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    2082   SA15CGS10H12

ACWA POWER COMPANY

(2082)
  Report
End-of-day quote Saudi Arabian Stock Exchange  -  2022-11-23
141.40 SAR   +1.14%
11/24Acwa Power : to expand Indonesian portfolio via an extensive renewable energy and green hydrogen partnership with PT Perusahaan Listrik Negara (PLN)
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11/23Acwa Power : set to collaborate with Indonesia's PERTAMINA NRE to energise Tuban Refinery
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11/17Egypt close to deals on 1GW of solar and wind projects
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AfrElec: Saudi ACWA Power announces plans to expand into Moroccan market

09/15/2022 | 02:09am EST

Saudi renewable energy and power generator group ACWA Power has announced plans to expand in the Moroccan market over the coming few years as part of a wider strategy to enter African markets, including South Africa, the group's CEP Paddy Padmanathan told daily Arab News on Wednesday, September 14. 

The increasing need to guarantee water security in the MENA region to meet the needs of a growing population is pushing governments in the region to implement water desalination projects, Padmanathan said, noting that global demand for water will grow by 30% by 2030. 

ACWA Power has operations in the UAE, Bahrain and Oman, and has a portfolio of developing seawater desalination facilities. Now the group wants to share its experience in water-stressed Morocco while keeping desalination costs low.

Morocco suffers from low rainfall, rising temperatures and droughts that pose water supply challenges. 

©2022 bne IntelliNews , source Magazine

All news about ACWA POWER COMPANY
11/24Acwa Power : to expand Indonesian portfolio via an extensive renewable energy and green hy..
PU
11/23Acwa Power : set to collaborate with Indonesia's PERTAMINA NRE to energise Tuban Refinery
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11/17Egypt close to deals on 1GW of solar and wind projects
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11/15Acwa Power : The Sovereign Fund of Egypt joins ACWA Power as co-investor of 1.1 GW Wind En..
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11/15Pertamina NRE and ACWA Power Collaborate to Support Tuban Grass Root Refinery
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11/08Acwa Power : set to explore bringing on Oman Investment Authority as co-investor for 1.1GW..
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11/03Transcript : ACWA POWER Company, Nine Months 2022 Earnings Call, Nov 03, 2022
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11/03Acwa Power : Interim Cons FS for the three and nine months periods ended 30 September 2022
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11/03Acwa Power : Earnings Call Presentation for the three and nine months period ended 30 Sept..
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11/03Acwa Power : Investor Report for the three and nine months periods ended 30 September 2022
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More news
Financials
Sales 2022 4 334 M 1 153 M 1 153 M
Net income 2022 1 723 M 459 M 459 M
Net Debt 2022 27 266 M 7 257 M 7 257 M
P/E ratio 2022 60,0x
Yield 2022 0,96%
Capitalization 103 B 27 512 M 27 512 M
EV / Sales 2022 30,1x
EV / Sales 2023 25,4x
Nbr of Employees 3 538
Free-Float 18,2%
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Technical analysis trends ACWA POWER COMPANY
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Mean consensus UNDERPERFORM
Number of Analysts 4
Last Close Price 141,40 SAR
Average target price 99,12 SAR
Spread / Average Target -29,9%
EPS Revisions
Managers and Directors
Paddy Padmanathan Vice Chairman & Chief Executive Officer
Abdulhameed Al-Muhaidib Manager-Corporate Finance
Mohammad bin Abdullah Rashid Abunayyan Non-Executive Chairman
Bart Boesmans Chief Technology Officer
Julio Torre Guiterrez Chief Operations & Maintenance Officer
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