• 22+ GW

    of power

    power
  • 2.7 million M3 day

    of desalinated water

    water

ACWA Power Management and Investments One Ltd

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  • ACWA Power Management and Investments One Limited announces ACWA Power 2017 financial results

    NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, SAUDI ARABIA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY LAW.

    This announcement contains inside information

    Tuesday, April 24, 2018

    ACWA Power Management and Investments One Limited (the "Company"), a wholly-owned subsidiary of International Company for Water and Power Projects ("ACWA Power" and together with its subsidiaries, the "Group"), a Saudi and global leader in developing, constructing and operating power generation and desalination water plants in 10 countries, today announces the following Group financial results for the year ended 31 December 2017:

     

     

    Unit

    2017

    2016

    2015

    Operating income after share in net results of equity accounted investees

    SAR Mn

    1,573

    1,171

    982

    Net income to shareholders

    SAR Mn

    920

    856

    691

    Dividend distributed to shareholders

    SAR Mn

    209

    82

    -

    Note: "SAR" means Saudi Arabian Riyal, the lawful currency of the Kingdom of Saudi Arabia.

    The Company also announces that its parent company, ACWA Power, is considering a potential initial public offering of its shares, however no definitive decision has been taken with regards to next steps. Further announcements will be made if and when appropriate.

    Contact:

    Jon Barber

    + 971 (0)4 509 1052

    Important notice

    The information contained in this press release is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this press release or its accuracy, fairness or completeness.

    This press release is not for publication or distribution, directly or indirectly, in or into the United States. The distribution of this press release may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

    This press release does not contain or constitute an offer of, or the solicitation of an offer to buy, securities to any person in any jurisdiction, including the United States, Saudi Arabia, Australia, Canada or Japan.

    The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act"), or under any applicable securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold, transferred or delivered, directly or indirectly, in the United States unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, such registration requirements and in accordance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering of any securities discussed herein is being made in the United States.