EFG Hermes Completes Successful Advisory Of ACWA Power’s US$1.2 Billion Listing On Saudi Stock Exchange, Tadawul – Entrepreneur

EFG Hermes Completes Successful Advisory Of ACWA Power’s US$1.2 Billion Listing On Saudi Stock Exchange, Tadawul – Entrepreneur

The Investment Banking division of EFG Hermes, a financial services corporation in frontier emerging markets, has completed advisory to ACWA Power on its SAR4.5 billion (US$1.2 billion) initial public offering on the Saudi Stock Exchange (Tadawul).

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ACWA Power debuted on Tadawul under the energy sector with the symbol 2082, offering 81,199,299 shares which represent 11.1% of the company’s share capital at an offer price of SAR56 per share, implying a market capitalization of SAR41 billion ($10.9 billion).