PIF-owned ACWA Power’s shares rise 2.41% despite lower profits

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RIYADH: Leading Saudi utility firm ACWA Power Co. closed Wednesday’s trading session with a gain of 2.41 percent, despite falling profit.

The shares price reached SR110.4 ($29.44), up from SR107.8 at the previous close.

The shares moved up despite ACWA reporting a 17 percent decline in profit to SR744 million for 2021.