ACWA POWER Company (2082.SR) SAU

204.70

-4.8(-2.29%)

Updated at September 08 03:19PM

Currency In SAR

ACWA POWER Company

Address

Business Gate Office Complex

Riyadh, Riyadh Province 11416

Saudi Arabia

Phone

966 11 283 5555

Sector

Utilities

Industry

Independent Power Producers

Employees

3538

First IPO Date

December 19, 2021

Key Executives

NameTitlePayYear Born
Mr. Marco Piero ArcelliChief Executive Officer01971
Mr. Mohammed Abdullah AbunayyanFounder & Non-Executive Chairman274,500N/A
Mr. Bart BoesmansChief Technology Officer0N/A
Mr. Raad Esmat Al SaadyMD & Executive Vice Chairman0N/A
Mr. Stefan VerleeChief Operations Officer0N/A
Mr. Faisal JaduChief People & Culture Officer0N/A
Mr. Simon WatsonChief Health, Safety, Security & Environment Officer0N/A
Mr. Abdulhameed Al MuhaidibChief Financial Officer0N/A
Mr. Thomas BrostromChief Investment & Development Officer0N/A
Mr. Ghassan H. ShawliChief Legal Officer0N/A

Description

ACWA Power Company invests in, develops, constructs, and operates power generation, green hydrogen, and desalinated water plants worldwide. It operates through Thermal and Water Desalination; Renewables; and Others segments. The company also engages in the leasing, installation, operation and maintenance, and contracting of electricity generation, water desalination, and steam plants; and distribution of electricity, desalinated water, and steam, as well as other related or auxiliary business activities. It generates power through a range of fossil fuel and renewable sources, such as oil, coal, gas, solar, hydrogen, and wind. The company operates 67 power generation and water desalination projects in Bahrain, the United Arab Emirates, Azerbaijan, the Kingdom of Saudi Arabia, Oman, Jordan, Egypt, South Africa, Turkey, and Vietnam. The company was formerly known as International Company for Water and Power Projects and changed its name to ACWA POWER Company in January 2022. ACWA Power Company was founded in 2004 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.