Riyadh – Mubasher: The Capital Market Authority (CMA) approved the capital hike request of ACWA Power Company through the issuance of rights shares valued at SAR 7.12 billion.
The Saudi power giant submitted the increase request in December 2024, while the CMA greenlighted the transaction on 20 May 2025, according to a bourse filing.
As of 31 March 2025, ACWA Power reported 44.22% year-on-year (YoY) higher net profits at SAR 427.15 million, compared to SAR 296.17 million.
