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Shareholders of Saudi’s Acwa Approve $1.9 Billion Rights Issue

Summary by Bloomberg
Saudi Arabia’s Acwa Power Co. will proceed with its 7.1 billion riyals ($1.9 billion) rights issue after gaining the approval of its shareholders, marking a key step in its plan to fund an aggressive expansion in renewable and clean energy projects.

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Bloomberg broke the news in United States on Tuesday, July 1, 2025.
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