‎ACWA Power sets rights issue share price, number of new shares

‎ACWA Power sets rights issue share price, number of new shares ‎ACWA Power sets rights issue share price, number of new shares

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Logo of ACWA Power Co.

ACWA Power Co. announced, in a statement to Tadawul today, the details of its upcoming SAR 7.12 billion rights issue, including the number of new shares, the offering price and the value of the capital increase, as follows:

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Capital Increase Details

Current Capital

SAR 7.32 bln

Number of Shares

732.56 mln

New Capital

SAR 7.6 bln

New Number of Shares

766.49 mln

Percentage of Increase

4.63%

Number of new shares

33.93 mln

Offer Price

SAR 210/share

Total Offering Value

SAR 7125.00 mln

Par Value

SAR 10

Record date

To shareholders owning the shares by the end of trading on the EGM date, on June 30, 2025.

Reason for Capital Increase

To allow ACWA Power to anchor its growth strategy of tripling the assets under management by 2030 and enhance its financial position.

According to Argaam‘s data, ACWA Power said earlier that its shareholders would vote on the board’s recommendation on increasing its capital by way of SAR 7.12 billion rights issue during the extraordinary general meeting (EGM) scheduled for June 30. It added that it would disclose the proposed details on the number of new shares, offering price, and the capital increase amount after the market closes on the EGM date, or ahead of the meeting.

 

Logo of ACWA Power Co.

ACWA Power Co. announced, in a statement to Tadawul today, the details of its upcoming SAR 7.12 billion rights issue, including the number of new shares, the offering price and the value of the capital increase, as follows:

Capital Increase Details

Current Capital

SAR 7.32 bln

Number of Shares

732.56 mln

New Capital

SAR 7.6 bln

New Number of Shares

766.49 mln

Percentage of Increase

4.63%

Number of new shares

33.93 mln

Offer Price

SAR 210/share

Total Offering Value

SAR 7125.00 mln

Par Value

SAR 10

Record date

To shareholders owning the shares by the end of trading on the EGM date, on June 30, 2025.

Reason for Capital Increase

To allow ACWA Power to anchor its growth strategy of tripling the assets under management by 2030 and enhance its financial position.

According to Argaam‘s data, ACWA Power said earlier that its shareholders would vote on the board’s recommendation on increasing its capital by way of SAR 7.12 billion rights issue during the extraordinary general meeting (EGM) scheduled for June 30. It added that it would disclose the proposed details on the number of new shares, offering price, and the capital increase amount after the market closes on the EGM date, or ahead of the meeting.

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