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 2020 (SAR) 2021 (SAR) 2022 (SAR) 2023 (SAR) 2024 (SAR)

Thermal and Water Desalination

3.99B 4.32B 4.26B 4.52B 4.86B

Renewables

817M 1.03B 1.02B 1.57B 1.43B

Others

26.17M 17.46M 224K 5.08M 6.28M

Geographical breakdown of sales: ACWA Power Company

Fiscal Period: December 2020 (SAR) 2021 (SAR) 2022 (SAR) 2023 (SAR) 2024 (SAR)

Kingdom of Saudi Arabia

2.25B 2.35B 2.48B 3.09B 3.33B

Middle East and Asia

- 2.48B 2.5B 2.36B 2.35B

Africa

- 534M 303M 650M 616M

Rest of World

198M - - - -

South Africa

44.71M - - - -

United Arab Emirates

601M - - - -

Morocco

395M - - - -

Jordan

609M - - - -

Oman

792M - - - -

Executive Committee: ACWA Power Company

Manager TitleAgeSince
Chief Executive Officer 54 2023-03-20
Director of Finance/CFO - 2022-08-28
Chief Investment Officer - 2023-09-30
Chief Operating Officer - -
Chief Tech/Sci/R&D Officer 62 2020-12-31

Composition of the Board of Directors: ACWA Power Company

Director TitleAgeSince
Chairman 64 2008-06-21
Director/Board Member 46 2018-06-17
Director/Board Member 44 2019-07-13
Director/Board Member 46 2022-01-04
Director/Board Member 49 2022-01-04
Director/Board Member 51 2023-01-31
Director/Board Member 55 2018-06-21
Director/Board Member 45 2022-01-04
Director/Board Member 68 2024-12-31
Director/Board Member 66 2025-01-04

Shareholders: ACWA Power Company

NameEquities%Valuation
Public Investment Fund (Investment Company)
42.55 %
326,122,703 42.55 % 16 287 M ﷼
Vision International Investment Co.
21.92 %
167,986,717 21.92 % 8 389 M ﷼
3.38 %
25,910,855 3.38 % 1 294 M ﷼
Sjunde AP-fonden
0.0475 %
363,742 0.0475 % 18 M ﷼
State Street Global Advisors Ltd.
0.0246 %
188,737 0.0246 % 9 M ﷼

Holdings: ACWA Power Company

NameEquities%Valuation
92,799,995 58% 42 M $
60,004,800 27% 14 M $

Company details: ACWA Power Company

ACWA Power Co.

Business Gate Office Complex

11416, Riyadh

+

http://www.acwapower.com
address ACWA Power Company(2082)

Group companies: ACWA Power Company

NameCategory and Sector
ACWA Power SolarReserve Redstone Solar Thermal Power Plant

Other Multiline Utilities

Change 5d. change 1-year change 3-years change Capi.($)
-2.13%-6.14%-54.46%+23.22% 37.32B
-2.85%+5.50%-0.97%-3.15% 96.72B
+1.88%+2.94%+35.87%+24.81% 87.79B
+1.61%+1.92%+66.04%+101.83% 75.32B
+2.54%+3.10%+9.11%+14.17% 58.55B
+1.16%+0.50%+57.17%+80.42% 55.55B
+1.63%+0.86%+86.65%+36.21% 45.33B
-2.24%-1.29%+15.91%+24.90% 42.6B
+2.49%+2.01%-0.82%+37.18% 41.53B
+1.46%+1.70%+8.83%+23.72% 28.61B
Average +0.55%+1.51%+22.33%+36.33% 56.93B
Weighted average by Cap. +0.46%+2.24%+25.52%+36.24%
Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
SELL
Number of Analysts
9
Last Close Price
182.70SAR
Average target price
169.25SAR
Spread / Average Target
-7.36%

Quarterly revenue - Rate of surprise

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