ACWA Power expected to list on Saudi market in 2021: chairman

22/11/2020 Argaam

ACWA Power is expected to offer part of its shares in an initial public offering (IPO) in 2021, Al Arabiya TV reported, citing Chairman Mohammad Abunayyan.

 

He added that the offering will be limited to the Saudi market, adding the size of the offering hasn’t been determined yet.

 

The projects, completed or under construction, totaled $59 billion, comprising a portfolio of 57 assets, Abunayyan said, noting that the Kingdom dominates the largest portion of them.

 

According to data compiled by Argaam, the Public Investment Fund (PIF) raised its stake in ACWA Power from 33.36% to 50%.

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.

Most Read