IssuerAnnouncementDetailsV2Portlet
Actions
Announcement by ACWA Power Co. (“Acwa” or the “Company”) regarding the issuance of a government approval granting it the exclusive right to export green hydrogen and its derivatives, to achieve the objectives of producing, transmitting and exporting electricity generated from renewable energy sources to European and Arab markets.
| Element List | Explanation |
|---|---|
| Announcement Detail | ACWA Power Company (Acwa) announces to its shareholders the issuance of a government approval granting the Company the exclusive right to export green hydrogen produced in the Kingdom of Saudi Arabia and its derivatives, including green ammonia, green methanol, and green fuel manufactured using green hydrogen, to global markets, to achieve the national objectives.
The approval also assigned the Company to develop projects for the production, transmission, and export of electricity generated from renewable energy sources to the European and Arab markets.
Financial Impact: The Company will disclose any material developments and financial impacts in accordance with the applicable laws and regulations. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
Key Parameters
Last Price 185.0
Net Change -8.0 (-4.15%)
Value Traded (Sar) 76,201,057.2
Volume Traded 407,407
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions