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ACWA Power's major shareholder Al Rajhi Holding Group plans to transfer ownership of its shares

RIYADH: Saudi ACWA Power is set for a change in its major shareholder list as Al Rajhi Holding Group, with an 11.205 percent stake, plans an internal transaction, transferring ownership to the investment portfolios of its affiliated companies.ย  In a bourse filing, ACWA Power stated that it has received a letter from Al Rajhi expressing its intent to carry out...
Saudi Arabia Ar Riya Yasmine El Tohamy Albaraa Al Wazir World Bank Investment Fund

Moody's upgrades Oman's credit rating to Ba1, with stable outlook

RIYADH: Further improvement in Omanโ€™s debt burden led US-based Moodyโ€™s Investors Service to upgrade its credit rating for the second consecutive time this year from โ€œBa2โ€ to โ€œBa1โ€.ย  The upgrade in rating is attributed to improvements in debt affordability metrics, according to a statement.ย  This positive shift primarily results from spending restraints and the utilization of additional revenues in reducing...
Saudi Arabia Ar Riya Yasmine El Tohamy Albaraa Al Wazir Investment Fund National Development Fund

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