ACWA Power stock rises over 150% since debut

03/04/2022 Argaam Special
Logo ofACWA Power

Logo of  ACWA Power


Shares of ACWA Power hit today, April 3, their highest level since listing, at SAR 140.40.

 

The stock is trading 5% higher, with nearly 1.2 million shares traded so far.

 

Accordingly, the stock gained over 150% compared to its listing price of SAR 56.

 

ACWA Power was established in 2008 in Riyadh, to acquire Arabian Company for Water and Power Development, which was established in 2004 to participate in the privatization of the water and electricity sector in Saudi Arabia.

 

The company's main activity is electricity generation, distribution and wholesale; water desalination; building, repair and maintenance of power plants and transformers; and wholesale of desalinated water.

 

ACWA Power Stock Performance

Annual High (SAR)

140.40

Today, April 3, 2022

Historical Low (SAR)

63.30

Oct. 13, 2021

Highest Trading Volume (mln shares)

43.26

Oct. 12, 2021

Listing price (SAR)

56

--

 

 The following table shows the most important financial indicators of the company:

 

Key Financial Indicators

Earnings Per Share (last 12 months) (SAR)

1.06

Operating P/E (last 12 months) (x)

More than 50

Book Value (SAR)

18.90

P/B Ratio (x)

7.43

 

The Public Investment Fund (PIF) is the major shareholder in ACWA Power with a 44.16% stake, as shown in the following table:

 

Major Shareholders

Shareholders

Stake

Number of shares (mln)

Stake (%)

PIF

322.88

44.16%

Vision Invest

166.32

22.75 %

Al Rajhi Holding Group

81.91

11.20%

 

Comments {{getCommentCount()}}

Be the first to comment

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.