The book-building process for the initial public offering (IPO) of the international water and energy company “ACWA Power” begins today, Wednesday, September 15, 2021.
The price range for “ACWA Power” shares has been set between 51 and 56 riyals per share.
The book-building period will continue until the end of the day on Monday, September 27, 2021, in preparation for the public offering of 81.2 million shares, representing 11.1% of the company’s post-offering capital of 7,311 million riyals.
The number of offering shares to be initially allocated to participating categories is 81.20 million shares, representing 100% of the total offering shares, with the final allocation to be determined after the conclusion of the retail subscription period.
In the event that retail subscribers subscribe for the full number of offering shares allocated to them, the subscription registry managers are entitled to reduce the number of shares allocated to the participating categories to a minimum of 73.08 million shares—representing 90% of the total offering.
The minimum number of shares that institutions may subscribe to is 100,000, and the maximum is 36.54 million shares.
The company’s main activities include the generation, distribution, and sale of electricity; water desalination; and the construction of power plants and substations.
Today. Order book building process begins to determine ACWA Power's IPO price“
