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Sat 9 Feb 2008 04:00 AM

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ACWA acquires 40% of Emaar’s Multiforms

Saudi Arabian Company for Water & Power Development (ACWA Power Development) has acquired a 40% stake in Multiforms, an architectural façade specialist and subsidiary of Emaar Industries & Investments (EII).

Saudi Arabian Company for Water & Power Development (ACWA Power Development) has acquired a 40% stake in Multiforms, an architectural façade specialist and subsidiary of Emaar Industries & Investments (EII).

AK AL Muaidib & Sons Group and A Abunayyan Group own ACWA Power Development.

The company specialises in infrastructure projects development including water and energy application systems and wastewater management systems.

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