PIF Builds Stake in ACWA Power
Posted on 07/05/2018
Saudi Arabia’s Public Investment Fund (PIF) acquired a direct 15.2% stake in Riyadh-based ACWA Power. The PIF already owns a 9.8% stake in ACWA Power through its sovereign wealth enterprise Sanabil Direct Investments Company. Post-deal, this gives PIF a 25% stake in ACWA Power. ACWA Power is a developer and operator of power and water […]
