Riyadh – Mubasher: ACWA Power Management and Investments One Limited (APMIOne), a wholly-owned subsidiary of ACWA Power Company, purchased $400.72 million worth of ACWA39 bonds out of the $814 million principal value.

The pre-amortisation value of bonds after the expiration date will amount to $413.27 million, according to a bourse filing.

Meanwhile, the tender offer has expired and no further bonds can be purchased.

Last November, APMIOne raised the ACWA39 bond’s partial purchase value to $428 million from $400 million.

In the first nine months (9M) of 2022, the Tadawul-listed company’s net profits after Zakat and tax hiked by 110.37% year-on-year (YoY) to SAR 883.42 million from SAR 419.94 million.

Revenues went down by 1.47% to SAR 3.70 billion in 9M-22 from SAR 3.76 billion in 9M-21, whereas the earnings per share (EPS) enlarged to SAR 1.21 from SAR 0.65.