The Saudi giant of renewables and hydrogen landed on the Riyadh list with an operation that investors liked more than Saudi Aramco’s historic IPO
by Sissi Bellomo
The Saudi stock exchange also likes renewables more than oil. At least so it seems, judging by the success of the listing of Acwa Power International, which landed on Monday 11 October on the Tadawul list with more flattering results than those obtained three years from the historic Ipo of Saudi Aramco.
Of course, everything is on a smaller scale: Aramco had raised 29.4 billion dollars and Acwa only 1.2 billion. But the Ipo of the energy company – engaged at home and abroad in the development of ambitious …