ACWA Power listed on Saudi bourse

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Paddy Padmanthan, chief executive officer of ACWA Power, said the agreement will allow them to expand “cost competitive financing solution”.
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  • ACWA Power will be allowed a daily price fluctuation limit of 30 percent and a static price fluctuation limit of 10 percent both ways
  • After three days, the daily price fluctuation limit of 30 percent will come down to 10 percent, while the static price fluctuation limit will not apply

The Saudi Exchange or Tadawul has announced that shares of the International Company for Water and Power Projects or ACWA Power will be listed on its main market on Monday, October 11.

This will mean shares of the Saudi-headquartered ACWA Power will also be able to be traded on the main market from Monday.

The bourse said ACWA Power — a developer, investor, co-owner and operator of power-generation and desalinated water production plants — would have the symbol 2082 and the ISIN Code SA15CGS10H12.

It is expected to be allowed a daily price fluctuation limit of 30 percent — whether it is profit or loss.

Similarly, it will have a static price fluctuation limit of 10 percent both ways.

These fluctuation limits, Tadawul said, would be applied during the first three days of listing.

From the fourth trading day, the daily price fluctuation limits will revert to 10 percent and the static price fluctuation limits would no longer apply.

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