Saudi Arabia's Capital Market Authority (CMA) approved ACWA POWER Company’s request to increase its capital through a rights issue valued at SAR 7,124,999,700. The increase will be limited to shareholders registered in the shareholders’ registry at the Security Depository Center as of the close of the second trading day after the extraordinary general assembly meeting. The company’s board will determine the date of the extraordinary general assembly meeting at a later time, and the offering price and number of shares to be offered for subscription will be set by the company after market close on the day the meeting is held. The rights issue prospectus will be made available to the public later, and the CMA reiterated that its approval is not a recommendation to participate or invest and reflects only that legal requirements under the Capital Market Law and its implementing regulations have been met.
Saudi Arabia Capital Markets Authority 2025-05-20
Saudi Arabia's Capital Market Authority approves ACWA Power rights issue capital increase of SAR 7,124,999,700
Saudi Arabia's Capital Market Authority approved ACWA POWER Company's SAR 7,124,999,700 capital increase through a rights issue, limited to shareholders registered at the Security Depository Center after the extraordinary general assembly meeting. The board will determine the meeting date, and the offering price and share number will be set post-meeting. The CMA emphasized its approval is not an investment recommendation but confirms compliance with legal requirements.