The Saudi CMA approved the request of the International Company for Water and Power Projects (ACWA POWER) application for public offering of 81.2 million shares, representing 11.1 percent of its share capital.

The Company’s prospectus will be published within sufficient time prior to the start of the subscription period.

The investment value of the company’s portfolio exceeds $66.1 billion, producing 42 gigawatts (GW) of electricity and 6.4 million cubic meters of desalinated water per day, provided as a huge production that meets the needs of state utilities, and according to long purchase contracts.