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- Dubai: Gold price jumps over Dh8 per gram to record high
- Closing Bell: Saudi main index rises to close at 10,912
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- UAE firms step up sustainability investment, outpace global peers: HSBC
- Mashreq launches fully digital home loan pre-approval for UAE buyers
- France eyes win-win partnerships with Kuwait as bilateral ties grow
- QSE sees advent of Qatar's first sustainability-compliant banking bond
11/01/2018 06:15 AST
Saudi Arabia's ACWA Power has invited banks to bid to arrange its initial public offer of shares, which is expected to value the company at up to $1 billion (Dh3.67 billion), sources told Reuters on Wednesday.
A request for proposals was sent to foreign and local banks last week, according to four sources, who declined to be named because of the commercial sensitivity of the matter. ACWA Power, a developer of electricity and water projects in the Middle East, Africa and Southeast Asia, did not immediately respond to a request for comment.
Gulf News
17/01/2018
Saudi Arabia-based ACWA Power, the power and desalination plant producer, could go public within the next two years, according to its CEO and President Paddy Padmanathan. ACWA, which has garnered a
Arab News
17/01/2018
The usage of blockchain technology will offer an untapped opportunity for the power generation sector, Saudi-based utility company ACWA Power said on Tuesday as it announced the adoption of Solarcoin
Gulf News
12/12/2017
Acwa Power, a major developer and operator of power and desalinated water plants, said its consortium with French water and energy management company Veolia and Oman-based Dhofar International Deve
Trade Arabia
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16/01/2026
Mashreq has launched an instant, fully digital home loan pre-approval service aimed at speeding up and simplifying the mortgage process for homebuyers in the UAE. The new offering allows eligible exp
Gulfnews
16/01/2026
The National Shipping Company of Saudi Arabia (Bahri) and the Saudi Iron & Steel Company (Hadeed) have signed a Letter of Intent (LOI) to explore potential cooperation in maritime transport to meet H
Trade Arabia
16/01/2026
IHC, a global investment company focused on building dynamic value networks, has announced a strategic framework with the US International Development Finance Corporation (DFC) to mobilise transforma
Trade Arabia
16/01/2026
stc group enabled a seamless digital experience for more than 12 million Riyadh Season visitors through smart networks, high-speed connectivity, and real-time performance monitoring
Advanc
Saudi Gazette
15/01/2026
Qatar Islamic Bank (QIB) reported a net profit of QR4.83bn in the fiscal year ended December 31, 2025, registering a 5% year-on-year (y-o-y) increase from QR4.60bn.
Basic earnings per share
Gulf Times
Financial Information Co.
Saudi Arabia