Acwa Power Co - Company Profile
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View moreAcwa Power Co (Acwa Power) 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
Industry
Power
Ticker Symbol & Exchange
2082 (SAU)
Revenue (2024)
$2.0B
17.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
5.4%
(2024 vs 2023)
Market Cap*
$37.7B
Net Profit Margin (2024)
XYZ
-10.5%
(2024 vs 2023)
* As of and is in US$
Acwa Power Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Desalinated Water | Operation and Maintenance of Power Plants |
| Green Hydrogen and Clean Fuels | Operation and Maintenance of Water Desalinization Plants |
| Electricity | Plant Mobilization and Commissioning |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Acquisitions/Mergers/Takeovers | In July, the company acquired a 32% stake in Shuaibah Water and Electricity Company from Water and Electricity Holding Company for US$225 million. |
| 2026 | Contracts/Agreements | In July, the company entered into a Public-Private Partnership and Power Purchase Agreement to develop, finance, construct, and operate the N’diago 230 MW Combined Cycle Gas Turbine power plant in Mauritania. |
| 2026 | Contracts/Agreements | In June, Acwa Power Philippines entered into a joint development agreement with Emerging Power, Inc. to develop up to 5,000 MW of renewable energy and gas-fired generation capacity across the Philippines. |
Competitor Comparison
| Key Parameters | Acwa Power Co | Saudi Energy 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 | - | 30,482 | 1,507 | 2,052 | 421 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| 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 | - | - |
| Eric Maka | Chief Construction Officer | Senior Management | 2024 | - |
| 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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