Middle East Economic Survey
ACWA Power Completes Sale Of Enara Minority Stake To IFC
ACWA Power International, the Saudi water desalination and power generation company, announced the completion of the sale of a minority stake in Enara Energy Investments to International Finance Corporation (IFC), a member of the World Bank Group, on 22 August. According to the agreement, IFC invested around $10.5mn for the equity in Enara. ACWA now owns 65% of Enara,...