DUBAI- ACWA Power increased its shareholding to 74 percent in Saudi Arabia's Rabigh Arabian Water & Electricity Co. (RAWEC) after buying all of Marubeni Corp.’s stake, the Saudi company said in a statement on Monday.

RAWEC is the utilities provider to Rabigh Refining and Petrochemical Company, ACWA said.

(Reporting by Maher Chmaytelli, editing by Louise Heavens) ((;))