ACWA Power, a Saudi-listed company, has earmarked 53-60% of the proceeds from its SAR 7.12 billion rights issue for investments in the Middle East and North Africa (MENA) region. An additional 22-25% of the funds will be allocated for projects in Central Asia. The company plans to spend SAR 5.2-5.9 billion on current and future projects related to renewable energy, water, and gas in these regions. A maximum of SAR 1.4 billion is set aside for potential mergers and acquisitions, with SAR 352 million designated for general corporate purposes. The company's diverse portfolio comprises 94 projects in 13 countries, with a total investment cost of SAR 364.5 billion. These projects encompass renewable energy, water desalination, green hydrogen, and flexible generation initiatives. ACWA Power's projects are at various stages, with 52 operational projects valued at SAR 196.9 billion, 24 under construction at SAR 109.5 billion, and 18 in the advanced development stage valued at SAR 58.1 billion. The shareholder vote scheduled for June 30, 2025, will decide on the capital increase proposed through the rights issue. This move reflects ACWA Power's strategic focus on expanding its presence in MENA and Central Asia, signaling a positive trajectory for the company's future growth and project development.