

What Acwa has been up to:<\/strong> Acwa Power has landed a spree of agreements recently, including USD 500 mn<\/a> in agreements this week with US firms across solar, desalination, green hydrogen, and ammonia. In February, it inked a SAR 13.4 bn power purchase agreement<\/a> with Saudi Electricity Company and the Saudi Power Procurement Company for the Qurayyah IPP expansion.<\/p>\n

Market reax: <\/strong>Acwa\u2019s price declined 4.4% to SAR 274 by the end of yesterday\u2019s session closing.<\/p>\n","protected":false},"excerpt":{"rendered":"

The offering\u2019s size and price will be announced at a later stage<\/p>\n","protected":false},"author":1,"featured_media":97289,"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":[2704],"tags":[448,2419,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-acwa-power","tag-capital-markets","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"1576e6fb-858e-4419-ac6f-acf7199aa410","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1880.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Acwa Power gets the green light for SAR 7.1 bn rights issue","related_issue":[97278],"teaser":"The offering\u2019s size and price will be announced at a later stage","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.78903958-f0fd-4166-bd1e-7f425de2564f.mp3"},"yoast_head":"\nAcwa Power gets the green light for SAR 7.1 bn rights issue - 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