Company ACWA Power Company

2082

SA15CGS10H12

Multiline Utilities

Market Closed - Saudi Arabian S.E. Other stock markets 07:20:00 2024-12-04 am EST			5-day change	1st Jan Change
403.60 ^SAR	+2.44%		+12.30%	+57.36%

Dec. 03	ACWA Power Executive VP Discusses Business Plans	MT
Nov. 28	JPMorgan Cuts Acwa Power PT, Affirms Underweight Rating	MT

Business description: ACWA Power Company

Acwa Power Company SJSC is a Saudi Arabia-based company, which is engaged in development, investment, operation and maintenance of power generation, water desalination. It operates in following segments: Thermal and Water Desalination, which develops, invests, operates and optimizes plants that include Independent Power Plants (IPPs), Independent Water and Power Plants (IWPPs) and Independent Water Plants(IWPs); Renewables, which develops, invests, operates and optimizes Photovoltaic(PV), Concentrated Solar Power(CSP), Wind plants, and Hydrogen; and Others, which comprises activities of corporate functions and other items that are not allocated to the reportable operating segments. Its subsidiaries include ACWA Power Saudi Electricity and Water Development Company, Kahromaa Company, Multiple Shares Company, ACWA Power Bahrain Holdings W.L.L., ACWA Power Management and Investments One Ltd and ACWA Power Global Services Ltd, among others.

Number of employees: 3,538

Sales by Activity: ACWA Power Company

Fiscal Period: December	2019	2020	2021	2022	2023
Thermal and Water Desalination	2.08B	3.99B	4.32B	4.26B	4.52B
Renewables	-	817M	1.03B	1.02B	1.57B
Others	-	26.17M	17.46M	224K	5.08M
Services	2.39B	-	-	-	-
Inter-Segment Revenues	-353M	-	-	-	-

See all business segments

Geographical breakdown of sales: ACWA Power Company

Fiscal Period: December	2019	2020	2021	2022	2023
Kingdom of Saudi Arabia	1.51B	2.25B	2.35B	2.48B	3.09B
Middle East and Asia	-	-	2.48B	2.5B	2.36B
Africa	-	-	534M	303M	650M
Rest of World	152M	198M	-	-	-
South Africa	234M	44.71M	-	-	-
United Arab Emirates	579M	601M	-	-	-
Morocco	593M	395M	-	-	-
Jordan	681M	609M	-	-	-
Oman	800M	792M	-	-	-

See all geographic segments

Managers: ACWA Power Company

Director	Title	Age	Since
Marco Arcelli CEO	Chief Executive Officer	53	2023-03-20
Abdulhameed Al-Muhaidib DFI	Director of Finance/CFO	-	2022-08-28
Thomas Brostrom CIO	Chief Investment Officer	-	2023-09-30
Stefan Verlee COO	Chief Operating Officer	-	-
Bart Boesmans CTO	Chief Tech/Sci/R&D Officer	60	2020-12-31

See ACWA POWER COMPANY governance

Members of the board: ACWA Power Company

Manager	Title	Age	Since
Mohammad Abunayyan CHM	Chairman	62	2008-06-21
Omar Al-Midani BRD	Director/Board Member	44	2018-06-17
Abdullah Al-Rowais BRD	Director/Board Member	58	2019-07-13
Esmail Al-Sallom BRD	Director/Board Member	42	2019-07-13
Ahmed Al-Haqbani BRD	Director/Board Member	44	2022-01-04
Fahad Al-Saif BRD	Director/Board Member	-	2022-01-04
Madelyn Antonic BRD	Director/Board Member	-	2022-01-04
Raad Al-Saady BRD	Director/Board Member	-	2023-01-31
Ping Li BRD	Director/Board Member	70	2022-01-04
Ibrahim Al-Rajhi BRD	Director/Board Member	53	2018-06-21

Composition of the Board of Directors

Shareholders: ACWA Power Company

Name	Equities	%	Valuation
Public Investment Fund (Investment Company) 44.16 %	323,528,650	44.16 %	39 643 M ﷼
Vision International Investment Co. 22.75 %	166,650,513	22.75 %	20 420 M ﷼
Mohammad Abunayyan 3.645 %	26,704,754	3.645 %	3 272 M ﷼
State Street Global Advisors Ltd. 0.0431 %	315,791	0.0431 %	39 M ﷼
Amundi Asset Management SA (Investment Management) 0.0319 %	234,049	0.0319 %	29 M ﷼

List of ACWA POWER COMPANY shareholders

Holdings: ACWA Power Company

Name	Equities	%	Valuation
BARKA WATER AND POWER COMPANY SAOG 58.00%	92,799,995	58.00%	68,696,124 $

Company details: ACWA Power Company

ACWA Power Co.

Business Gate Office Complex Airport Road

11416, Riyadh

http://www.acwapower.com

Group companies: ACWA Power Company

Name	Category and Sector
ACWA Power Taweelah Project Holding Co. Ltd. ACWA Power Taweelah Project Holding Co. Ltd. Financial ConglomeratesFinance ACWA Power Taweelah Project Holding Co. Ltd. functions as an investment holding Emirati company. The private company is based in Dubai, United Arab Emirates.	Financial Conglomerates
ACWA Power Global Services LLC ACWA Power Global Services LLC Financial ConglomeratesFinance Part of ACWA Power Co., ACWA Power Global Services LLC is an Emirati company that provides investment and financial advisory services. The company is based in Dubai, United Arab Emirates.	Financial Conglomerates
ACWA Power SolarReserve Redstone Solar Thermal Power Plant
ACWA Power Management & Investments One Ltd. ACWA Power Management & Investments One Ltd. Finance/Rental/LeasingFinance ACWA Power Management & Investments One Ltd. provides investment services. It offers investment in industrial and commercial enterprises and management services. The company was founded on November 7, 2016 and is headquartered in Dubai, United Arab Emirates.	Finance/Rental/Leasing
ACWA Power for Energy ACWA Power for Energy Engineering & ConstructionIndustrial Services Part of ACWA Power Co., ACWA Power for Energy develops, invests, and operates power generation and desalinated water plants. The company is located in Saudi Arabia.	Engineering & Construction

See all subsidiaries

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