ACWA Power Company (2082.SR)

351.80 -13.00 (-3.56%) At close: 03:19PM AST

ACWA Power Company

Exit 8
Qurtubah District Eastern Ring Road PO Box 22616
Riyadh 11416
Saudi Arabia

https://www.acwapower.com

Sector(s): Utilities
Industry: Utilities - Diversified
Full-time employees: 

Description

ACWA Power Company, together with its subsidiaries, engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia and internationally. It operates through Thermal and Water Desalination; Renewables; and Others segments. The company also sells electricity, desalinated water, and green hydrogen and/or green ammonia; installs, maintains, and operates contracting of electricity generation, and desalination plants; provides financial advisory, book-keeping and reporting, tax compliance, and related services, as well as provides reinsurance services. In addition, it is involved in generating renewable energy using photovoltaic, concentrated solar power, wind plants, and hydrogen sources. The company generates power through fossil fuel, such as oil, coal, and gas. 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 Company was founded in 2004 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.

Corporate governance

ACWA Power Company’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.