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ACWA Power Company announces the start of operation for Umm Al Quwain IWP.

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Announcement Detail ACWA Power Company announces the start of operation for water desalination at Umm Al Quwain IWP (Naqa’a) located in Emirate of Umm Al Quwain, UAE, having capacity of 681.9 thousand cubic meter/day desalinated potable water. ACWA POWER owns a net stake of 40% in Umm Al Quwain IWP.

The financial impact pertaining to the final operating phase of the project is expected from Q3 2022 financial results onwards.

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.

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