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FINANCIAL NEWS
Saudi SAWEC buys 6 percent shareholding in Shuqaiq project
03 Apr 2014
(MENAFN) Saudi Arabian Water and Electricity Company (SAWEC) has recently acquired 6 percent indirect shareholding in Shuqaiq Water and Electricity Company (SqWEC), according to Arab News.
ACWA Power, owner of SAWEC, bought the stake from Mitsubishi Corporation of Japan (MC).
SqWEC owns an 850 MW power generation and 212,000 cubic meters per day of water desalination capacity at IWPP Plant in Shuqaiq.
The private sector ownership totals 60 percent of the project, while the government owns the 40 percent in two parts; 32 percent by the Public Investment Fund (PIF) and 8 percent by Saudi Electricity Company (SEC).
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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