ACWA POWER Co. — Capital/Financing Update 2021

Dec 6, 2021

International Company for Water and Power Projects announces signing a Memorandum of Understanding with Natixis Corporate & Investment Banking.

2082 · 06/12/2021 08:09:13 · Announcement #65850 · View on Saudi Exchange

International Company for Water and Power Projects announces signing a Memorandum of Understanding with Natixis Corporate & Investment Banking.

Element List	Explanation
Introduction	The International Company for Water & Power Projects (‘ACWA Power’ or the ‘Company’) and Natixis Corporate & Investment Banking (Natixis CIB), a subsidiary of Groupe BPCE, signed a Memorandum of Understanding (MoU) stating their intention to collaborate on the advancement of ACWA Power's projects in the region.
Memorandum Signing Date	2021-12-04 Corresponding to 1443-04-29
Counterparty	Natixis Corporate & Investment Banking.
Memorandum Subject	ACWA Power signed a memorandum of understating with Natixis Corporate & Investment Banking to finance new projects.
Memorandum Duration	Over two years.
Related Parties	N/A
Financial Impact	The financial impact of this announcement cannot be determined at this stage.
Additional Information	The MOU paves the way for the two parties to explore opportunities to develop new projects in the region, including a renewable and clean energy, with an objective for Natixis CIB to finance up to approximately USD 2 billion over two years for ACWA Power's future project pipeline.

Since 2005, ACWA Power and Natixis CIB's relationship has increasingly grown, and Natixis has underwritten a number of ACWA Power's high-profile projects such as Sakaka Solar PV IPP, DEWA IV CSP/PV Hybrid IPP, and DEWA V Solar PV IPP.

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