Dubai, UAE--Saudi Arabian utility developer ACWA Power said Wednesday it has signed financing agreements for a total investment of $8.5 billion with NEOM Green Hydrogen Project (NGHP).  NGHP is a joint venture between ACWA Power, Air Products and NEOM Company, with ACWA Power holding a 33.3 percent equity stake. In...

ACWA Power has said it plans to end investment in non-renewable projects in its endeavor to reach net zero by 2050. Riyadh-based ACWA, the only listed company with big renewable energy and hydrogen projects in the pipeline, is 44 percent owned by Saudi Arabia's sovereign wealth fund PIF CEO of...

The company expects to raise more than $1 billion from the public offering, valuing the company at about $10 billion.

Final pricing lowest ever senior unsecured Sukuk pricing achieved by a corporate or bank issuer since 2017 HSBC Saudi Arabia also acted as  bookrunner, Sukuk holders’ agent and payment administrator   HSBC Saudi Arabia acted as the arranger and dealer on the establishment of ACWA Power’s SAR 5 Billion ($1.33b)...