RIYADH: Saudi Arabia’s utility developer ACWA Power currently holds over a $67 billion investment portfolio, revealed its chief financial offier. The company, which builds power and desalinated water plants, currently has 60 percent of its projects in progress and 40 percent in development stages. In the UAE, it has invested $10 billion in renewable energy, water desalination,
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, announced cha.
RIYADH: Saudi Arabia’s ACWA Power has appointed Abdulhameed Al-Muhaidib as the new chief financial officer, according to a statement. Serving as the deputy CFO since January 2022, Al-Muhaidib has been with ACWA Power for 13 years, initially serving in corporate finance positions, before taking on project leadership roles in managing two projects under the company’s portfolio.