Amarenco Solar Limited agreed to acquire unknown majority stake in Spectrum International for Renewable Energy Ltd from Al - Eqbal Investment Co. (PLC) (ASE:EICO) on March 31, 2022. Ernst & Young acted as due diligence provider and financial advisor to Amarenco Solar Limited.

Amarenco Solar Limited completed the acquisition of unknown majority stake in Spectrum International for Renewable Energy Ltd from Al - Eqbal Investment Co. (PLC) (ASE:EICO) on March 31, 2023, which is an estimated completion date.