ACWA Power is a global developer, investor, and operator of infrastructure focused on power generation, renewable energy, water desalination, and emerging solutions like green hydrogen. The company operates in 14 countries across the Middle East, Africa, and Central and Southeast Asia. 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's business portfolio includes seventy-seven stations, and the company employs over four thousand staff in twelve countries. The company has trailing twelve month revenue of $1.99 billion. The portfolio of projects in operation and development has an investment value of USD 107.5 billion, and a capacity of 78.85 GW of power and produces 9.5 million m3/day of desalinated water.
ACWA Power was listed on Saudi Tadawul on October 11, 2021, and its shares are traded on the main market within the public utilities sector under the symbol '2082'.
Recent Leadership Changes
The board of directors appointed Samir J. Serhan as the new CEO in a planned handover with outgoing Marco Arcelli, who remains advisor to the chairman. Arcelli had joined ACWA Power as CEO in March 2023 and during his leadership, the group's portfolio doubled.
Facts compiled by Executive Moves from publicly available news and press releases on 15 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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