Khaled Saleh Alkhattaf

Khaled S. Alkhattaf is the Chief Executive Officer of the Saudi Investment Promotion Authority, a role reflecting his extensive career in investment and financial sectors. He possesses firsthand experience and multi-sectoral knowledge, having managed reserve funds at the Saudi Central Bank, as well as pensions and endowments alongside private wealth. He has represented the Saudi government internationally, participating as a member of the GATS Technical and Negotiation Team for the WTO from 1997 to 1999, the G20 Technical Team in 2008, and the Santiago Principles Working Group for Sovereign Wealth Funds in the same year.

Alkhattaf served as an Independent Director at ACWA Power from 2025 to 2026 and continues to serve as Chief Executive Officer at Saudi Pharmaceutical Industries & Medical Appliances Corp. since 2021. He is an Independent Director at Jabal Omar Development Co. starting in 2024 and serves as Director at RAFAL Real Estate Development Co.

Career history

• Chief Executive Officer, Saudi Investment Promotion Authority (current)
• Chief Executive Officer, Saudi Pharmaceutical Industries & Medical Appliances Corp. (2021–present)
• Independent Director, ACWA Power Co. (2025–2026)
• Chief Financial Officer & Senior Vice President, Saudi Arabian Mining Co. (2020–2021)
• Chief Financial Officer, Saudi Stock Exchange
• Chief Financial Officer, Ma'aden (Saudi mining company)
• Investment Banking Operations Manager, Nomura International (Saudi Arabia and GCC)
• Project Underwriter, World Bank's Multilateral Investment Guarantee Agency (MIGA) in South America and Central Asia

Alkhattaf holds a Bachelor of Arts in Accounting from King Saud University (1989), a Master of Science in Accounting from the University of Colorado (1996), a Master of Science in Finance from the University of Colorado (1996), and a Graduate Certificate in Applied Economics from American University in Washington, DC (2004). He was recognized in Forbes Middle East's Top 100 Healthcare Leaders 2023 list.

What Khaled Alkhattaf could bring to ACWA Power Board: His extensive background spanning reserve fund management at the Saudi Central Bank, international experience in investment promotion across Central Asia and Africa, capital markets expertise from roles at the Saudi Stock Exchange and Nomura International, and cross-sector board experience position him to strengthen ACWA Power's government relations, international expansion strategies, and access to diversified capital sources for renewable energy and desalination projects.