Core Insights - ACWA Power has successfully acquired gas-fired power generation and water desalination assets from Engie SA's subsidiary, enhancing its operational capacity in Bahrain and Kuwait [2][3][6]. Group 1: Acquisition Details - The acquisition includes gas-fired power generation assets with a capacity of 4.6 gigawatts (GW) and water desalination assets capable of producing 1.1 million cubic meters per day [2][6]. - The total cost of the acquisition is SAR 2.59 billion (approximately $693 million) [7]. - The deal encompasses associated operations and maintenance companies, further solidifying ACWA Power's presence in the region [6]. Group 2: Regulatory and Transaction Status - The acquisition has been completed after fulfilling all conditions outlined in the sale and purchase agreement, including obtaining necessary regulatory approvals in Bahrain [3]. - In Kuwait, a few customary technical conditions remain to be addressed before finalizing the transaction [4].