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27 January 03:47 PM ACWA Power unveils new brand to drive global energy transition
Riyadh - Mubasher: ACWA Power Company unveiled a new brand identity that reflects its evolution from a Saudi pioneer to a global infrastructure platform serving people and communities, according to a press release. The rebranding aligns with the …
Global Economy
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7 January 12:19 PM Trinasolar expands Saudi Arabia’s footprint through collaborations with ACWA Power
Riyadh – Mubasher: Trinasolar, a global leader in smart PV and energy storage solutions, entered into strategic partnerships with ACWA Power Company to accelerate its presence in Saudi Arabia. The collaborations align with Trinasolar’s commitment …
Companies Investments
Photo Archive
31 December 2025 03:02 PM Alkhorayef Water awarded SAR 155m project contract
Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has awarded a SAR 155.09 million contract with Jeddah Amana Municipality on 30 December for 60 months. The project will reflect on the listed company’s financials during the second …
Companies Investments
Photo Archive
28 December 2025 05:31 PM ACWA Power signs $400m deal for desalination plant in Azerbaijan
Riyadh – Mubasher: ACWA Power Company inked a public-private partnership agreement with the government of Azerbaijan, represented by Azerbaijan State Water Resources Agency (ADSEA), at a value of $400 million (SAR 1.50 billion). The deal covers …
Companies Investments
KKR
23 December 2025 11:41 PM Global firm KKR unveils 1st investment in Saudi Arabia through partnership with ACWA Power
Riyadh – Mubasher: US private equity company KKR has entered into a strategic financing transaction with ACWA Power in a transaction that marks the first investment for KKR in Saudi Arabia, according to a press release. The collaboration …
Companies Investments
Photo Archive
16 December 2025 09:53 AM ACWA Power boosts energy, water projects in Africa via $5bn financing with AfDB
Riyadh – Mubasher: ACWA Power Company has signed a cooperation framework with the African Development Bank (AfDB) to expand investment and financing of power generation and water desalination projects across the African continent. Both sides plan …
Banking and Finance
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9 December 2025 04:19 PM ACWA Power, Bapco Energies to establish integrated solar power plant
Riyadh – Mubasher: ACWA Power Company and Bapco Energies signed a joint development agreement to establish a solar power plant integrated with large-scale battery energy storage technology in the Eastern Province of Saudi Arabia. The announcement …
Companies Investments
Photo Archive
9 December 2025 00:38 PM GASCO announces 2 key appointments
Riyadh - Mubasher: National Gas and Industrialization Company (GASCO) appointed  Abdulaziz Fahad Al Khayal as the board’s Chairman for the next four years. Mohammed Hamad Al Kathiri was also named as the Vice Chairman, according to a bourse …
Board of Directors
Elsewedy Electric KSA
26 November 2025 06:17 PM Elsewedy Electric unveils $40m facility in Riyadh as 1st local factory accredited by SEC
Cairo - Mubasher: Elsewedy Electric KSA, a subsidiary of Elsewedy Electric Company, has inaugurated a $40 million factory in Riyadh’s Elsewedy Industrial Complex, according to a press release. The strategic investment exceeding SAR 75 million …
Corporate Actions
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5 November 2025 07:05 PM Marafiq’s profits up to SAR 398m in 9M-25; revenues jump 8%
Riyadh – Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) generated 2.88% higher net profits at SAR 398.21 million in the first nine months (9M) of 2025. The recorded earnings were compared with SAR 387.06 million as of 30 …
Financial Results
Photo Archive
5 November 2025 05:35 PM SEC posts SAR 78.2bn revenues in 9M-25; profits down
Riyadh – Mubasher: Saudi Electricity Company (SEC) recorded net profits worth SAR 11.58 billion in the first nine months (9M) of 2025, an annual fall of 4.57% from SAR 12.14 billion. On the other hand, the revenues hiked by 17.60% year-on-year …
Financial Results
Photo Archive
5 November 2025 03:21 PM GASCO’s net profits exceed SAR 185.5m in 9M-25
Riyadh - Mubasher: The net profits of National Gas and Industrialization Company (GASCO) declined by 1.64% to SAR 185.60 million in the first nine months (9M) of 2025 from SAR 188.70 million. The earnings per share (EPS) amounted to SAR 2.47 as of …
Financial Results
Photo Archive
3 November 2025 11:09 AM ACWA Power’s revenues hike to SAR 5.3bn in 9M-25
Riyadh – Mubasher: ACWA Power Company generated net profits valued at SAR 1.28 billion in the first nine months (9M) of 2025, up 2.01% from SAR 1.25 billion in 9M-24. Revenues increased by 17.81% year-on-year (YoY) to SAR 5.37 billion in 9M-25 …
Financial Results
Photo Archive
28 October 2025 03:40 PM SEC signs SAR 1.3bn agreement for Samtah solar project
Riyadh - Mubasher: Saudi Electricity Company (SEC) penned a power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC) on 27 October. The PPA covers the development of the 600 megawatt (MW) Samtah solar PV power plant in …
Companies Investments
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26 October 2025 06:34 PM SEC inks SAR 12.8bn deals for 2 power plants
Riyadh - Mubasher: Saudi Electricity Company (SEC) penned power purchase agreements (PPAs) worth SAR 12.83 billion with the Saudi Power Procurement Company (SPPC) on 23 October. The deals cover the development of two large-scale combined-cycle gas …
Companies Investments
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19 October 2025 09:18 AM ACWA Power’s affiliate closes SAR 10.8bn financing for Qurayyah CCGT IPP project
Riyadh - Mubasher:  Hajar Two Electricity Company, an affiliate of ACWA Power company, has achieved financial close of the Qurayyah CCGT IPP expansion project in the Eastern province of Saudi Arabia at an amount of SAR 10.80 billion ($2.90 …
Banking and Finance
Photo Archive
18 September 2025 07:23 PM EIC’s units pen SAR 1.6bn joint agreements with SEC
Riyadh - Mubasher: WESCOSA and Saudi Transformers Company, subsidiaries of Electrical Industries Company (EIC), have signed a SAR 198.50 million agreement with Saudi Electricity Company (SEC) on 16 September. The 19-month deal covers the supply of …
Companies Investments
Photo Archive
16 September 2025 08:49 AM EIC’s subsidiaries pen SAR 785.5m supply deal with SEC
Riyadh – Mubasher: WESCOSA and Saudi Transformers Company, subsidiaries of Electrical Industries Company (EIC), inked a SAR 785.50 million agreement with Saudi Electricity Company (SEC) on 10 September. Through its subsidiaries, EIC will supply …
Companies Investments
Photo Archive
9 September 2025 01:51 PM Marafiq signs SAR 1.8bn agreement with SATORP
Riyadh - Mubasher: Power and Water Utility Company for Jubail and Yanbu (Marafiq) has signed a SAR 1.87 billion ($500 million) concession agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP), a subsidiary of Aramco. The …
Companies Investments
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7 September 2025 06:04 PM Miahona pens deals for water infrastructure projects in Uzbekistan
Riyadh - Mubasher: Miahona Company has signed two development agreements with the Government of the Republic of Uzbekistan to expand water and wastewater treatment infrastructure in Karakalpakstan. The first agreement was signed with the Ministry …
Companies Investments
Photo Archive
24 August 2025 08:42 AM ACWA Power secures SAR 12.8bn from regional, global banks for CCGT power plants
Riyadh - Mubasher: ACWA Power company achieved the financial close for two large-scale combined cycle gas turbine (CCGT) power plants at a value of SAR 12.80 billion ($3.40 billion). Located in Riyadh and the Eastern province of Saudi Arabia, …
Banking and Finance
Photo Archive
21 August 2025 08:10 PM ACWA Power commences operations at 3 solar IPPs in Saudi Arabia
Riyadh - Mubasher: ACWA Power company has received commercial operation certificates for three major solar projects in Saudi Arabia, holding a 50.10% stake in each, according to separate press releases. In the Qassim Region, Nawwar Renewable …
Companies Investments
Photo Archive
11 August 2025 03:32 PM SNB Capital leads SAR 7.1bn rights issue for ACWA Power; region’s largest capital hike
Riyadh - Mubasher: SNB Capital has completed a SAR 7.10 billion ($1.90 billion) rights issue for ACWA Power on the Saudi Exchange (Tadawul), marking one of the region's largest capital increases by value. The transaction involved issuing 33.93 …
Companies Investments
Photo Archive
11 August 2025 01:04 PM SEC records higher profits at SAR 6.2bn in H1-25; revenues hike 23.5%
Riyadh – Mubasher: Saudi Electricity Company (SEC) witnessed 19.26% year-on-year (YoY) higher net profits at SAR 6.25 billion in the first half (H1) of 2025, compared to SAR 5.24 billion. The group’s revenues hit SAR 47.22 billion as of 30 June …
Financial Results
Photo Archive
10 August 2025 06:54 PM GASCO posts 15% decline in H1-25 net profits
Riyadh - Mubasher: National Gas and Industrialization Company (GASCO) delivered a 15.15% drop in net profit to SAR 115.90 million during the first half (H1) of 2025, compared to SAR 136.60 million in H1-24. Revenues reached SAR 1.57 billion in the …
Financial Results