arabnews.com

Al Rajhi Plans Internal Transfer of 11.205% ACWA Power Shares

ACWA POWER Company logoACWA POWER Company
Sig1.55Sen+0.15Env0.00Soc0.00Gov+0.25

Al Rajhi Holding Group, which owns an 11.205% stake in Saudi ACWA Power, plans an internal transaction transferring the shares to investment portfolios of its affiliated companies. ACWA said it received a bourse filing letter outlining the intent. ACWA is active in water desalination and clean energy, including October cooperation deals with Chinese firms on solar, green hydrogen and desalination.

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