• About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In
USSBCUSSBC
  • About Us
    • Overview
    • Board of Directors
    • Team Members
    • Careers & Internships
    • Contact Us
  • Membership
    • Member Directory
    • Member Benefits
    • Meet Our Members
    • Inquire Now
    • Apply Now
  • Services
  • Events
    • View All Events
    • USSBC Webinars
  • Reports
  • Resources
  • My Dashboard
  • Log In

Public Investment Fund Acquires 15.2 Percent Stake in ACWA Power

July 9, 2018 News Bulletin

July 09, 2018 — Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has acquired a 15.2 percent direct stake in ACWA Power, a producer and operator of power and water plants. PIF subsidiary Sanabil Direct Investment Company currently holds a 9.8 percent stake in ACWA Power, bringing PIF’s total shareholding to 25 percent. PIF’s investment into ACWA Power will be in the form of a capital increase. In February 2018, ACWA was awarded a 300MW solar project in Saudi Arabia by the country’s Renewable Energy Project Development Office.

Share
0

You also might be interested in

Saudi Arabia Leads Mena Region in Fintech Growth

Mar 29, 2023

The Saudi fintech market is witnessing unprecedented growth and in[...]

Business Opportunity: SABIC Behavioral Care Specialist Hospital

Business Opportunity: SABIC Behavioral Care Specialist Hospital

Jan 20, 2022

The U.S.-Saudi Business Council is pleased to bring to your[...]

18 New Cross-Border Commercial Agreements Signed During President Biden’s Saudi Visit

18 New Cross-Border Commercial Agreements Signed During President Biden’s Saudi Visit

Aug 4, 2022

On July 15, 2022, the Saudi Ministers of Energy, Investment,[...]

  • About Us
  • Membership
  • Visa Services
  • Events & Programs
  • Advisory Services
  • Resources
  • Store

Contact Us

Please feel free to send us a quick message and we'll get back to you, as soon as possible!

Send Message

United States Office

U.S.-Saudi Business Council
8000 Towers Crescent Drive Suite: 1275
P.O. Box: 1729
Vienna, Virginia 22182

703-962-9300

info@ussaudi.org

Saudi Arabian Office

Riyadh, Olaya Towers, Tower B – 18th Floor Kingdom of Saudi Arabia

966-11-476-2697
966-11-474-2555
966-11-474-3555

ussaudibc@us-sabc.org

Follow USSBC

Stay informed on the latest trends, opportunities, and key developments in the U.S. and Saudi markets, including government reforms and trade insights.

SUBSCRIBE

© 2025 — U.S.-Saudi Arabian Business Council | Web Design by Advanced Technical Solutions

  • Home
  • Contact Us
  • Become a Member
  • Privacy Policy
Prev Next