Riyadh – Mubasher: ACWA Power Company named Mohammad Abdullah Abunayyan as the board’s Chairman for the next four years.
The board members also announced Raad Esmat Al Saad as the Vice Chairman, according to a bourse filing.
The two officials assumed their roles for a new board term that commenced on 5 January 2025 and will end on 4 January 2029.
ACWA Power recently secured SAR 2.63 billion in funding from different organisations for Egypt’s Wind Power Plant in Suez.
In the first nine months (9M) of 2024, the company logged net profits valued at SAR 1.25 billion, higher by 15.97% higher than SAR 1.08 billion in 9M-23.
