ACWA Power acquires Shuaibah Water and Electricity

ACWA Power agreed to acquire Shuaibah Water and Electricity. Reported deal value: Undisclosed. Status: Completed. Sector: Utilities. Target headquarters context: Jeddah, Makkah, Saudi Arabia.

This page summarizes publicly available information about the transaction as of 2026-03-15. Figures and status may change as filings and press coverage update.

ACWA Power completed the acquisition of Badeel Co. entire stake in Shuaibah Water and Electricity Co. , which represents 32% of its capital.In a statement to Tadawul, Acwa said that all closing conditions have been satisfied, including approvals of regulatory authorities, shareholders and lenders.According to data available with Argaam, the utility provider signed a share purchase agreement in December 2025 to buy the entire stake held by Badeel, a subsidiary of the Public Investment Fund, in Shuaibah IWPP for SAR 843.32 million .The company previously said the buyer is Al Waha Projects Co....