Saudi-based utilities provider ACWA Power is preparing for its initial public offering (IPO) and will be revealing details very soon, chief executive Paddy Padmanathan told Argaam on Sunday in an exclusive interview.

 

The company had been planning the IPO since June last year, however, without giving an actual date for the floatation.

 

“We have never announced any specific timing. All we have announced is that we are very keen to widen the share ownership structure to include the public and we still maintain the same,” he added.

 

“I am very confident that we will be able to make the announcement very soon,” Padmanathan said.

 

Separately, Acwa Power Chairman Mohammad Abunayyan on Sunday told Alarabiya that the company is preparing to launch its IPO in fourth quarter of 2019.

 

Write to Paromita Dey at paromita.d@argaamplus.com

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

ACWA Power considering IPO ‘sooner rather than later’: report

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request