Al Rajhi Holding notifies plans to transfer share ownership in ACWA Power

ACWA Power received on Dec. 7 a letter from Al Rajhi Holding Group, one of the company’s major shareholders, stating that it intends to reorganize the internal structure.

ACWA Power’s shares owned by Al Rajhi Holding Group will be transferred to investment portfolios of companies owned by the same shareholders, according to their current ownership percentages, the company said in a statement to Tadawul.

This will result in a change in the list of major direct shareholders in ACWA Power.

Al Rajhi Holding Group owns 11.205% of ACWA Power shares.

Source : Argaam