ACWA Power strengthens C-suite with new leadership appointments

ACWA Power strengthens C-suite with new leadership appointments

- Kashif Rana, former CFO, takes over as Chief Portfolio Management Officer.

Riyadh, KSA: ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today announced changes at the executive leadership level.

Kashif Rana, formerly the company’s Chief Financial Officer, has assumed the role of Chief Portfolio Management Officer. An energy industry veteran with over two decades of experience in the sector, Mr. Rana has been with ACWA Power for 13 years, and led the CFO function since 2014. As CFO, he oversaw the company’s public listing on the Saudi Stock Exchange (Tadawul) in 2021, as well as managing the transition towards operating as a listed company. His new mandate will include driving the development and implementation of an effective portfolio-management strategy for the company’s expanding global portfolio of 60+ projects in 13 markets; further enhancing the asset management function; and achieving optimal assets performance while maximising return on investment; ensuring value creation while managing risk; and maintaining adherence to contractual and regulatory commitments.

Meanwhile, the Chief Financial Officer responsibilities, will be overseen by Abdulhameed Al Muhaidib. He has functioned as the Deputy CFO for the company since January of this year. Al Muhaidib