ACWA Power secures Rabigh 2 financing: ACWA Power stock is 11.18 percent above its low

Published on 10/12/2026 at 09:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rabigh 2 secured SAR 9.69 billion on October 1, 2026 for 2,313.50 MW. For ACWA Power stock, the stake is 40.00 percent.

Key points in brief

ACWA Power secured SAR 9.69 billion in financing for the Rabigh 2 expansion on October 1, 2026.
The project has 2,313.50 MW of planned capacity and ACWA Power holds a 40.00 percent stake.
ACWA Power stock was last at SAR 166.10 on October 11, 2026, 11.18 percent above its 52-week low.
First-half 2026 net income was SAR 653.20 million, while the next results date is November 3, 2026.

ACWA Power, SA15CGS10H12, Illustration mit AI erstellt.

ACWA Power stock was last at SAR 166.10 on October 11, 2026, placing it 11.18 percent above its 52-week low of SAR 149.40. The latest company event was the October 1 financial close for the SAR 9.69 billion Rabigh 2 expansion, reported by Argaam.

Rabigh 2 reaches financial close

According to Argaam, the financing supports a 2,313.50 MW combined-cycle gas-fired power plant in western Saudi Arabia. ACWA Power holds a 40.00 percent stake, and the financing has a tenor of approximately 34 years.

The project is designed to be ready for carbon capture, while commercial operations at the full plant are expected to begin in the second quarter of 2029. The financial impact therefore belongs to a longer project timetable rather than to the current reporting quarter.

Three milestones show the buildout

On August 6, 2026, ACWA Power reported SAR 653.20 million in net income for the first half of 2026, including SAR 308.40 million in the second quarter, according to Argaam. On September 22, Qassim 1 received initial commercial operation certification for 1,283 MW against total planned capacity of 1,896 MW, as reported by Gulf Daily News. The October 1 Rabigh 2 financing was the latest of the three milestones.

What does the funding mean for earnings?

The financing expands the project pipeline, but the disclosed financial impact begins in the second quarter of 2029. That timing matters because first-half 2026 net income of SAR 653.20 million was tied to a reporting period that ended on June 30, 2026, while Rabigh 2 remains in development.

Dates and stock valuation

The next reported earnings date is November 3, 2026, according to Dagens Aktie. The project financial impact is scheduled for the second quarter of 2029, per Enerdata.

Stock stays above its yearly low

ACWA Power stock had a market capitalization of SAR 127.2 billion as of October 11, 2026. Its 52-week range was SAR 149.40 to SAR 252.60, leaving the last quoted SAR 166.10 34.25 percent below the high and 11.18 percent above the low.