The Board of Directors (the ‘Board’)

Profile

Mr Mohammad Abunayyan, a Saudi national, the Founder and Chairman of the Board of Directors of ACWA power, a publicly listed company in the Saudi Stock Exchange (Tadawul), that is driving the energy transition through transformative solutions in clean energy, water desalination, and green hydrogen.

An accomplished business leader with over four decades of experience in varied sectors, Mr Abunayyan is widely recognised as a key authority in the water and energy sectors globally.

Under his strategic leadership, ACWA Power has emerged as an agile, high growth, power and water champion that is enabling Saudi Vision 2030 goals and delivering power and water, reliably and responsibly, at low cost, to communities across the world.

Founded in 2004, ACWA Power has expanded rapidly and is currently operating in 12 countries across the Middle East, Africa, Central Asia and Southeast Asia.

Mr Abunayyan has embedded cost leadership, technological expertise, and operational excellence within the Company’s operating model and established strong public‑private sector partnerships with a clear purpose to deliver the highest level of sustainable value to all stakeholders, while also focusing on driving community impact. He is a strong advocate and enabler of local talent and content in all the markets that ACWA power operates in.

Mr Abunayyan also serves as Chairman of Vision International Investment Company (Vision Invest), Dussur and is on the executive board of numerous reputed organisations in the Kingdom and the region.

Academic and Professional Qualification

• High school diploma, Alyamamah High School, Saudi Arabia, 1979G

Current Positions

• Non‑Executive Chairman, ACWA Power
• Non‑Executive Member, Advisory Committee to Zakat, Tax and Customs Authority
• Non‑Executive Director, General Authority for Foreign Trade
• Non‑Executive Chairman, Vision Company for Industry
• Non‑Executive Vice‑Chairman, SAL (Saudi Arabian Logistics Company)
• Non‑Executive Chairman, Saudi‑Uzbek Business Council
• Non‑Executive Chairman, Tarabot Air Cargo Services Company
• Non‑Executive Chairman, Data Volt Investment Company LLC
• Non‑Executive Chairman, Data Volt Information Technology
• Non‑Executive Director, Family Gold Company
• Non‑Executive Director, Mohammed Abunayyan LLC
• Non‑Executive Director, Shuaa Energy 3 PSC
• Non‑Executive Chairman, Saudi side Chairman of the Advisory Committee from Private Sector, the Saudi – Emirati Coordination Council
• Non‑Executive Director, Jizan Integrated Gas and power Transformation Company
• Non‑Executive Director, Higher Education Fund
• Non‑Executive Director, Noor Energy 1 PSC
• Non‑Executive Chairman, Saudi Arabian Industrial Investments Company (DUSSUR)
• Non‑Executive Director, Hassyan Energy Phase 1 PSC
• Non‑Executive Chairman, Jazan Gas Projects Company
• Non‑Executive Director, Shuaa Energy 1 PSC
• Non‑Executive Chairman, Arabian Qudra Energy Limited Company
• Non‑Executive Chairman, Air Products Qudra For Energy
• Non‑Executive Director, Saudi Arabian Industrial Investments Company (DUSSUR)
• Non‑Executive Chairman, Saudi Airlines Cargo Company
• Non‑Executive Director, Lafana Investment Company
• Non‑Executive Director, Rafal Real Estate Development Company
• Non‑Executive Vice Chairman, Tarabot Development and Investment Company
• Non‑Executive Chairman, Saudi Tabreed Company
• Non‑Executive Chairman, Vision International Investment Company
• Non‑Executive Director, Neom Green Hydrogen Company Ltd
• Non‑Executive Director, Hassyan Water Company A PSC
• Non‑Executive Member, Advisory Council for Saudi Indian Relations
• Non‑Executive Director, Ministry of Finance Advisory Council

Past Professional Experience

• Non‑Executive Founding Board member, NEOM Investment Fund
• Non‑Executive Director, Local Content and Procurement Authority
• Non‑Executive Director, King Abdulaziz Historical Center
• Non‑Executive Chairman, Yanbu Project Company for Electric power
• Non-Executive founding Board member, NEOM Industrial City
• Non‑Executive Director, Industrial Board
• Non‑Executive Vice Chairman, Etihad Energy International Company
• Non‑Executive Vice Chairman, Global Ports and Rails
• Non‑Executive Chairman, Qurayyah project limited Company
• Non‑Executive Director, Welspun Middle East Pipes Company
• Non‑Executive Chairman, Qurayyah Investments Company
• Non‑Executive Chairman, Hajr for Electricity Production Company
• Non‑Executive Director, ACWA Power Khalladi
• Non‑Executive Director, Pohang Iron and Steel Company
• Non‑Executive Chairman, Al Mourjan for Electricity Production
• Non‑Executive Chairman, Rabigh Investments Company
• Non‑Executive Chairman; ACWA GAttendedç
• Non‑Executive Chairman; ACWA Power Enerji Anonim Sirketi
• Non‑Executive Chairman; KSB Arabia
• Non‑Executive Director, Aziz European Pipe Factory for Trading and Contracting
• Non‑Executive Director, Saudi Agricultural Development Co. (INMA)
• Non‑Executive Chairman, Abunayyan Group
• Non‑Executive Director, Saudi Tumpane Company
• Non‑Executive Chairman, ACWA Power SolAfrica Bokpoort
• Non‑Executive Director, Sun and Life Company
• Non‑Executive Director, Desert Aluminum Company Ltd
• Non‑Executive Chairman, Central Electricity Generating Company
• Non‑Executive Chairman, ENARA Energy Investments PSC
• Non‑Executive Chairman, Floating Ships for Water Projects Company
• Non‑Executive Chairman, Rabigh Expansion Company
• Non‑Executive Chairman, Multiple Shares Company
• Non‑Executive Chairman, Al Raeda Energy
• Non‑Executive Chairman, Higher Institute for Water and power Technologies
• Non‑Executive Chairman, ACWA Power Barka SAOG (Barka 1)
• Non‑Executive Chairman, Projects Acquisition Company
• Non‑Executive Director, Rabigh Operations and Maintenance Company
• Non‑Executive Director, Industrial Cities Development and Operating Company, Trading and Contracting
• Non‑Executive Chairman, Kahromaa Limited
• Non‑Executive Vice Chairman, First National Operation and Maintenance Company
• Non‑Executive Director, Jubail Water and power Company
• Non‑Executive Chairman, SGA Marafiq Holdings Company
• Non‑Executive Chairman, Shuqaiq Arabian Company for Water and Electricity
• Non‑Executive Chairman, Saudi Malaysia Water & Electricity Company
• Non‑Executive Chairman, Shuaibah National Company for Water and power
• Non‑Executive Chairman, Multiforms LLC
• Non‑Executive Chairman, International Barges Co. for Water Desalination
• Non‑Executive Chairman, Alimtiaz Operation and Maintenance Company
• Non‑Executive Director, Altoukhi Company for Industry, Trading and Contracting
• Non‑Executive Chairman, Beatona Company
• Non‑Executive Director, Saudi Research and Marketing Group
• Non‑Executive Chairman, Shuqaiq International Water & Electricity Company
• Non‑Executive Director, Shuqaiq Water & Electricity Company
• Non‑Executive Director, Tanmiah Transport Company
• Non‑Executive Chairman, Saudi Malaysia Operation and Maintenance Services Company
• Non‑Executive Director, Saudi Agriculture Development Company
• Non‑Executive Director, Saudi Deyaar
• Non‑Executive Director, Shuaibah Expansion Holding Company
• Non‑Executive Director, Shuaibah Expansion Project Company
• Non‑Executive Director, Rabigh Arabian for Water & Electricity Company
• Non‑Executive Chairman, Shuaibah National Company for Water and power
• Non‑Executive Director, Riyadh Chamber of Commerce
• Non‑Executive Director, Grains Organisation
• Non‑Executive Director, SAMBA Financial Group
• Non‑Executive Director, National Agriculture Development Company (NADEC)

Profile

Mr Raad Al Saady is the Vice Chairman and Managing Director of ACWA power. In his current role he oversees growth and business expansion along with providing guidance on strategy, human capital, stakeholder management and other strategic drivers.

Previously, Raad was part of the Abdul Latif Jameel Company (ALJ), the Saudi family‑owned conglomerate, where he held several key leadership roles across ALJ’s business sectors including his tenure as Vice President of Mobility.

A strategic management veteran, Raad has over 20  years of experience in the financial services and automotives industry, including a stint in the technology venture capital sector in Silicon Valley.

An active Board and Committee member, Raad has served governance level positions across diverse organisations in Aviation, retail, Trade, and financial services, including Saudi Arabian Airlines, Morgan Stanley, Saudi General Authority of Foreign Trade, and numerous other reputable NGOs/firms.

Academic and Professional Qualifications

• Bachelor of Science degree in business management from Menlo College

Current Positions

• Member of the Board and Chairman of Audit, Risk and Compliance Committee Saudi Arabian Airlines (Saudia)
• Member of the Board and Chairman of ExCom and Member of NRC, General Authority of Foreign Trade (GAFT)
• Member of the Board and Chairman of NRC, The National Automotive and Mobility Investment Company – NAMIC
• Member of the Board and Chairman of NRC, Flyadeal

Past Professional Experience

• Research Assistant, American Pacific Venture Capital from 1999 to 2000
• Associate Partner, American Pacific Venture Capital from 2000 to 2001
• Finance Manager, Abdul Latif Jameel from 2002 to 2003
• Insurance General Manager, Head of Hemaya Insurance Company (Fully owned by ALJ Co. Ltd. from 2003 to 2004
• Senior General Manager, Lexus Jeddah from 2004 to 2007
• Director of Operations, Lexus from 2007 to 2008
• Acting Managing Director, Lexus from 2008 to 2010
• Managing Director from 2010 to 2012
• Senior Managing Director from 2013 to 2014
• Senior Managing Director, Abdul Latif Jameel International from 2014 to 2020
• Vice President, Abdul Latif Jameel Co. from 2020 to 2022

Profile

Dr Ibrahim Al Rajhi is a member of the Board of Directors at ACWA Power. In a career spanning nearly 30 years across diverse sectors, Dr Al Rajhi has demonstrated adaptability, dynamism and leadership. A highly educated business executive, Dr Al Rajhi has worked and steered organisations in industries such as food and beverage, travel and tourism, logistics, real estate, construction and education.

He is currently an active Board member in several small and medium enterprises and non‑profit organisations in Saudi Arabia.

Dr Al Rajhi holds a Bachelor’s degree in systems engineering from King Fahd University of Petroleum and Minerals; a Master of Science in management from Hult International Business School and a Doctorate in Human Resources Management from London Metropolitan University.

Academic and Professional Qualifications

• Bachelor’s degree in systems engineering from King Fahd University of Petroleum and Minerals, 1994G
• Master of Science in management from Hult International Business School, 1996G
• Doctorate in Human Resources Management from London Metropolitan University, 2008G

Current Positions

• Member of the Board, National Center for Family Business located in Riyadh, Since 2023.
• Chairman of the Board of Trustees of Sulaiman Abdulaziz Al Rajhi Endowment, Located in Riyadh, since 2023.
• Member of the Board, ACWA POWER Company located in Riyadh, since 2022, the company operating in Water & Energy field.
• Chairman of the Board, Modern Mailing Company located Jeddah, since 2021, the company operating in the mills production field.
• Member of the Board, Family Business Council‑Gulf Located in Dubai, since 2018 Located in Dubai, non‑profit organisation.
• Vice Chairman of the Board of Directors of Hessah Ibrahim Al Qubaisi Academic Excellence Program, since 2018.
• Member of Advisory Board, The College of Business, Al Faisal University located in Riyadh, since 2017.
• Member of Nama Al Rajhi Humanity Establishment located in Riyad, since 2016, the establishment works in the non‑profit charitable field.
• Chairman of the Board, Tibah Airports Development Co, located in Madinah, since 2015, the company operating in the airports development field.
• Member of the Board of Trustees of Hessah Ibrahim Al Qubaisi Endowment, located in Riyadh, since 2015, non‑profit foundation.
• Chairman of the Board, Tibah Airports Operation Company, located in Madinah, since 2012, the company operating in the airports operation field, since 2012.

Past Professional Experience

• Chairman of the Board, Arabian Cement Company from 2016 to 2020
• Member of the Board, Arabian Cement from 1999 to 2016
• Member of the Board, Al Rajhi Holding Group from 2009 to 2021
• Board of Directors, Sulaiman Al Rajhi Holding Company, from 2012 to 2018
• Member of the Board, AL‑Watania Poultry from 2011 to 2017
• Member of the Directors, Sulaiman Al Rajhi Real Estate Company from 2012 to 2017
• Member of the Executive Committee in Sulaiman Al Rajhi Holding Company, from 2011 to 2018
• Member of the Board, Al Ajyal Holding Co, from 2014 to 2017
• Member of the Board, Al Arrab Contracting Co, from 2012 to 2017
• Chairman of the Board, Mada Infrastructure Holding Company, from 2012 to 2016
• Chairman of the Board, General Enterprise and Trading Company (GETCO) from 2008 to 2017
• Member of the Board, ACWA Power, from 2018 to 2020
• Project General Manager, Al‑Watania Poultry from 1999 to 2008
• Deputy General Manager, Al‑Watania Poultry from 1996 to 1999
• General Manager, Fursan Travel and Tourism, from 1994 to1995

Profile

Mr Alhakbani has over 23 years of experience in management.

Possessing sector agnostic skills, he has worked in, and provided board‑level steering advice to companies operating in information technology, food and beverage, energy, transport and logistics, aviation, and trade.

He is currently Chief Executive Officer of Al hulul Al Mobassatah Financial Company (SiFi).

Prior to this role, Mr Alhakbani served as the Governor and Board member of the Saudi Customs Authority.

From 2016–2017, he was the deputy minister for Foreign Trade in Saudi Arabia’s Ministry of Commerce and Investment.

A seasoned board director for companies and governmental entities, ranging from GASCO, Saudi Airlines to the Saudi Food and Drg Authority and Communication, Space and Technology Commission amongst others. Mr Alhakbani started his career in the private sector, first at Microsoft, and then at Cisco Systems.

Academic and Professional Qualifications

• Bachelor of Science degree in Computer Information Systems from King Saud University, 2000G
• Masters in Business Administration from INSEAD, 2009G

Current Positions

• Member of Board of Directors of Nuclear and Radiological Regulatory Commission
• Member of Board of Directors of Communication, Space and Technology Commission
• Member of Board of Directors of Saudi Arabian Mining Company ‘Maaden’
• Member of the Board of Trustees of Sulaiman AlRajhi Endowment
• Member of the Board of Trustees of The National Museum
• Member of GCC Supreme Council Consultative Authority and Head of the Saudi Delegation
• Member of Board of Directors, Chairman of the NRC, and member of the Executive Committee of Saudi Arabian Airlines
• Vice Chairman of the Board of Directors of Saudi Azm for Communications and Information Technology
• Vice Chairman of the Board of Directors of Special Integrated Logistics Zone
• Member of Board of Directors of Obeikan Glass Company
• Chairman of Board of Directors of Wajbat Osraty (Siwar)

Past Professional Experience

• Chairman of the Board of Directors at Uptown Jeddah Company.
• Member of Board of Directors, Chairman of the NRC, and member of the Executive Committee at Local Content and Government Procurement Authority.
• Governor of the General Authority of Customs, member of Board of Directors, Chairman of the Privatisation Committee and Chairman of the Engineering Committee.
• Chairman of the Board of Directors, Chairman of the NRC, and Chairman of the Executive Committee at King Fahd Causeway Authority.
• Chairman of the Board of Directors, and Chairman of the Executive Committee at Tabadul.
• Member of the Board of Directors, and Chairman of the NRC at Saudi Airlines.
• Member of the Board of Directors, and Chairman of the NRC at Flyadeal.
• Member of the Board of Directors, and member of the Executive Committee at Saudi Food Drug Authority.
• Member of the Board of Directors, and member of the NRC at Saudi Ports Authority.
• Member of the Board of Directors, and member of the NRC at National Gas & Industrialisation Company.
• Member of the Board of Directors at Natural Gas Distribution Company.
• Deputy Minister and Director General of International Commercial Offices at Ministry of Commerce & Investment.
• Secretary General at Saudi Exports
• Transformation Director at Ministry of Foreign Affairs.
• Advisor to the Deputy Minister of planning and IT at Ministry of Higher Education.
• Business Development Manager at Cisco Systems.
• Project Manager at Saudi National E‑Government Program.
• Technical Account Manager at Microsoft Corporation.

Profile

Mr AlSaif is a Senior Managing Director and The Head of Global Capital Finance Division at The Public Investment Fund (PIF).

He holds several Board memberships in national and international companies.

Most notably, he is the Chairman of The Board of Directors at Aircraft Leasing Company (AviLease), Board Chairman of King Abdullah Economic City (EEC), and Board Vice Chairman at Saudi Real Estate and Refinance Company (SRC) and Bahri.

Mr AlSaif is also a member of PIF’s Management Committee, Credit Committee, and Management Liquidity Committee.

He is also an active member of several committees related to Vision 2030, such as the Financial Sector Development Program (FSDP) and the Fiscal Sustainability Program.

AlSaif started his career in the private sector and served various senior positions at Saudi British Bank “SABB” (currently Saudi Awwal Bank “SAB”) and HSBC Saudi Arabia for well over a decade.

Following his private sector stints, he assumed a public sector role within Saudi Arabia’s Ministry of Finance, where he served as Senior Advisor to H.E., The Minister of Finance and went on to establish and head the Ministry’s Debt Management Office (DMO), later renamed as the National Debt Management Centre (NDMC), where he served as the Chief Executive Officer and Board member until his move to PIF.

His aggregate professional experience spans nearly 26 years.

Academic and Professional Qualification

• Mr Alsaif holds a Bachelor degree in Management Information Systems from King Fahd University of Petroleum and Minerals, 1998G.

Current Positions

• Senior Managing Director and Head of the Global Capital Finance Division – PIF
• Management Committee Member‑ PIF
• Management Liquidity CommitteeMember‑PIF
• Credit Committee Chairman ‑PIF
• Investment Committee Member, Events Investment Fund
• Funding Committee member, Saudi Global Enterprises Office (SGE)
• Financial Sector Development Program member
• Fiscal Sustainability Program Member
• Board Chairman, Aircraft Leasing Company (AviLease)
• Executive Committee Chairman, Aircraft Leasing Company (AviLease)
• Board Chairman, Emaar The Economic City (EEC)
• Executive Committee Chairman, Emaar The Economic City (EEC)
• Board Member, King Salman International Airport Development Company (KSIADC)
• Audit and Risk Committee Chairman, King Salman International Airport Development Company (KSIADC)
• Board Vice‑Chairman, Bahri Company
• Executive Committee member, Bahri Company
• Board Vice‑Chairman, The Saudi Real Estate Refinance Company (SRC)
• Executive Committee member, The Saudi Real Estate Refinance Company (SRC)
• Nomination and Remuneration Committee member, The Saudi Real Estate Refinance Company (SRC)
• Board member, Voluntary Carbon Market Company
• Board member, Gulf International Bank.
• Executive Committee member, Gulf International Bank
• Audit and Risk Committee, Gulf International Bank
• Board member, ACWA Power
• Executive Committee member, ACWA Power
• Invesment and Funding Committee Member, NEOM

Past Professional Experience

• Advisor to His Excellency the Minister of Finance
• CEO and Board Member National Debt Management Center
• Deputy Managing Director – SABB
• General Manager, Global Banking Services and Markets – SABB
• General Manager and Head of Corporate Finance and Capital Markets – HSBC Saudi Arabia
• Head of Risk Advisory, Treasury Department – SABB
• Head of Investment and Trade Department, Treasury Department – SABB

Profile

Mr Al‑Madhi is the Co‑head of MENA Direct Investments at the Public Investment Fund (PIF). Recognised as a leading corporate executive, Mr Al‑Madhi has over two decades of experience driving strategic growth within businesses in the Kingdom.

Prior to joining PIF, he held the position of Senior Managing Director and Member of the Board at Abdul Latif Jameel (ALJ) Investments. Preceding his role at ALJ, Mr Al‑Madhi was an advisor to the Minister of Labor in Saudi Arabia, served as the CEO of Volkswagen Group Saudi Arabia, and held a number of positions at SAGIA, McKinsey and Company and Saudi Aramco.

He was named a Young Global Leader by the World Economic Forum, joining the class of 2017. In naming Mr Al‑Madhi, the Forum characterised him as a recognised corporate executive who has emerged a champion of job creation, employment and infrastructure in Saudi Arabia’.

Academic and Professional Qualification

• Executive Education (Global Leadership and Public Policy for the 21st Century), Harvard Kennedy School
• Master of Business Administration (MBA), MIT Sloan School of Management
• BSE In Chemical Engineering, University of Pennsylvania

Current Positions

• Co‑Head of Direct Investments, MENA Investments Division Public Investment Fund (PIF)
• Chairman of the Board, National Automotive and Mobility Investment Company (Tasaru)
• Vice Chairman of the Board and Chairman of the Board Remuneration and Nomination Committee, Jada Fund of Funds
• Vice Chairman of the Board and Chairman of the Board Executive Committee, Regional Voluntary Carbon Market Company
• Board member and Chairman of the Board Executive Committee, Saudi Arabian Military Industries Company (SAMI)
• Board and Board Executive Committee Member, ElSeif Engineering Contracting Company
• Board and Board Nominations and Remuneration Committee Member, Riyad Bank
• Board member and Board Investment Committee Chairman, Saudi Arabian Industrial Investments Company (Dussur)
• Chairman of the Board, Iliad Partners
• Chairman of the Board, Awad Capital

Past Professional Experience

• Chairman of the Board and Board Executive Committee, Saudi Fisheries Company
• Board member, National Agricultural Development Company (NADEC)
• Board member, Shuqaiq Three Company for Water LLC
• Investment Committee Member, Abdul Latif Jameel Land
• Advisory Board member, Four Principles
• Board member, Abdul Latif Jameel Logistics
• Board member, Saudi Sports for All Federation
• Board member, Abdul Latif Jameel Real Estate Finance Company
• Board and Executive Committee Member, Job Creation and Employment Commission
• Board member, Endeavor Saudi Arabia
• Senior Managing Director and Member of the Board, Abdul Latif Jameel Investments
• Chief Executive Officer, Volkswagen Group Saudi Arabia
• Assistant Deputy Governor – Research, Analysis, Saudi Arabian General Investments Authority (SAGIA)
• Associate, McKinsey and Company
• Process Engineer, Saudi Aramco Shell Refinery Company (SASREF)
• Research Engineer, Saudi Aramco

Profile

Mr Al‑Midani is the President and Chief Executive Officer of Vision International Investment Company (Vision Invest), a leading Saudi Development and Investment Holding Company with active investments in the power and Water, Industrial Gases, District Cooling, Wastewater Treatment, Logistics and Environmental Solutions Sectors. Mr Al‑Midani has served in multiple roles within Vision Invest over the past 11 years. Mr Al‑Midani is a member of the Young Presidents Organisation and holds a Bachelor of Commerce Degree (Finance) with Honours from the John Molson School of Business in Montreal, Canada. Mr Al‑Midani sits on the Board of Directors of several Saudi and International companies.

Academic and Professional Qualification

• Bachelor of Commerce in Finance with honours degree, John Molson School of Business, Montreal, Canada, 2002G

Current Positions

• President and Chief Executive Officer, Member of Board of Directors and Member of the Executive Committee, Vision International Investment Company
• Non‑Executive Director, Estydama Development Projects Company
• Non‑Executive Director, Miahona Company
• Non‑Executive Director and Chairman of the Nomination, Remuneration & Compensation Committee, Saudi District Cooling Company
• Non‑Executive Director, Arabian Qudra Energy Ltd.
• Non‑Executive Director, Chairman of Management Development and Compensation Committee, Member of Investment Committee, and Member of Corporate Governance and Nomination Committee, Air Products Qudra for Energy
• Non‑Executive Director, Blue Hydrogen Industrial Gases Company
• Non‑Executive Director, Jazan Gas Projects Company
• Non‑Executive Chairman, Ajyad Knowledge Company for Education and Training
• Non‑Executive Director, Beatona Company
• Non‑Executive Director, Saudi Integrated Waste Management Company
• Non‑Executive Director, Sahara Aluminium Company
• Non‑Executive Director, Wave One Project Company Limited
• Non‑Executive Director, Buildings Efficiency Company
• Non‑Executive Chairman, Yanbu Project Company for Electric power Limited
• Non‑Executive Director, Vision Invest Limited (ADGM)
• Non‑Executive Director, Rafal Real Estate Development Company
• Non‑Executive Director, Magma Holdings Limited (ADGM);
• Non‑Executive Director, VI Gas Pipelines Holding I Limited (ADGM)
• Non‑Executive Director, VI Gas Pipelines Holding II Limited (ADGM)
• Non‑Executive Director, Vision Invest Pipelines Holding I Limited (ADGM)
• Non‑Executive Director, Vision Invest Pipelines Holding II Limited (ADGM)
• Non‑Executive Director, Vision Invest LNG Holding LTD
• Non‑Executive Director, Vision Invest LNG OCEANIA Holding LTD
• Non‑Executive Director, Vision Invest LNG International Holding LTD
• Non‑Executive Director, Data Volt Investment LLC
• Non‑Executive Director, Data Volt Information Technology

Past Professional Experience

• Non‑ Executive Director, Jubail Waves for Gases Company
• Non‑Executive Chairman, East Pipes Integrated Company for Industry, from 2020G to 2022G
• Non‑Executive Chairman, Integrated Tower Company for Telecommunications, from 2020G to 2022G
• Non‑Executive Director, Etihad Energy International Company, from 2019G to 2021G
• Chairman, Multiforms LLC (UAE), from 2019G to 2020G
• Non‑Executive Chairman, Jeddah Water Services Company, 2018G to 2022G
• Non‑Executive Chairman, Industrial Cities Development and Operation Company, from April 2019G to October 2020G
• Non‑Executive Chairman, Riyadh Water Production Company, from July 2018G to October 2020G
• Non‑Executive Chairman, Jazzirah Environment Company, from 2018G to October 2020G
• Non‑Executive Director, power Acquisition Company, from 2014G to 2019G
• Non‑Executive Director, Health Solutions Medial Company, from 2018G to 2019G
• Non‑Executive Director, Arabian Japanese Membrane Company, from 2017G to 2018G
• Chief Executive Officer, Beatona Company, from 2011G to 2017G

Profile

Mr Al‑Rowais holds more than 27 years of experience in Corporate Governance and Internal Control, Accounting, IT, ERM and Internal Audit. Mr Al‑Rowais holds a Bachelor degree of Accounting and Master of Science in Computer and Information Systems in the USA and has successfully completed leadership and executive courses from internationally‑renowned schools such as IMD, INSEAD and London Business School. He is one of the founding members of the Institute of Internal Auditors of the Kingdom.

Academic and Professional Qualifications

• Master of Science in Computer and Information, University of Detroit Mercy, Michigan, USA. 1997
• Advance Diploma in Accounting, The Economics Institute, University of Colorado, Boulder, USA,1996
• Bachelors in accounting, King Saud University, Riyadh, SA, 1992

Current Positions

• Board of Directors, Saudi National Bank (SNB)
• Board of Directors, Saudi Tourism Authority
• Board of Directors, Bawan Company
• Audit Committee Chairman, Noon Company
• Audit Committee Chairman, Boutique Collection Company
• Audit Committee Member, Ceer Automotive Company
• Audit Committee Member, Jeddah Central Development Company
• Audit Committee Member, Saudi Information Technology Company
• Chief Audit Executive of Internal Audit, Etihad Etisalat Company (Mobily)

Past Professional Experience

• Board of Director, Samba Financial Group
• Audit Committee Member, Alinma Tokio Marine
• Audit Committee Member, Saudi Arabian General Investment Authority
• Audit Committee Member, Deutsche Gulf Finance
• Founding member, Board of Director, and Chairman of Executive Committee, Institute of Internal Auditors (IIA KSA)
• Board of Director, Manafea Holding
• Audit Committee Member, Roshn Company
• Associate General Auditor, Saudi Aramco
• IT Audit Manager, Saudi Aramco
• Internal Auditor, Saudi Central Bank

Profile

Mr Alsallom is the Chief Executive Officer of the Kingdom of Saud Arabia’s National Infrastructure Fund (under establishment). Formerly he served as the Group Chief Executive Officer of Al‑Rajhi Holding Group (RHG), a leading development and investment company headquartered in the Kingdom with local and international operations and investments. Mr Alsallom has held chairmanship and Board member roles in numerous prestigious organisations within the Kingdom, as well as regionally and internationally. Additionally, he has executed executive roles in leading entities, including the position of Head of Corporate Finance in the Structured Finance Department at Banque Saudi Fransi. He holds a Bachelor’s degree in Industrial Engineering from King Saud University and has completed a Leadership Development Program at Harvard University, USA.

Academic and Professional Qualifications

• Leadership development certificate, Harvard University, USA, from 2017G to 2019G
• Bachelor of Science in Industrial Engineering, King Saud University, the Kingdom, 2005G

Current Positions

• CEO, National Infrastructure Fund
• Vice Chairman, AlBawani Holding Company
• Board member, National Housing Company

Past Professional Experience

• Chief Executive Officer of AlRajhi Holding Group
• Chairman, Electroputere SA
• Director, Havas Ground Holding Co.
• Director, Taibah Airports Development Company
• Director, BTA Food and Services Company
• Director, Saudi ATU Trading Limited Co
• Manager Director, MADA Infrastructure Holding Company
• Chief Investment Officer, Al Rajhi Holding Group
• Advisory Board member, Al Arrab Contracting Company
• Director, United Mining Investments Company
• Head of Corporate Finance, Banque Saudi Fransi

Profile

Dr Antoncic is a member of the Board of Directors at ACWA Power.

Dr Antoncic is a highly educated leader with nearly four decades of experience in academia, banking and finance, intergovernmental organisations, and non‑profits.

A PhD Economist and former World Bank Vice President and Treasurer, Dr Antoncic is currently Senior Fellow at New York University, Development Research Institute. At the World Bank, from 2011 to 2015, Dr Antoncic was responsible for overseeing every aspect of managing the WB’s and other official‑sector institutions assets, as well as the Bank’s capital; annual funding programme; collateral and cash management; daily cash payments and disbursements and the Pension for the WB Group. In addition to her significant financial responsibilities, she was responsible for maintaining the World Banks’ AAA credit rating and led capacity building and technical assistance programmes that focused on asset, debt, and risk management including implementing innovative financial structures to helped countries mitigate their financial risks due to climate‑related catastrophic risks. She is a former Economist at the Federal Reserve Bank of New York; was Senior Advisor to UNCTAD on SDG Reporting; was CEO of SASB a non‑profit private‑sector sustainability standards setter, and for a not‑for‑profit Big Data and AI institute. She has held senior positions at Goldman, Barclays, Lehman, and PGI. Her experience spans global markets across numerous asset classes in senior market and risk roles, and she is renowned for her leadership in financial innovation and risk management. Dr Antoncic is a Member of the UK ’s FCDO Research Advisory Panel, and a Member, Editorial boards of the Journal of Risk Management in Financial Institutions and the Journal of A.I., Robotics and Workplace Automation.

Dr Antoncic holds a bachelor’s degree from Southampton College, and a Master of Philosophy and a Doctor of Philosophy both in economics, with a minor in finance from New York University.

Academic and Professional Qualifications

• New York University, Stern School, PhD, Economics with a minor in Finance 1983
• New York University, Stern School, Master of Philosophy 1981
• Southampton College, B.A., Summa cum Laude 1976

Current Positions

• Board of Directors SandP Global Ratings
• Board of Overseers of the Weill Cornell Medical (WCM) and Graduate School of Medical Sciences of Cornell University
• WCM Business and Finance Committee
• WCM Special Committee on Research
• WCM Development Committee
• WCM International Affairs Committee
• WCM Physicians’ Organisation Committee

Past Professional Experience

• Former Board of Directors FinTech Masala Advisors’: FTAC III, IV and VI
• Former Member of the Board of One‑to‑World
• Former Member and Vice‑Chairman World Bank Group
• Pension Finance Committee
• Former Member Steering Committee and Co‑chair Public Sector Issuers Forum
• Former Member of the Board of Directors of the Girl Scout Council of Greater New York
• Former Member of the Board and of the Executive Committee Barclay’s Capital

Profile

Mr Ping currently serves as an independent Director at China State Construction Engineering Corporation Ltd. An experienced management professional, Mr Ping has three decades of experience in the information and technology sectors, where he has overseen global investments and expansions, mergers and acquisitions activity, and the management and operations of listed companies.

His previous roles include being a Board member of the China Reform Holdings Corporation and CNIC Corporation, Chief Executive Officer of China Communication Corporation Services Ltd., the Deputy Director General of China Telecommunications of the Ministry of Posts and Telecommunications and many others.

Mr Ping received a bachelor’s degree from Beijing University of Posts and Telecommunications, where he majored in radio communication engineering. He also holds a master’s in Business Administration from the State University of New York at Buffalo.

Academic and Professional Qualifications

• Bachelor degree in Radio communication from Beijing University of Posts and Telecommunication, 1976G
• MBA Degree from the Management School, State University of New York at Buffalo in 1989G

Current Position

• Board member of China State Construction Engineering Corporation Ltd

Past Professional Experience

• Board member, China Reform Holdings Corporation Ltd
• CEO and Chairman of China Communication Services Corporation Ltd
• Executive Director of the Board and Senior Executive Vice President of China Telecom and China CCS
• Deputy Director General of Department of Telecommunications of Ministry of Posts and Telecommunication

Profile

Mr Padmanathan was the Vice‑Chairman and Chief Executive Officer of ACWA Power having joined the Company as head of Business Development in 2005 and then from 2007 to 2021 as President and CEO and thereafter in the current role. A seasoned engineer and energy expert with over 40  years of experience, Mr Padmanathan has led the Company as it grew from a start‑up, to what it is today, a Company that has a portfolio of assets in 13 high‑growth markets across three continents. At ACWA Power, he has guided the business strategy to deliver power and desalinated water reliably and responsibly at competitive rates. He is also steering ACWA Power’s leadership in contributing to the energy transition, underpinned by a strong ESG framework, with some of the largest renewable energy pants in the world and the first ever major inclusion of renewable energy in desalination and now expanding to the field of producing green hydrogen at scale with the first major plant in construction.

Prior to joining ACWA Power, Mr Padmanathan served as the Vice President and Corporate Officer at Black & Veatch, a major global engineering and construction company, where he was responsible for developing privately financed power, water, and wastewater projects in over a dozen countries.

Mr Padmanathan holds a degree in engineering from the University of Manchester, a postgraduate qualification in Civil Engineering production from University of Lancaster and serves on the boards of several water and power companies.

Academic and Professional Qualifications

• Bachelor of Civil Engineering from University of Manchester, UK. 1979G
• Post Graduate Studies in Civil Engineering production, University of Lancaster

Current Positions

• Non‑Executive Director of BESIX and Heliogen, Non‑Executive Vice Chairman of Zhero BV and Xlinks and Non‑Executive Chairman of Desolenator BV

He is also holding a number of positions as a representative of the Company, including the following:

• Director, NEOM Green Hydrogen Company Director, ACWA Power Ouarzazte (Noor1)
• Director, ACWA Power Ouarzazate II
• Chairman, ACWA Power Ouarzazate III
• Director, ACWA Power Uzbekistan Project Holding Co. (DIFC)
• Director, ACWA Power Uzbekistan Wind Proj. Holding Co. (DIFC)
• Chairman, ACWA Industrial Investment Co. (AIICO), a Limited Liability Co
• Chairman, ACWA Power Ouarzazate IV
• Chairman, ACWA Power Khalladi
• Chairman, ACWA Power Boujdour
• Director, Arabian Co. for Water and Power Projects (APP)
• Director, ACWA Power Salalah 2 IPP Project Holding Co Ltd (DIFC)
• Director, ACWA Power Ethiopia project Holding Co (DIFC)
• Director, ACWA Power Kom Ombo Project Holding Company Ltd (DIFC)
• Director, ACWA Power Water Projects Ltd (DIFC), a Private Co/LTD
• Director, ACWA Power Global Services (DIFC)
• President, ACWA Power Laayoune
• Chairman, ACWA Güç IŞLETME VE YÖNETİM SANAYİ VE TİCARET ANONiM ŞİRKETİ
• Chairman, ACWA Power ENERJİ ANONİM ŞİRKETİ
• Director, ACWA Power AL Dur II Holding Co WLL
• Director, ACWA Power FEWA Project Holding company Limited (DIFC) [formerly AP Sohar]
• Director, ACWA Power IBRI Project Holding Company Limited (DIFC)
• Director, ACWA Power Luxor Project Holding Company Limited (DIFC) [formerly AP Barka]
• Director, ACWA Power Green Energy Company Limited (DIFC) [formerly AP Bahrain]
• Director, ACWA Power Salalah Project Holding Co Ltd (DIFC)
• Director, ACWA Power DGC Project Holding Co. Ltd. (DIFC)
• Director, ACWA Power Harbin Holdings Limited (JAFZA)
• Director ACWA Power Management and Investments One, a Private Co/LTD
• Director, ACWA Power Capital Management Ltd (DIFC)
• Director, ACWA Power Treasury Holding Co. Ltd
• Director, ACWA Power Conventional Energy (DIFC)
• Director, ACWA Power Oasis 1 Ltd (JAFZA)
• Director, ACWA Power Oasis 2 Ltd. (JAFZA)
• Director, ACWA Power Global Services Branch
• Director, ACWA Power Solar Limited (JAFZA), an Offshore Co./LLC
• Director, ACWA Power General Holdings 1 Ltd (JAFZA), an LLC
• Director, ACWA Power Energy Holdings Ltd. (JAFZA)
• Chairman, ACWA Power CF Karad PV Park EAD
• Director, ACWA Power Moatize Holdings Ltd (JAFZA)
• Director, ACWA Power Plovdiv Holdings (JAFZA)
• Director, ACF Renewable Energy, a Private Limited Liability Co
• Director, ACWA Power Bahrain Holdings WLL, a Limited Liability Co
• Director, ACWA Power Kirikalle Holding WLL
• Director, ACWA Power Coastal Holdings (JAFZA)
• Director, ACWA Power Inland Holdings (JAFZA)
• Director, ACWA Power Jordan Holding (JAFZA)
• Director, APBP TSA Company, a Private Co
• Director, ACWA Power Barka Services 1
• Director, ACWA Power Barka Services 2
• Director, ACWA Power Global Holdings (JAFZA)
• Director, ACWA Power International Holding (JAFZA)
• President and CEO, International Water and Power Company (ACWA Power)

Past Professional Experience

• Corporate Officer and Vice President, Black & Veatch Africa Limited
• Chief Executive, Black & Veatch Africa Limited
• Executive Director, Burrow Binnie International Ltd
• Engineer and Manager, John Burrow and Partners Overseas
• Researcher, IDC Group Limited and University of Lancaster

Profile

Mr AlAbduljabbar is a Member of the Board of Directors at ACWA Power.

He is currently the Chief Executive Officer of Sanabil Investments. He brings over 20 years of multidisciplinary experience in the financial sector, both locally and internationally, across investments, strategic planning, banking, advisory, corporate finance, and capital markets. He serves on several reputable entities’ Boards and Board committees.

Academic and Professional Qualification

• Bachelor’s degree in economics from California State University

Current Positions

• Chairman of the Board, SNB Capital
• Member of the Board, Alhilal Company
• Member of the Board, Sanabil Investment Company
• Member of the Board, Savvy Games Group
• Member of the Board, Richard Attias and Associates Company
• Member of the Board, Caffeine Inc
• Member of the Board, Performance 54 Group

Past Professional Experience

Before he worked as CEO of Sada Investments, Abdullah led the Strategy and Business Development Division at Bank Albilad, a leading KSA‑based bank. Prior to that, he worked with the Saudi Capital Market Authority (CMA) for eight years since its inception in 2004. During his work at CMA, he assumed numerous roles, including Head of Listing for which he was seconded to the United States Securities and Exchange Commission (SEC) during which time he subsequently led international relations for the CMA.