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Water and energy supplies.
Overview
ACWA Power was established in 2008 as a closed joint-stock company in Riyadh to acquire Arabian Company for Water and Power Projects, which was established in 2004, with capital of SAR 2.92 billion, as part of the Kingdom’s water and electricity sector privatization plan.
The company’s core activity is generating, distributing and wholesale of electric power, as well as desalinating water, as well as establishing, repairing and maintaining electric power plants and transformers, in addition to wholesale of desalinated water.
Basic Information
City: | Riyadh |
Country | Saudi Arabia |
Ownership Type: | Joint Stock |
Establishment Date: | 2008 |
Commercial Register: | 1010253392 |
Website: | www.acwapower.com |
ir@acwapower.com | |
Phone | +966 11 283 5555 |
Fax | +966 11 283 5500 |
Address | Building No. 1 - Economic Gate - King Khalid International Airport Rd - Riyadh 11416 |
PO Box | 22616 |
Financials Highlights (M )
Company Size
Trading Data
Stock Market : | TASI |
Fiscal Year End : | December |
Free Float (M) : | 381.33 |
Free Float % : | 52.16 |
Weight in Index % : | 6.61 |
3M Average Volume : | 477,398 |
3M Average Transactions : | 4,513 |
Change(12M) % : | 199.23 |
Major Shareholders
Name | Number of Shares (M) | Holding |
---|---|---|
Public Investment Fund | 322.85 | 44.16 % |
Vision Invest Co. | 166.32 | 22.75 % |
Subsidiaries & Associates
Company | Country | Percentage |
---|---|---|
Indonesia Rep Office | Indonesia | 100.00 % |
China Rep Office | China | 100.00 % |
Vietnam Rep office | Vietnam | 100.00 % |
Fanarco | Saudi Arabia | 100.00 % |
ACWA Power Azerbaijan Renewable Energy LLC | 100.00 % | |
ACWA Power Management and Investment One Ltd. | UAE | 100.00 % |
ACWA Power Global Services Ltd. | UAE | 100.00 % |
ACWA Power Saudi Electricity and Water Development | Saudi Arabia | 100.00 % |
ACWA Industrial Investment | Saudi Arabia | 100.00 % |
ACWA Power Reinsurance | UAE | 100.00 % |
Kahramaa | Saudi Arabia | 99.97 % |
ACWA Power Bahrain Holding | Bahrain | 99.73 % |
Multiple Shares | Saudi Arabia | 95.00 % |
ACWA Power Renewable Energy Holding Limited | UAE | 51.00 % |
Dii GmbH | Germany | 33.33 % |
Investments
Company | Percentage |
---|---|
Second Shuaiba Desalination | 1.00 % |
Rabigh Expansion Limited | 1.00 % |
Milestones
23-03-2023
13-01-2022
The company's name was changed to "ACWA POWER Co. "from International Company for Water and Power Projects (ACWA Power)".
11-10-2021
26-06-2018
The company’s capital was increased to SAR 6.45 billion from SAR 4.47 billion.
17-11-2013
The company’s capital was increased to SAR 5.47 billion from SAR 5.19 billion.
10-10-2013
The company’s capital was decreased to SAR 5.33 billion from SAR 5.19 billion.
02-06-2013
The company’s capital was increased to SAR 5.33 billion from SAR 4.60 billion.
12-01-2013
The company’s capital was increased to SAR 4.60 billion from SAR 3.71 billion.
24-06-2010
The company’s capital was increased to SAR 3.71 billion from SAR 3.36 billion.
11-11-2008
The company’s capital was increased to SAR 3.36 billion from SAR 2.92 billion.
13-07-2008
The Company was founded as a Saudi closed joint stock company under the name International Company for Water and Power Projects (ACWA Power), with a capital of SAR 2.92 billion
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