ACWA POWER intends to purchase 2 million of its shares and keeping them as treasury shares

ACWA POWER Co. announced on Thursday its intention to purchase 2 million of its Shares and keep them as treasury shares under employee share-based long-term incentive scheme.
Financing will be through the company’s internal resources, provided that Extraordinary General Assembly Consent must be obtained for the Purchase.
Also, conditions of financial appropriateness, as provided in paragraph three of article seven of the executive regulations of the corporate law for listed companies, shall be met.