Saudi Arabia · Delayed Price · Currency is SAR ACWA Power Company Company Description
ACWA Power Company, together with its subsidiaries, engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.
The company operates through Thermal and Water Desalination; Renewables; and Others segments. It generates power through fossil fuel, such as oil, coal, and gas.
The company also sells electricity, desalinated water, and green hydrogen and/or green ammonia. In addition, it installs, maintains, and operates contracting of electricity generation, and desalination plants; generating renewable energy using photovoltaic, concentrated solar power, wind plants, and hydrogen sources; and provision of financial advisory, book-keeping and reporting, tax compliance, and related services, as well as reinsurance services.
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.
| Country | Saudi Arabia |
| Founded | 2004 |
| Industry | Independent Power Producers |
| Sector | Utilities |
| Employees | 3,538 |
| CEO | Marco Arcelli |
Contact Details
Address: Exit 8 Riyadh, 11416 Saudi Arabia | |
| Website | acwapower.com |
Stock Details
| Ticker Symbol | 2082 |
| Exchange | Saudi Stock Exchange |
| Fiscal Year | January - December |
| Reporting Currency | SAR |
| ISIN Number | SA15CGS10H12 |
| SIC Code | 4911 |
Key Executives
| Name | Position |
|---|---|
| Marco Arcelli | Chief Executive Officer |
| Abdulhameed Al Muhaidib | Chief Financial Officer |
| Stefan Verlee | Chief Operating Officer |