PIF-owned ACWA Power’s shares rise despite lower profits

Aqila Alasaeed
The shares price reached SR110.4 ($29.44), up from SR107.8 at the previous close. (Supplied)
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RIYADH: Leading Saudi utility firm ACWA Power Co. opened Thursday’s trading session with a gain of 0.18 percent, despite falling profit.

The share price reached SR110.60 ($29.49) as of 10:55 a.m. Saudi time, extending gains from SR110.4 a day earlier.

The shares moved up despite ACWA reporting a 17 percent decline in profit to SR744 million for 2021.

Topics: Finance Tadawul All Share Index (TASI) ACWA Power