The Saudi stock market (Tadawul) is witnessing today, Monday, the listing and trading of the shares of the International Water and Energy Works Company (ACWA Power).
The stock exchange clarified earlier that ACWA Power will be listed, with the trading symbol (2082) and the international symbol (SA15CGS10H12), provided that the daily price fluctuation limits are (+/ - 30%) with the application of fixed limits for price fluctuation at (+/- 10%).
and indicated that these limits will be applied only during the first three days of listing, and starting from the fourth trading day, the daily price volatility limits will be reset to (-/ + 10%), and canceling the fixed limits for price fluctuation.
The Securities Depository Center Company (Edaa) announced the addition of the securities subscribed to the International Water and Energy Works Company, ACWA Power, to the Center's accounts for eligible shareholders, effective From Thursday, October 7th.
Riyadh Capital had announced, earlier, the completion of the process of building the order book for the segment of categories participating in the ACWA Power subscription, and setting the final offer price at 56 riyals per share. .
The company decided at the end of last June to offer 81.199 million ordinary shares of its shares for public subscription, representing 11.1% of the company's shares after the offering.
Founded in Riyadh in 2004, ACWA Power is a private developer, owner and operator of long-term contracted power generation and water desalination projects around the world, and is constantly improving its business portfolio. .
The company currently has 64 projects in the pipeline, under construction or advanced development in 13 countries across three continents, with a total cost of 248 billion riyals ($66 billion). .
