ACWA Power files for CMA approval of SAR 7.13B rights issue

08:42 AM (Mecca time) Argaam
Logo ofACWA Power Co.

Logo of ACWA Power Co.


ACWA Power Co. submitted, on Dec. 18, a request to the Capital Market Authority (CMA) to increase its capital through a SAR 7.13 billion rights issue, according to a statement to Tadawul.
 
 
Any relevant updates will be duly revealed, the statement added.
 
In June, ACWA Power unveiled the board’s proposal to increase capital by SAR 7.12 billion via a rights issue, data compiled with Argaam showed.

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