Subscription period for ACWA Power’s rights shares ends today

Capital Increase Details

Current capital

SAR 7.32 bln

Number of shares

732.56 mln

Increase percentage

4.63%

Capital after increase

SAR 7.66 bln

Number of shares after increase

766.49 mln

Key Information on Rights Issue

Number of shares offered

33.93 mln

Offering price

SAR 210/ share

Issue size

SAR 7.12 billion

Par value

SAR 10/ share

Entitlement ratio

0.0463 rights share for each existing share

Record date

June 30, 2025 (Shareholders of record who are registered with Edaa by the end of the second trading day following the EGM)

Trading period

July 6-13, 2025

Subscription period

July 6-16, 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

Use of proceeds

Financing current and future projects

SAR 5.28 to 5.98 bln

Mergers and acquisitions

Up to SAR 1.41 bln

Business purposes

SAR 351 mln

Offering expenses

SAR 88.45 mln

Net proceeds

SAR 7.04 bln

Additional Information

Item

Detail

Financial advisors

SNB Capital – JPMorgan Saudi Arabia – Citigroup Saudi Arabia

Lead manager

SNB Capital

Underwriters

SNB Capital – JPMorgan Saudi Arabia – Citigroup Saudi Arabia – BSF Capital – FAB Capital – Emirates NBD Capital Saudi – Natixis Saudi Investment