article author: ARAB NEWS Sun, 2026-05-10 15: 22 RIYADH: Saudi utility developer Acwa reported first-quarter net profit of SR345 million ($91. 5 million), although earnings declined from a year earlier as the company expanded its renewable energy portfolio. Net profit fell from SR427 million a year earlier, which Acwa attributed to lower development and construction-related income following an unusually strong first quarter in 2025 driven by larger-scale projects. Main category: Business & Economy Finance Tags: ACWA
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