August 16, 2025
‎ACWA Power to use 85% of capital hike proceeds in new local projects: Exec

ACWA Power wind turbine

Abdulhamid Al-Muhaideb, CFO at ACWA Power Co., said as much as 75-85% of proceeds from the planned capital increase will be allocated to new projects within Saudi Arabia.

In an interview with Al Ekhbariya TV today, June 15, the CFO confirmed the Saudi-listed company’s plan to maintain net debt at SAR 20 billion…
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