ACWA Holding

In December 2013, ACWA Holding has announced the acquisition of the insolvent Flabeg GmbH. The asset deal has been made through ACWA Holding’s solar energy subsidiary SUN & LIFE, a Middle Eastern Leading Solar Energy Player. Following the takeover, FLABEG GmbH was renamed FLABEG FE GmbH.

Founded in 2002 as Arabian Company for Water and Power Development, ACWA Holding is owned by Al Muhaidib Group and Abdullah Abunayyan Group.

ACWA Holding is one of the leading infrastructure development companies with focus on the Power & Water, Utilities & Services, Industrial Manufacturing, Construction & Contracting, Transportation and Environment segments. The fair value of its existing investment portfolio is above USD 1.33 bln. Projects under execution through various subsidiaries are around USD 7.03 bln.

Apart from significant presence in Saudi Arabia, subsidiaries have footprints in 6 countries across Middle East, Africa and Europe.

Find out more information on ACWA Holding here.