ACWA Power International acquired 9.98% stake in Qurayyah Investment Company from Samsung C&T Corporation (KOSE:A028260) for $25 million on March 8, 2021. As part of the transaction, a Call and Put Option Agreement was negotiated. Nabil A. Issa, Mohammed AlAmmar and Simon Rahimzada of King & Spalding LLP acted as legal advisor to Samsung C&T Corporation.

ACWA Power International completed the acquisition of 9.98% stake in Qurayyah Investment Company from Samsung C&T Corporation (KOSE:A028260) on March 8, 2021.