Acwa Power Co - Company Profile
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View moreAcwa Power Co (Acwa Power) formerly the International Company for Water and Power Projects, primarily engages in the development, investment, and operation of power generation and water desalination plants. Its major services include the production of electricity and desalinated water, delivered on a bulk basis. Acwa Power serves state utilities and industries through long-term offtaker contracts under utility services outsourcing and Public-Private Partnership models. The company operates across various markets, providing essential services to meet the needs of its clients. Acwa Power is present in multiple countries across the Middle East, Africa, Central Asia, and Southeast Asia, targeting these regions as its primary markets. Acwa Power is headquartered in Riyadh, Saudi Arabia.
Headquarters
Saudi Arabia
Address
Ground Floor, Building 1, Business Gate Office Complex, Airport Road, Riyadh, 11416
Website
www.acwapower.com
Telephone
966 112 835555
No of Employees
4,175
Industry
Power
Ticker Symbol & Exchange
2082 (SAU)
Revenue (2025)
$2.0B
17.7%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
5.4%
(2025 vs 2024)
Market Cap*
$37.2B
Net Profit Margin (2025)
XYZ
-10.5%
(2025 vs 2024)
* As of and is in US$
Acwa Power Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Desalinated Water | Operation and Maintenance of Power Plants |
| Electricity | Operation and Maintenance of Water Desalinization Plants |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In February, the company signed a memorandum of understanding with EnBW Energie Baden-Wurttemberg AG, ROSTOCK PORT GmbH, and VNG AG to create a green ammonia corridor from Acwa’s Yanbu project. |
| 2025 | Contracts/Agreements | In December, the company and Bapco Energies entered into a contract to develop a solar-plus-storage project in Saudi Arabia. |
| 2025 | Contracts/Agreements | In December, the company signed a Cooperation Framework with the African Development Bank to enhance collaboration in the development, investment, and financing of power generation and water desalination initiatives throughout the African continent. |
Competitor Comparison
| Key Parameters | Acwa Power Co | Saudi Electricity Co | Power and Water Utility Company for Jubail and Yanbu | Jordanian Electric Power Co Ltd | TAQA Morocco SA |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Jordan | Morocco |
| City | Riyadh | Riyadh | Jubail | Amman | El Jadida |
| State/Province | Riyadh | Riyadh | Eastern Province | - | - |
| No. of Employees | 4,175 | 28,414 | 1,507 | 2,052 | 440 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Samir Serhan | Chief Executive Officer | Senior Management | - | - |
| Abdulhameed Al Muhaidib | Chief Financial Officer | Senior Management | - | - |
| Ghassan H. Shawli | Chief Legal Officer | Senior Management | - | - |
| Tahir Mahmood | Chief Risk Officer | Senior Management | - | - |
| Faisal Jadu | Chief People and Culture Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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