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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 178.80 SAR | -2.13% |
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-6.14% | -1.65% |
| Feb. 01 | Germany's EnBW signs deal with Acwa for ammonia hydrogen pathway | RE |
| Feb. 01 | Hydrogen from Saudi Arabia to be Delivered via Rostock | DP |
Business description: ACWA Power Company

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 | Title | Age | Since |
|---|---|---|---|
Marco Arcelli
CEO | Chief Executive Officer | 54 | 2023-03-20 |
| 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 | 62 | 2020-12-31 |
Composition of the Board of Directors: ACWA Power Company
| Director | Title | Age | Since |
|---|---|---|---|
| Chairman | 64 | 2008-06-21 | |
Omar Al-Midani
BRD | Director/Board Member | 46 | 2018-06-17 |
Esmail Al-Sallom
BRD | Director/Board Member | 44 | 2019-07-13 |
Ahmed Al-Haqbani
BRD | Director/Board Member | 46 | 2022-01-04 |
Fahad Al-Saif
BRD | Director/Board Member | 49 | 2022-01-04 |
Raad Al-Saady
BRD | Director/Board Member | 51 | 2023-01-31 |
Ibrahim Al-Rajhi
BRD | Director/Board Member | 55 | 2018-06-21 |
Omar Al-Madhi
BRD | Director/Board Member | 45 | 2022-01-04 |
Sheila Khama
BRD | Director/Board Member | 68 | 2024-12-31 |
Chen Liming
BRD | Director/Board Member | 66 | 2025-01-04 |
Holdings: ACWA Power Company
| Name | Equities | % | Valuation |
|---|---|---|---|
| 92,799,995 | 58% | 42 M $ | |
| 60,004,800 | 27% | 14 M $ |
Company details: ACWA Power Company

Group companies: ACWA Power Company
| Name | Category and Sector |
|---|---|
ACWA Power Taweelah Project Holding Co. Ltd.
ACWA Power Taweelah Project Holding Co. Ltd. Functions as an investment holding company | |
ACWA Power SolarReserve Redstone Solar Thermal Power Plant | |
ACWA Power Management & Investments One Ltd.
ACWA Power Management & Investments One Ltd. Functions as a financing subsidiary/special purpose entity | |
ACWA Power for Energy
ACWA Power for Energy Develops, invests and operates power generation & desalinated water plants | |
ACWA Power for Energy
ACWA Power for Energy Develops, invests and operates power generation & desalinated water plants |
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% |
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