Saudi Arabia’s Acwa Power Co. is planning to raise 7.1 billion riyals ($1.9 billion) by issuing stock to existing shareholders, capitalizing on a more than sixfold increase in its share price since a 2021 listing.
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Abu Dhabi’s Taqa, Criteria Drop Talks to Buy $26 Billion Spanish UtilityAbu Dhabi National Energy Co. and Criteria Caixa SA have ended talks to jointly take over a €24 billion ($26 billion) Spanish utility.
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Investors flock to Saudi Aramco share sale that could raise $13-billionDemand was greater than the stock on offer, signalling Riyadh’s appeal to foreign investors as Saudi Arabia continues to overhaul its economy
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Saudi Arabia kicks off landmark Aramco share sale to raise up to $13 billionExplore stories from Atlantic Canada.
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Saudi Arabia Set to Launch $10 Billion Aramco Share Sale SundaySaudi Arabia is preparing to formally launch a secondary offering of shares in oil giant Saudi Aramco as soon as Sunday that could raise more than $10 billion, according to people familiar with the matter.
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Saudi Arabia plans Aramco share sale as soon as June, sources sayThe offering could raise around $10-billion, a person familiar with the move said, as the Saudi government continues to put an expanded private sector and non-oil growth at the centre of its development
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Saudi Aramco shares trade higher after share offeringSaudi Aramco’s share offering is expected to raise at least $11.2 billion
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