AI Summary
Logo of ACWA Power
The rights trading period for ACWA Power Co. ends today, July 13, to increase its capital from SAR 7.33 billion to SAR 7.66 billion.
The subscription and rights trading period began on July 6, while the subscription period will continue until July 16.
Rights holders are entitled to subscribe, fully or partially, to the new shares within the limit of the rights held in their portfolios.
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Capital increase details |
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Current capital |
SAR 7.32 bln |
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Number of shares |
732.56 mln |
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Increase percentage |
4.63% |
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Capital after increase |
SAR 7.66 bln |
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Number of shares after increase |
766.49 mln |
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Key information on rights issue |
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Number of shares offered |
33.93 mln
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Offering price |
SAR 210/ share
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Issue size |
SAR 7.12 billion
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Par value |
SAR 10/ share
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Entitlement ratio |
Each listed shareholder shall have the right to subscribe to 0.0463 shares for each existing share
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Record date |
June 30, 2025 (Shareholders of record who are registered with Edaa by the end of the second trading day following the EGM)
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Trading period |
July 6-13, 2025
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Subscription period |
July 6-16, 2025
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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 | |
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Use of proceeds |
Financing current and future projects |
SAR 5.28 to 5.98 bln |
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Mergers and acquisitions |
Up to SAR 1.41 bln |
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Business purposes |
SAR 351 mln |
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Offering expenses |
SAR 88.45 mln |
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Net proceeds |
SAR 7.04 bln |
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Additional information |
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Item |
Detail |
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Financial advisors |
SNB Capital – JPMorgan Saudi Arabia – Citigroup Saudi Arabia |
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Lead manager |
SNB Capital |
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Underwriters |
SNB Capital – JPMorgan Saudi Arabia – Citigroup Saudi Arabia – BSF Capital – FAB Capital – Emirates NBD Capital Saudi – Natixis Saudi Investment |
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