ACWA POWER Co. (2082)

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News

4 October 10:15 AM Acwa reaches financial close for SAR 9.6bn Rabigh 2 expansion project

Riyadh – Mubasher: Acwa Power announced that Al Murjan 2nd for Electricity Company has achieved financial close for the Rabigh 2 Independent Power Plant expansion project. The combined-cycle gas turbine facility, located in the Western Region of …

Companies Investments

24 September 01:08 PM Acwa’s Taiba 1 CCGT enters initial commercial phase

Riyadh – Mubasher: Acwa Power has received notification on 22 September 2026 regarding the commencement of initial commercial operations at the Taiba 1 combined cycle gas turbine (CCGT) project. The notice, issued by Sidra One Electric Company, …

Companies Investments

24 September 12:35 PM Acwa begins commercial operations at Al Qassim 1 power plant

Riyadh – Mubasher: Acwa Power received notification on 22 September regarding the commencement of initial commercial operations at the Al Qassim 1 combined cycle gas turbine plant. The project, located in Al Qassim, Saudi Arabia, has secured an …

Company News

20 September 01:17 PM Acwa unveils resignation of non-executive director

Riyadh – Mubasher: Acwa Power announced the resignation of non-executive board member Esmail Al Sallom, effective 16 September 2026. Al Sallom also stepped down from his position on the company's executive committee on the same date. The company …

Management Decisions

26 August 02:01 PM Acwa shareholders approve over SAR 352.5m dividends for 2025

Riyadh – Mubasher: ACWA Power Company (Acwa) announced that its shareholders approved a cash dividend distribution totaling SAR 352.59 million for the fiscal year ended on 31 December 2025. The decision was reached during an ordinary general …

General Assembly

23 August 10:45 PM Acwa unveils 3 battery energy storage projects in Saudi Arabia

Riyadh — Mubasher: ACWA Power Company (Acwa) announced the signing of power purchase agreements with the Saudi Power Procurement Company (SPPC) to develop, finance, build, and operate three independent battery energy storage system (BESS) …

Companies Investments

23 August 10:18 PM Saudi Energy announces over SAR 1bn agreement for Al Muwaih project

Riyadh — Mubasher: Saudi Energy Company announced a new energy storage services agreement with the Saudi Power Procurement Company, known as the Principal Buyer, that was signed on 20 August 2026 following the project's award on the same date. The …

Companies Investments

23 August 08:36 PM Saudi Energy pens SAR 1.1bn contract for Kahafah project; Acwa joins as related party

Riyadh — Mubasher: Saudi Energy Company has penned a power storage services agreement with the Saudi Power Procurement Company, the principal buyer, for the Kahafah Battery Energy Storage System Independent Storage Project (IPS). The contract is …

Company News

23 August 04:54 PM Saudi Energy enters into agreement worth over SAR 1bn for Haden project

Riyadh — Mubasher: Saudi Energy Company announced the signing of an energy storage services agreement with the Saudi Power Procurement Company as a Principal Buyer for Haden Battery Energy Storage System Independent Storage Project (ISP). The …

Companies Investments

20 August 04:57 PM Acwa launches e-voting ahead of OGM

Riyadh – Mubasher: Acwa issued a reminder to its shareholders regarding the commencement of electronic voting for the upcoming Ordinary General Meeting (OGM). Shareholders registered in the Tadawulaty services portal can begin casting their votes …

Company News

6 August 08:43 PM Acwa’s net profits exceed SAR 653m in H1-26 amid geopolitical uncertainty

Riyadh – Mubasher: Acwa generated 28.14% year-on-year (YoY) lower net profits at SAR 653.17 million for the first half (H1) of 2026, compared to SAR 908.98 million. The utility developer’s revenue rose by 8.61% to SAR 4.03 billion, driven by …

Cash Dividends

21 July 07:16 PM Acwa’s shareholders to vote on SAR 352.5m dividends at OGM

Riyadh – Mubasher: Acwa announced on Tuesday that its board of directors has called for an Ordinary General Meeting (OGM) to be held virtually on 25 August 2026, at 18:30. The primary agenda item is the vote on a board recommendation to distribute …

Cash Dividends

8 July 12:54 PM Acwa unveils new dividend distribution program until 2030

Riyadh – Mubasher: Acwa’s board has approved a new dividend distribution program covering the period from 2026 to 2030, according to a bourse disclosure. Under the newly established policy, the company intends to distribute a minimum of 30% of its …

Company News

8 July 11:18 AM Acwa’s board mulls SAR 352.5m cash dividends for 2025

Riyadh – Mubasher: The board of Acwa recommended on 7 July 2026 a cash dividend distribution totaling SAR 352.59 million for 2025. The proposed payout represents 4.60% of the share nominal value, according to a bourse filing. The distribution will …

Company News

7 July 09:25 AM Acwa secures exclusive rights for Saudi green hydrogen exports

Riyadh – Mubasher: Acwa has received government approval granting the company exclusive rights to export green hydrogen and its derivatives produced within Saudi Arabia to international markets. The mandate aligns with national strategic …

Companies Investments

1 July 10:15 AM Acwa secures $700m power project in Mauritania

Riyadh – Mubasher: Acwa, a leading Saudi developer and operator of power generation and desalinated water plants, has entered into a long-term public-private partnership (PPP) and power purchase agreement for the N’diago power project in …

Company News

10 May 05:10 PM Acwa generates higher revenues at SAR 2bn in Q1-26 despite geopolitical tensions

Riyadh – Mubasher: Acwa recorded net profits attributable to shareholders worth SAR 344.75 million in the first quarter (Q1) of 2026, marking an annual drop of 19.28% from SAR 427.15 million. The revenues totaled SAR 2.02 billion in Q1-26, up …

Financial Results

19 April 01:27 PM Acwa, Saudi Energy pen SAR 11.5bn agreement for Rabigh 2 IPP expansion project

Riyadh - Mubasher: Acwa Power Company and Saudi Energy Company inked a SAR 11.50 billion power purchase agreement (PPA) with Saudi Power Procurement Company for the Rabigh 2 Independent Power Plant (IPP) expansion project. The agreement covers the …

Companies Investments

12 April 05:24 PM Egypt, Acwa Power discuss cooperation in seawater desalination projects until 2050

Mubasher: Randa El-Menshawy, Egypt’s Minister of Housing, Utilities & Urban Communities, held talks with a delegation from Acwa Power Company to discuss the operation of seawater desalination plants within the framework of the strategic plan for …

Companies Investments

9 April 06:18 PM Acwa announces Al Humaid as Vice Chairman

Riyadh - Mubasher: The board of Acwa Power Company approved, during its 8 April 2026 meeting, the resignation of Raad bin Esmat Al Saadi from his position as the Vice Chairman of the company.  Acwa's board also agreed to appoint Yazeed bin …

Board of Directors

4 March 12:48 PM Acwa’s profits exceed SAR 1.8bn in 2025

Riyadh – Mubasher: Acwa achieved SAR 1.85 billion in net profit attributable to shareholders during 2025, marking a 5.42% year-on-year (YoY) rise from SAR 1.75 billion. The earnings per share (EPS) climbed to SAR 2.47 in January-December 2025 from …

Financial Results

1 March 12:08 PM Acwa names Serhan as new CEO

Riyadh – Mubasher: Acwa appointed Samir J. Serhan as the new CEO as part of a planned and structured leadership transition and succession process overseen by the company’s Board Nomination and Remuneration Committee. Since joining Acwa last year …

Corporate Actions

24 February 03:59 AM Acwa to develop renewable energy projects in Türkiye with up to $5bn FDI expected

Riyadh – Mubasher: Acwa, which recently unveiled a new brand identity, has signed an Investment Agreement Key Terms (IA Key Terms) with the Ministry of Energy and Natural Resources of the Republic of Türkiye to develop 5 GW of five renewable …

International Agreements

4 February 12:43 PM Acwa-led consortium inks deal with Kuwait’s government for $4bn mega project

Riyadh - Mubasher: Acwa Company and Gulf Investment Corporation (GIC) signed an energy conversion and water purchase agreement (ECWPA) for Az-Zour North Phase 2 & 3 IWPP project in Kuwait. The consortium penned the 25-year deal with the Kuwaiti …

Companies Investments

27 January 04:47 PM ACWA Power unveils new brand to drive global energy transition

Riyadh - Mubasher: ACWA Power Company unveiled a new brand identity that reflects its evolution from a Saudi pioneer to a global infrastructure platform serving people and communities, according to a press release. The rebranding aligns with the …

Global Economy