ACWA Power announces preliminary prospectus for SAR 7.1B rights issue

ACWA Power wind turbine

ACWA Power announced today, June 4, the publication of its preliminary prospectus for a capital increase through a rights issue valued at SAR 7.12 billion.

The company stated that the number of new shares, the offer price, and the total capital increase will be determined after the market close on the day of the general assembly meeting and prior to the extraordinary general meeting. The details will be presented to shareholders for approval during the general assembly.

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The capital increase aims to support its growth strategy and achieve its strategic objectives.

The company scheduled June 30, 2025, for shareholders to vote on the board of directors’ recommendation to increase the capital through a SAR 7.12 billion rights issue.

The Capital Market Authority (CMA) recently approved ACWA Power’s request to increase its capital through a rights issue.

Capital increase details

Item	Details
Current capital	SAR 7.32 bln
Number of shares	732.56 mln
Capital after increase	The number of new shares, offering price, and capital increase amount will be determined after market close on the day of the general assembly meeting and before the EGM.
Number of shares after increase
Percentage of increase

Key information on rights issue shares

Item	Detail	Amount
Number of shares offered	Not yet determined
Offering price	Not yet determined
Issue size	SAR 7.12 billion
Entitlement ratio	Details to be determined later
Use of proceeds	Financing current and future projects	SAR 5.28 to 5.98 bln
	Mergers and acquisitions	Up to SAR 1.41 bln
	Business purposes	SAR 351 mln
	Offering expenses	SAR 88.45 mln
	—	SAR 7.04 bln

Additional information

Item	Detail
Financial advisors	SNB Capital – JPMorgan Saudi Arabia – Citigroup Saudi Arabia
Lead manager	SNB Capital
Underwriters	SNB Capital – JPMorgan Saudi Arabia – Citigroup Saudi Arabia – Saudi Fransi Capital – FAB Capital – Emirates NBD Capital Saudi – Natixis Saudi Investment

Acwa power rights issue prospectus

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