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Saudi Arabia's Capital Market Authority has approved an initial public offering of an 11.1% stake in ACWA Power, a listing that has been expected for years. ACWA Power leads a consortium that will build and operate renewable power-based utilities at Saudi Arabia's flagship Red Sea tourism project.

Saudi regulator approves ACWA Power IPO

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Saudi Arabia’s Capital Market Authority has approved an initial public offering of an 11.1% stake in ACWA Power, a listing that has been expected for years. ACWA Power leads a consortium that will build and operate renewable power-based utilities at Saudi Arabia’s flagship Red Sea tourism project.

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