Public Investment Fund Expanded Ownership in ACWA Power International, IPO on Horizon

Posted on 11/20/2020

Saudi Arabia’s Public Investment Fund (PIF) grew its holding in ACWA Power International from 33.36% to 50% ahead of an initial public offering. ACWA Power International is a Riyadh-based energy producer. Once that transaction is completed, ACWA seeks to proceed with its IPO as soon as the first half of 2021. In 2018, the PIF […]

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