AI Summary
Logo of ACWA Power Co.
ACWA Power Co.’s rights subscription period ends today, July 16.
The Tadawul-listed firm had offered 33.93 million ordinary shares at SAR 210 apiece, through a right issue worth SAR 7.13 billion.
The subscription period started on July 6, and the rights trading period ended on July 13.
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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 |
0.0463 rights share 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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