ACWA Power rings the market opening bell at Tadawul in celebration of its successful IPO

Riyadh, KSA: 11 October 2021: ACWA Power, a leading developer, investor, and operator of power generation and desalinated water plants worldwide, rang the market opening bell at the Saudi Stock Exchange (Tadawul) at 10:00 am AST today. After a highly successful offering in which the institutional tranche was covered around 248 times, and the retail investor tranche saw a coverage of 1989.96%, the company’s shares are now traded on the Main Market of the exchange under the ticker symbol ACWA POWER.

The bell ringing ceremony was attended by Engineer Khalid Abdullah Al-Hussan, Chairman of the Saudi Tadawul Group and Mr.Mohammed Al-Rumaih, CEO of Saudi Tadawul Group, as well as Mohammed Abunayyan, Chairman of ACWA Power, and Paddy Padmanathan, CEO of ACWA Power, alongside other leading board members and executives.

He added: “Over our 17-year history, ACWA Power has grown into a leading player in the power, water, and hydrogen driving the transition across the world by supplying power and water reliably, responsibly, and at low cost. Our purpose has always been to support the sustainable social development and economic growth of nations and the wellbeing and happiness of communities across the world according to robust foundations of societal, environmental, and governmental standards.”