Stocks of ACWA Power, solutions by stc ‘Shariah-compliant’: Albilad Cap

20/09/2021 Argaam

Logos of ACWA Power, solutions by stc

Albilad Capital said in a recent report that International Company for Power and Water Projects (ACWA Power) and Arabian Internet and Communications Services Co. (solutions by stc) were classified as Shariah-compliant stocks.

 

There is no purification rate of solutions by stc, however, the purification rate of ACWA Power stands at 0.03 per share, Albilad Capital said in a tweet.

 

On Sept. 19, retail investors started subscribing to 2.4 million shares of solutions by stc at SAR 151 a share, Argaam reported.

 

Elsewhere, ACWA Power launched its book-building process on Sept. 15. The utility provider set the price range for its initial public offering (IPO) between SAR 51 and SAR 56 per share, Argaam reported. 

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