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Iran war slows Acwa Power projects and dents profit

By CityCalc Newsroom · Fri Aug 07 2026 · Source: AGBI

Saudi renewables company Acwa Power said net earnings weakened this year as the US-Iran war slowed the development of its projects across the GCC. Net profit fell 36 percent year on year to SAR308 million in the second quarter of 2026, pressured by a decline in development and c…

Saudi renewables company Acwa Power said net earnings weakened this year as the US-Iran war slowed the development of its projects across the GCC. Net profit fell 36 percent year on year to SAR308 million in the second quarter of 2026, pressured by a decline in development and c…

Curated by CityCalc from AGBI. Read the full article at the source.

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