ACWA Power Co. announced, in a statement to Tadawul today, setting the period of trading rights shares and subscription to new shares.
 

 In its final prospectus, the company said that the period of trading rights shares and subscribing to new shares will commence on Sunday, July 6 and end on July 13, 2025. The subscription period will continue till the end of day on Wednesday, July 16, 2025.
 

During this period, all rights holders may exercise their rights to subscribe for the new shares (partly or wholly), within the number of priority rights in their portfolios. Rights trading and subscription to new shares will be according to what is stipulated by the prospectus.
 

If any rights shares remain unsubscribed after the end of the subscription period, these rump shares will be offered at no less than the offering price to a number of institutional investors, according to the prospectus. In the event that institutional investors did not subscribe to all of the rump shares and fractional shares, then these shares shall be allocated to the underwriters, who shall subscribe for such shares at the offering price on a pro-rata basis, it added.
 

Investors not wishing to subscribe shall sell their right during the determined trading period, to avoid a reduction in the value of their investment portfolios due to not benefitting from their rights whether through sale or subscription.
 

ACWA Powers shareholders approved, during the extraordinary general meeting (EGM) held on June 30, the board recommendation to raise the companys capital by SAR 7.12 billion through a rights issue, according to Argaam's data.
 

Capital Increase Details

Current Capital

SAR 7.32 bln

Number of Shares

732.56 mln

New Capital

SAR 7664.90 mln

New Number of Shares

766.49 mln

Percentage of Increase

4.63%

Record date

To shareholders owning the shares by the end of trading on the EGM date, on June 30, 2025.

Rights Issue Details

Offered shares

33.93 mln

Offer Price

SAR 210/share

Issue Size

SAR 7.12 bln

Eligibility Ratio

Each listed shareholder shall have the right to subscribe to 0.0463 shares per each owned share.

Subscription proceeds

Financing the company's share in current and future projects

From SAR 5.28 bln to SAR 5.98 bln

M&As

SAR 1.4 bln

Public commercial purposes

SAR 351.84 mln

Offering expenses

SAR 88.5 mln