Logo of ACWA Power Co.
The ban on ACWA Power Co.'s founding shareholders from selling shares was lifted today, April 10, six months after the stock began trading on the Saudi Exchange (Tadawul) on Oct. 11, 2021.
Founding shareholders - Public Investment Fund (PIF), Vision Invest Co. and Al Rajhi Group Holding – were not allowed to sell their shares for a period of six months after listing.
The founding shareholders will be able to sell their shares without obtaining approval from the Capital Market Authority.
|
Major Shareholders |
||
|
Shareholders |
Equity |
|
|
Number of Shares (mln) |
Ownership (%) |
|
|
PIF |
322.88 |
44.16% |
|
Vision Invest |
166.32 |
22.75% |
|
Al Rajhi Group Holding |
81.91 |
11.20% |
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