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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 amount 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 |
|
Offering Price |
SAR 210/share |
|
Total Offering Value |
SAR 7.12 bln |
|
Par Value |
SAR 10 |
|
Record date |
To shareholders owning the shares by the end of trading on the EGM date, 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 earlier stated that at its extraordinary general meeting (EGM) on June 30, its shareholders would vote on the board's recommendation to increase its capital by SAR 7.12 billion through a rights issue.
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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