Khaled Alkhattaf

Khaled S. Alkhattaf is the Chief Executive Officer of the Saudi Investment Promotion Authority (SIPA), a position reflecting his extensive career in investment and financial sectors. He has firsthand experience and multi-sectoral knowledge, having managed reserve funds at the Saudi Central Bank, as well as pensions and endowments alongside private wealth.

Alkhattaf currently serves as an Independent Director at ACWA Power Company from 2025, alongside his roles at Saudi Pharmaceutical Industries & Medical Appliances Corp. as Chief Executive Officer from 2021. He served as Chief Financial Officer at the Saudi Stock Exchange and Ma'aden, the Saudi mining company, and most recently held the position of CEO at the largest pharmaceutical company in Saudi Arabia. His career includes underwriting projects in South America and Central Asia during his time at the World Bank's Multilateral Investment Guarantee Agency (MIGA), and managing investment banking operations at Nomura International in Saudi Arabia and the GCC.

Career History

• Chief Executive Officer, Saudi Pharmaceutical Industries & Medical Appliances Corp. (2021-present)
• Chief Financial Officer & Senior Vice President, Saudi Arabian Mining Co. (2020-2021)
• CEO, Lafana Holding Company (2014-2019)
• CEO and Managing Director, Nomura Saudi Arabia (2010-2013)
• Chief Financial Officer, Saudi Stock Exchange (2008-2010)

Alkhattaf holds an undergraduate degree from King Saud University and a Graduate Certificate in Applied Economics from American University (2003-2004). He was recognized in Forbes Middle East's Top 100 Healthcare Leaders 2023 list.

What Khaled Alkhattaf could bring to ACWA Power Board: With his background spanning investment banking, treasury and reserve fund management at the Saudi Central Bank, and recent international experience leading investment promotion delegations across Central Asia and beyond, Alkhattaf brings strategic capital markets expertise, government relations acumen, and deep knowledge of cross-border investment structures essential for ACWA Power's expansion into new markets and diversified financing strategies.