ACWA Power Company

2082

SA15CGS10H12

Multiline Utilities

Market Closed - Saudi Arabian S.E. Other stock markets 05:50:01 26/06/2024 pm IST			5-day change	1st Jan Change
344.2 ^SAR	-3.26%		+3.74%	+34.20%

11/06	Italy's De Nora says orders already equal new electrolyser gigafactory output	RE
11/06	Acwa Power Plans SAR7 Billion Rights Issue to Fund Growth	MT

Acwa Power Company Receives the Project Commercial Operation Certificate for the Shuaa Energy 3 P.S.C

May 16, 2024 at 10:07 am IST

ACWA Power Company announces that it has received on the 15th of May 2024 a notice from Shuaa Energy 3 P.S.C project company located in Dubai, United Arab Emirates stating that it has been granted the Project Commercial Operation Certificate of Phase C of Shuaa Energy 3 project. Phase C included an additional 300MW of the total project capacity. The complete plant achieved commercial operation with a total capacity of 900MW.

The company owns a 24% stake in Shuaa Energy 3 project.

Latest news about ACWA Power Company

Italy's De Nora says orders already equal new electrolyser gigafactory output	11/06	RE
Acwa Power Plans SAR7 Billion Rights Issue to Fund Growth	11/06	MT
Saudi's ACWA Power announces $1.9 billion rights issue	11/06	RE
MIDEAST STOCKS-Gulf markets end mixed; Egypt slips	05/06	RE
Shares Plunge as Saudi Arabia's Non-Oil Private Sector Growth Slows in May	04/06	MT
Acwa Power to Sell Minority Stake in RAWEC IWSPP for SAR844 Million	04/06	MT
Hassana Investment Company signed a Share Purchase Agreement to acquire a 30% stake in Rabigh Arabian Water & Electricity Company, Ltd from ACWA Power Company for approximately SAR 840 million.	04/06	CI
Saudi leads as Gulf bourses end higher; Egypt extends loss	02/06	RE
Saudi’s Tadawul All Share Index Plunges; Aramco Share Sale Reportedly On the Horizon	30/05	MT
Acwa Power Distributes Fractional Share Sale Proceeds to Shareholders	29/05	MT
Saudi Arabia, Japanese Firms Sign Over 30 MoUs to Deepen Bilateral Collaboration	22/05	MT
Saudi, Japan Secure Over 30 Deals at Summit; Aramco, Eneo to Partner	21/05	MT
SBI Holdings Signs MoU for Business Alliance with ACWA Power of Saudi Arabia	21/05	MT
SBI Holdings, Inc. Announces Notice Regarding Memorandum of Understanding for Potential Business Alliance with ACWA Power	21/05	CI
Tadawul All Share Index Closes Trading Week in the Green	16/05	MT
Acwa Power-backed Shuaa Energy 3 Wins Commercial Operation Certificate for Solar Park	16/05	MT
Acwa Power Company Receives the Project Commercial Operation Certificate for the Shuaa Energy 3 P.S.C	16/05	CI
Veolia Gets $320 Million Contract for Hassyan Desalination Plant in Dubai	14/05	MT
Saudi Arabia’s Acwa Power Posts Higher Q1 Net Profit; Revenue Down	09/05	MT
ACWA Power Company Reports Earnings Results for the First Quarter Ended March 31, 2024	09/05	CI
First-Quarter Trading Updates Boost Saudi Shares; Saudi Telecom in Green	08/05	MT
Saudi Arabia's Acwa Power Signs SAR18.2 Billion Wind Power Deal in Uzbekistan	03/05	MT
Saudi Shares Close Flat Amid Earnings Buzz, OECD GDP Forecast	02/05	MT
ACWA Power Company Signs of Power Purchase Agreement with National Electric Grid of Uzbekistan	02/05	CI
Saudi Arabia's Securities Depository Center Implements Securities Increase for Acwa Power	02/05	MT

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Company Profile

ACWA Power Co, formerly International Company for Water and Power Projects, is a Saudi Arabia-based power and water utility Company. The company is engaged in the business of development, construction, acquisition, generation and sale of electricity and desalinated water, leasing, operation and maintenance of power generation, water desalination and steam plants, and other related business activities. The Company operates through three segments: Thermal and Water Desalination, Renewables and Others. Thermal Desalination is power and water desalination plants which use fossil fuel for the generation of electricity and production of water whereas water desalination is stand-alone reverse osmosis desalination plants. Its plants include IPPs (Independent Power Plants), IWPPs (Independent Water and Power Plants) and IWPs (Independent Water Plants). Renewables segment comprises of Photovoltaic, Concentrated Solar Power, Wind plants and Hydrogen.

Sector

Multiline Utilities

Calendar

08/08/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for ACWA Power Company

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Analysts' Consensus

Sell

Buy

Mean consensus

SELL

Number of Analysts

Last Close Price

344.2 SAR

Average target price

220.4 SAR

Spread / Average Target

-35.98%

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