Riyadh, Saudi Arabia — ACWA Power has completed a landmark SAR 7.125 billion rights issue, making it one of the largest equity capital raises in Saudi market history. The offer achieved a 96% subscription rate, with a 592% oversubscription in the rump placement. This result highlights strong investor confidence in the company’s future growth and strategy.
The offering attracted wide participation across shareholder groups. Notably, international investors secured 97% of the remaining allocation, underscoring ACWA Power’s appeal on the global stage despite challenging market conditions.
Boosting Project Pipeline and Vision 2030 Ambitions
The funds raised will support ACWA Power’s plan to grow its asset base from $117 billion to $250 billion by 2030. Capital will go toward core projects in power generation, water desalination, and green hydrogen. It will also support selected mergers and acquisitions to strengthen the portfolio.
Additionally, ACWA Power hosted its first investor event for retail shareholders. Over 200 local investors attended. This effort aimed to promote transparency and encourage long-term participation from individual investors.
Overall, the success of ACWA Power’s 2025 rights issue positions the company for faster growth. It also supports Saudi Arabia’s Vision 2030 goals for a diverse and sustainable energy future. The strong interest—especially from global institutions—reflects growing confidence in the Saudi capital market.
THE SAUDI STANDARD’S VIEW: ACWA Power’s Landmark Rights Issue Anchors Global Confidence in Saudi Energy Future
ACWA Power’s SAR 7.125 billion rights issue marks a significant turning point for both the company and the Saudi energy sector. The 96% subscription rate and 592% rump oversubscription show that investors—both local and international—believe in the Kingdom’s clean energy plans under Vision 2030.
The funds will help ACWA Power reach its $250 billion asset goal by 2030. These investments will support major projects in renewable energy, water, and green hydrogen—key components of Saudi Arabia’s transition to cleaner energy.
Moreover, the 97% foreign allocation in the rump placement highlights Saudi Arabia’s growing reputation as a reliable, investment-ready market. It shows Tadawul’s strength as a platform for large-scale infrastructure funding.
ACWA Power’s outreach to retail investors also reflects a push toward market openness. By involving individual shareholders, the company is building trust and a culture of long-term investment within the Kingdom.
Importantly, this capital raise fits into Saudi Arabia’s broader clean energy plan. It supports key efforts, such as hydrogen development, which are central to achieving global climate goals. Therefore, the ACWA Power rights issue 2025 is more than a financial event. It demonstrates that Vision 2030’s energy goals are practical, investable, and widely supported.
In short, ACWA Power’s achievement demonstrates that Saudi companies can lead in global sustainability while establishing robust capital market foundations at home.
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