Saudi Arabia’s Public Investment Fund Acquires 15.2% Stake in ACWA Power

HSBC was the sole financial advisor to PIF and JP Morgan acted as the sole financial advisor to ACWA Power

July 6, 2018

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The Public Investment Fund (PIF) of Saudi Arabia has acquired a 15.2 percent stake in International Company for Water and Power Projects (ACWA Power), a developer, owner, and operator of power generation and water desalination plants. PIF and ACWA Power jointly announced the acquisition.

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Saudi Arabia’s Public Investment Fund Acquires 15.2% Stake in ACWA Power

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