Board of Directors

With more than 37 years of experience in the commercial and industrial sectors, Mr. Abunayyan serves as Chairman of ACWA POWER, Vision Invest, Dussur and numerous local and regional companies.  He is widely recognized as one of the most respected leaders in the water and energy sectors.

Under his leadership, ACWA POWER has grown into a leading private sector energy and water provider, achieving significant milestones since his inception of the Company.

EXTERNAL APPOINTMENTS:

Mr. Abunayyan chairs and is a member of the Board of Directors of several world-leading organisations, in addition to holding a number of prestigious honorary and leadership positions focused on transforming and diversifying the economy of Saudi Arabia

Thamer Al-Sharhan, Vice Chairman of the Board of Directors of ACWA Power and Chairman of the Board’s Nomination & Remuneration Committee is a business leader with over 38 years of professional experience in major industrial corporations with international operations. Previously Al-Sharhan was the Managing Director of the company reporting to the Board, overseeing assets management, projects execution, operations & maintenance, people and organizational development globally. Prior to joining ACWA Power, Al-Sharhan was the President and CEO of Power and Water Company for Jubail & Yanbu (Marafiq). During his 7 year tenure with Marafiq, Al-Sharhan was instrumental in completing the government’s executive program; successfully driving public-to-private transformation of large public sector infrastructure into a vibrant commercial utility.

EXTERNAL APPOINTMENTS:

Al-Sharhan sits on the boards of several top-tier corporations in Saudi Arabia and abroad, both in public and private sectors, and is an active philanthropist and member of various civic and charitable societies.

Mr. Al Muhaidib is the Chairman of Al Muhaidib Group and a number of companies including Savola Group and RAFAL Real Estate Development.

EXTERNAL APPOINTMENTS:

Mr. Al Muhaidib sits on the Board of Directors of Saudi British Bank (SABB), Almarai Company, Vision Invest, Prince Salman Centre for Disability Research and Prince Fahad Bin Salman Charity Association for Renal Failure Patients Care.

With more than 40 years of experience in the power utilities sector, Mr Vincent de Rivaz has held a wide range of responsibilities within EDF group. He has been member of EDF group Executive Committee from 2010 to 2017.  He  was the longest serving Chief Executive Officer within the United Kingdom energy companies,  as the CEO , from the beginning of 2002 till the end of 2017, of EDF Energy,  the largest low carbon generator in UK, as well as the largest  supplier of electricity and gas to millions of domestic, industrial and commercial customers. From 1999 to 2002, he has been the deputy CFO / Treasurer of EDF group, responsible for Financial Strategy and Operations of the EDF Group. He was notably responsible for the finding of the Group. 

From 1995 to 1999, he has been deputy Executive VP of International Division of EDF, responsible for large investment project abroad, including a series of pioneering IPPs in a wide range of countries. From 1995 to 1998, he has been the MD of the Hydro Power Department of EDF Engineering and Construction Division. From 1985 to 1991, he has been Far East Region Director, developing EDF group relationship with China. He started his career in EDF in 1977 as an hydropower graduate engineer. 

EXTERNAL APPOINTMENTS:

Mr. Vincent De Rivaz is a member of the Board of Marafiq (Saudia), and of the Clean Energy Advisory Group of Temasek (Singapore).

His Excellency is the Governor of the Public Pension Agency, as per royal decree no. A/236 dated 16/11/1437H.  He has more than 32 years of experience in the banking sector where under his leadership, Alinma Bank saw significant growth and expansion as a leading financial institution.  Currently, H.E. chairs and/or is as a member of the Board of Directors on numerous esteemed organisations.  H.E received his BSc. in Accounting from King Saudi University in KSA and an Executive Program from Michigan Ross business school in the USA.

EXTERNAL APPOINTMENTS:

His Excellency is the Chairman of ASMA Capital, Al Raidah, Raza, SPIMACO ADDWAEIH and Taawuniyah Real Estate Investment.  In addition, he is a member of the Board of Directors and Committees of SABIC, STC, Riyad Bank, National Centre of Privatization and the General Organization for Social Insurance.

Mr. Al-Rowais is the Chief Audit Executive of Etihad Etisalat Company (Mobily). He holds more than 25 years of experience in Corporate Governance, Finance & Accounting, Information Technology, Enterprise Risk Management and Internal Audit and Controls. Mr. Al-Rowais holds a Bachelors in Accounting and Master of Science in Computer and Information Systems from the United States and successfully completed a number of 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 KSA.

EXTERNAL APPOINTMENTS:

Mr. Al-Rowais sits as a member of the Board of Directors and/or board committees of local and regional organizations, including Samba Financial Group, Bawan, Alinma Tokio Marine, and Saudi Arabian General Investment Authority and more.

Dr. Khalil is the Founder of MAKVEST, which provides financial advisory services to companies focusing on emerging markets. Previously, he held various executive positions with IFC and the World Bank, including Director of IFC's Central Asia, Middle East and North Africa and joint World Bank/IFC Director of the Global Information and Communication Technologies Department. Dr. Khalil also served as a Business Professor at the American University of Beirut, advisor to various governments and major corporations, in addition to working with McKinsey & Co.

EXTERNAL APPOINTMENTS:

Dr. Khalil is a member of the Board of Directors for many companies and funds at different stages of growth.

With over 29 years of experience, Mr. Al Rasheed has a strong track record in management, information technology, accounting and finance. He is a member of the Board of Directors of Vision International Investment Company and is an active member of several reputable organisations in KSA and the GCC, including the Saudi Organization for Certified Public Accountants (SOCPA), Saudi Economy Association and the Family Business Council of the Gulf Cooperation Council. Currently, Mr. Al-Rasheed serves as Chairman, Managing Director and/or is a member of the Board of Directors of more than 8 regional companies.

EXTERNAL APPOINTMENTS:

Mr. Al Rasheed is a member of several organisations in KSA and GCC including Saudi Organization for Certified Public Accountants (SOCPA), Saudi Economy Association and the Family Business Council of the Gulf Cooperation Council.

Mr. AlMidani is the Chief Executive Officer of Vision Invest, a leading Saudi Development & Investment Holding Company with active investments in the Power & Water, Industrial Gases, District Cooling, Waste Water Treatment, Logistics and Environmental Solutions Sectors. 

Mr. AlMidani has served in multiple roles within Vision Invest over the past 9 years, including as Chief Executive Officer of Beatona, a Vision Invest Subsidiary specialized in Environmental Treatment Infrastructure, Waste Management and Recycling. Mr. AlMidani is a member of the Young Presidents Organization and holds a Bachelors of Commerce Degree (Finance) with Honors from the John Molson School of Business in Montreal, Canada.

EXTERNAL APPOINTMENTS:

Mr. AlMidani sits on the Board of Directors of several Saudi Companies, including Saudi Tabreed, Qudra Energy, Miahona and Etihad International ESCO.

Esmail bin Mohamed Al Sallom is currently a member of the Board of Directors as well as a member of the Executive Committee at ACWA Power.

With extensive experience in Industrial Engineering, Esmail sits on the board of a number of organizations, including: Head of Investments at Al Rajhi Holding Group; Managing Director of Mada Infrastructure Holding Company (LLC); Chairman of Injaz Development Company (closed joint-stock); Member of the Board at TIBAH Airports Development Co Ltd (closed joint-stock); Member of the Board at Havas Ground Handling Co; Member of the Board at Betta Foods (LLC); Member of the Board at i2 Duty Free (LLC); and Member of the Board at Al Madinah Airport Hotel (closed joint-stock).

Esmail has a Bachelor’s in Industrial Engineering from King Saud University, as well as a Leadership Development certificate from Harvard University, United States.

EXTERNAL APPOINTMENTS:

Prior to joining ACWA Power, Esmail led executive roles in flagship organizations including the Head of Corporate Finance in the Structured Finance department at Banque Saudi Fransi.

Mr. Ismail is the Director of Direct Local Holdings within the Public Investment Fund. He has extensive experience in business development, operations and strategy, including but not limited to change management and organisational turnovers and transformations. Mr. Ismail has held various executive management positions, including General Manager of Mawarid Food Co., CEO of Saudi Tadawi Health Care Group and Founder/Managing Partner of House of Retail LLC. He received his BSc. in Finance from the USA and an MBA from the prestigious London Business School, United Kingdom.

EXTERNAL APPOINTMENTS

Mr. Ismail sits on the Board of Directors of several companies, including Credit Suisse of Saudi Arabia.