ACWA POWER Co. Announces Obtaining a Non-Recourse Project Finance basis

Element List	Explanation
Introduction	ACWA Power Company announces achieving Financial Close for Two (2) Large-Scale Combined Cycle Gas Turbine (“CCGT”) Power Plants, namely Rumah-1 and Al-Nairyah-1, located in the Riyadh province and Eastern province of Saudi Arabia, with a total production capacity of 1,800 MW for each plant.

ACWA Power’s effective shareholding in each project is 35%. Date of obtaining the funding 2025-08-21 Corresponding to 1447-02-27 Financing entity The financing was secured by a consortium of local, regional, and international lenders, along with an export credit agency. The lending group includes Export-Import Bank of Korea (KEXIM), Saudi National Bank, Saudi Investment Bank, Banque Saudi Fransi, Standard Chartered Bank, Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, and Arab Petroleum Investments Corporation Financing amount. SAR 12.8 billion (USD 3.4 billion) Financing duration. Approximatively 28 years. Guarantees offered for the financing For ACWA Power, limited to its equity bridge loan, early generation revenue amount, standby equity and reserve account. Financing objective Develop, Build, Own and Operate for two CCGT Power Plants Related Parties 1) Saudi Electricity Company “SEC”

2) Saudi National Bank

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.