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Share Capital

ACWA Power to raise capital by $1.9bn amid efforts to anchor growth strategy

Saudi utility firm ACWA Power is set to increase its capital by SR7.13 billion ($1.89 billion) as part of its strategy to triple assets under management by 2030. This move, facilitated through the issuance of right issues as per a…
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Business

Saudi Arabia’s nominal gross fixed capital formation hits $84.7bn in Q1

Saudi Arabia’s gross fixed capital formation surged to SR317.5 billion ($84.7 billion) in the first quarter of 2024, marking a significant 7.9 percent increase compared to the same period last year, recent data has revealed. The Ministry…
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Business

Saudi finance companies see 13% asset surge amid favorable economic climate

Saudi Arabia’s finance companies witnessed a 13 percent year-on-year surge in total assets to SR64.2 billion ($17.12 billion) in 2023, newly released data from the Kingdom’s central bank has revealed. The figures show that amid increased…
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