| Element List | Explanation |
|---|---|
| Introduction | ACWA Power Company announces the formation of Audit Committee members for the term of the Board of Directors starting on 05/01/2025 G and ending on 04/01/2029G, based on Board of Directors resolution, as follows: |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Khalid AlRabiah |
| Membership Start Date | 2025-01-07 Corresponding to 1446-07-07 |
| Brief Resume of the Appointed Member | Mr. Khalid Al-Rabiah holds a Bachelor’s degree in Accounting from the University of Toledo. Mr. Khalid Al-Rabiah has extensive experience in financial management, during which he held several leadership positions, most notably: Founder and Chairman of Khalid Al-Rabiah Financial Consulting Office, Consultant at the Ministry of Industry and Mineral Resources, Consultant at the Saudi Mining Services Company (Isnad), CEO at Methanol Chemicals Company, CFO at Saudi Arabian Amiantit Company, Accountant at the Saudi Arabian Monetary Agency (SAMA). Mr. Khaled Al-Rabiah also served as a member and chairman in many boards and committees, most notably: Chairman of the Board of Directors of the Saudi Stock Exchange (Tadawul), Chairman of the Board of Directors of the Arab Company for Pharmaceutical Industries and Medical Appliances (ACDIMA), Board Member and Chairman of the Risk Committee and Member of the Investment Committee of Yanbu National Petrochemical Company (Yansab), Board Member and Member of the Audit Committee of the Saudi Tunisian Bank, Chairman of the Executive Committee of Al-Duwaiyan Group, Board Member and Chairman of the Audit Committee of Abdullah Al-Othaim Investment Company, Board Member and Chairman of the Audit Committee of the Eastern Integrated Pipes Industry Company, Board Member and Chairman of the Audit Committee of Miyahuna Company, Board Member and Chairman of the Audit Committee and Member of the Nominations and Remuneration Committee of the Southern Region Cement Company, Chairman of the Audit Committee of the Board of Directors of Saudi Tabreed Company, Board Member and Chairman of the Audit Committee of the Tarabut Charitable Foundation, Chairman of the Audit Committee of Muhan Company. |
| The date of the approval by other official authorities | NA |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Rasheed Al Rasheed |
| Membership Start Date | 2025-01-07 Corresponding to 1446-07-07 |
| Brief Resume of the Appointed Member | Mr. Rashid Al Rashid holds a Higher Diploma in Management Information Technology Systems from King Saud University in the Kingdom of Saudi Arabia. Mr. Rashid Al Rashid has extensive experience in financial management, during which he held several leadership positions, most notably: Managing Director of the Saudi Central Cooling Company, Owner of Al Ramz Real Estate Company, CEO of the Arab Company for Water and Power Development (formerly ACWA Holding), Vice President and CFO of Abdullah Abu Nayyan Group, Senior Management Information Consultant at Al Rashid Certified Public Accountants, Senior Management Consultant at Al Rashid Certified Public Accountants, Management Consultant at Al Rashid Certified Public Accountants. Mr. Rashid Al Rashid has also served on many boards and committees as a member and chairman, most notably: Member of the Board of Directors of Arabian Shield Insurance Company. Member of the Board of Directors of Dr. Sulaiman Al Habib Medical Services Group. Member of the Board of Directors of Al Hassan Ghazi Ibrahim Shaker Company. Chairman of the Board of Directors of Al Ramz Real Estate Company. Member of the Board of Directors, Member of the Executive Committee, Member of the Audit Committee, and Member of the Nominations and Remuneration Committee at SAL Saudi Logistics Services Company. Non-Executive Board Member of Tarabut Investment and Development Company. Board Member, Chairman of the Executive Committee, Audit Committee Member, and Nomination and Remuneration Committee Member of Saudi Airlines Cargo Company. Non-Executive Board Member and Executive Committee Member of Vision International Investment Company. Board Member of Himah Financial Company Limited. Chairman of Himah Capital Investment Company. Board Member and Chairman of the Audit and Risk Committee of Jazan Gas Business Company. Non-Executive Board Member of Tarabut Air Cargo Services Company. Non-Executive Board Member of Saudi Integrated Waste Treatment Company. Board Member of Data Vault Information Technology Company. Chairman of the Board of Directors of Ramooz Al-Anam Livestock Holding Company. |
| The date of the approval by other official authorities | NA |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mike Chen |
| Membership Start Date | 2025-01-07 Corresponding to 1446-07-07 |
| Brief Resume of the Appointed Member | Mr. Mike Cheng holds a Bachelor's degree in Aerospace Systems Engineering, University of Southampton, United Kingdom. Mr. Mike Cheng has extensive experience in financial management, during which he held several leadership positions, most notably: CEO and Managing Director of the Internal Audit Department at the Public Investment Fund, Head of Risk and Compliance at Prudential Corporation for the Indonesia region, Head of Internal Audit at Prudential Corporation for the Asia region, Managing Director and Head of Audit at Barclays Bank for the Asia region, Regional Director of Internal Audit at Deutsche Bank in the United Kingdom and Europe, Director at KPMG, Mr. Mike Cheng has also served on many boards and committees as a member and chairman, most notably: Chairman of the Audit Committee of the Board of Directors of Savvy Games Group, Chairman of the Audit Committee of the Board of Directors of Aviles Company, Chairman of the Audit Committee of the Board of Directors of Roshen Company, Member of the Audit Committee of the Mining Company (Maaden), Member of the Audit Committee of the Board of Directors of Sir Automotive Company, Member of the Audit Committee of the Board of Directors of Golf Leaf Company, Member of the Audit Committee of the Board of Directors of Alat Company. |
| The date of the approval by other official authorities | NA |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Abdulaziz Al Mulhim |
| Membership Start Date | 2025-01-07 Corresponding to 1446-07-07 |
| Brief Resume of the Appointed Member | Mr. Abdulaziz Al Malhem holds a Master's degree in Business Administration from the University of Leeds in the United Kingdom and a Bachelor's degree in Industrial Engineering from King Fahd University of Petroleum and Minerals. He also completed the Executive Program from the London Business School and the GCC Board of Directors Institute Certificate. Mr. Abdulaziz Al Malhem has extensive experience in financial management, during which he held several leadership positions, most notably: Chief Financial Officer at the Health Holding Company, Deputy CEO for Community and Health Sector Consulting at the National Center for Privatization. Chief Financial Officer at Red Sea Cruise Ship Company. Chief Financial Officer at Vision Investment Company. Chief Financial Officer at Tarabut Investment Company, Assistant General Manager of Corporate Banking Services at Samba Financial Group. Mr. Abdulaziz also served on many boards and committees as a member and chairman, most notably: Chairman of the Audit Committee at Thiqa Business Services Company, Chairman of the Finance Committee at Saudi District Tabreed Company. Member of the Audit Committee at Saudi Airlines Cargo Company. Chairman of the Audit Committee and Board Member of Al-Ramz Real Estate Company, Member of the Audit Committee at Bin Dawood Holding Company. |
| The date of the approval by other official authorities | NA |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Sheila Khama |
| Membership Start Date | 2025-01-07 Corresponding to 1446-07-07 |
| Brief Resume of the Appointed Member | Ms. Sheila Khama holds an MBA from the University of Edinburgh, Scotland, United Kingdom and a BA from the University of Botswana and Swaziland - Botswana. Ms. Sheila Khama has extensive experience in financial management, during which she held several leadership positions, most notably: Director of Minerals, Oil and Gas Projects and Policy Reforms at the World Bank, Director of the African Natural Resources Center of the African Development Bank, Director of Extractive Industries at the Ghanaian Think Tank, CEO of De Beers Botswana, Head of Marketing at the First National Bank of Botswana, Group Secretary of Anglo American Corporation Botswana, Secretary of the Water Utilities Company. Ms. Sheila Khama has also served on a number of boards and committees as a member, most notably: Member of the Board of Directors and Member of the Health, Safety, Environment and Sustainability Committee and the Nominations and Governance Committees at Tullow Oil PLC, Member of the Board of Directors and Member of the Nominations and Governance Committee and the Audit Committee at Minerals Company Limited. |
| The date of the approval by other official authorities | NA |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-01-07 Corresponding to 1446-07-07 |
