Saudi ACWA Power shares stride higher after blockbuster debut: TASI Performers

Arab News | Jan 6, 2022 at 9:20 AM
  • Saudi International Co. for Power and Water Projects, known as ACWA Power,  saw its share price soar 16 percent to reach SR84.6 ($23) on Jan. 4, 2022, following a stellar debut on the Kingdom’s stock exchange late last year.
  • The company pulled in strong investor interest in its first quarter — even as it reported a net loss in its first-ever quarterly results.
  • With a $67.2 billion portfolio, ACWA Power was the largest utility company to enter the Saudi bourse after Saudi Electricity Co.