Deals
Saudi Arabia’s Acwa Power Set to Raise $1 Billion in Sukuk Sale
- Company will use money to help fund Jazan natural gas project
- Acwa will look to sell shares on the Riyadh bourse after sukuk
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Saudi Arabia’s Acwa Power International, half-owned by the kingdom’s sovereign wealth fund, is planning to raise about $1 billion by selling Islamic bonds early next year, according to people familiar with the matter.