1. Home
  2. Tag "Saudi Arabia’s PIF takes 15.2 pct direct stake in ACWA Power"

Saudi Arabia’s PIF takes 15.2 pct direct stake in ACWA Power

The investment will be in the form of a capital increase and proceeds will be used to “support ACWA’s growth strategy and investment plan,” it said. New Delhi: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has taken a 15.2 percent direct stake in Riyadh-based ACWA Power, a developer and operator of power […]

Saudi inaugurates first renewable energy power plant