Saudi Investment Fund acquires 15.2% of Aqua Power

The Saudi Investment Fund acquires 15.2% of Aqua Power

The Saudi Investment Fund's share in Aqua Power is directly and indirectly 24.98% Middle East ")

Riyadh:" Middle East Online "

The Saudi Public Investment Fund announced Wednesday that it had formally acquired 15.2% of Aqua Power, an operator of power plants and desalination plants and power plants, in the form from a capital increase of the company. (19459012) According to an official statement announced by the Fund and Aqua Power, this ratio is added to the proportion of the Saudi investment company (Sanabel Investment), wholly owned by the Public Investment Fund which has invested in 2013 in the company Aqua Power. "Ben (9.98%) This will be the total share of the Fund in the Company directly and indirectly 24.98%.
This investment is included in the program of the Public Investment Fund which aims to launch and develop new sectors to support and accelerate the growth of Saudi companies and innovative companies, "We have strong long-term growth potential and consider it a long-term strategic investment, with a solid badet base and a track record innovative projects, "said a spokesman for the Public Investment Fund, both domestic and global.
" The approval of this investment by the Fund underscores the central role that the company plays in the Kingdom's economy and our successful international expansions, all geared towards achieving the Vision 2030 goals. "" Aqua Power has a strong track record of innovation in the renewable energy sector. es, with the lowest solar PV (2.34 US cents per kilowatt hour) recently recorded in the "Sakka" solar energy And a solar photovoltaic 300 MW, first solar project in Saudi Arabia.

Saudi Arabia