A Saudi Acwa Power-generating windmill is pictured in Jbel Sendouq, on the outskirts of Tangier, Morocco. - Reuters filepic
RIYADH: ACWA Power International, Saudi Arabia’s first US$1bil (RM4.18bil) initial public offering (IPO) since Aramco, is set to start trading in Riyadh today.
The US$1.2bil (RM5.01bil) IPO drew interest from investors looking for exposure to a business seen as key to the kingdom’s plans to diversify its economy away from oil.
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