Thamer Al-Sharhan joins ACWA Power leadership team

ACWA Power has announced the strengthening of its senior leadership team with the appointment of a seasoned top executive to the newly created position of MD reporting to the board of directors.
Thamer Al-Sharhan has served as president and CEO of Marafiq, the company that delivers utility services at the two giant industrial cities of Jubail and Yanbu, since September 2006.
He will bring his energy, enthusiasm, and invaluable experience to add strength and depth to the leadership team at ACWA Power.
Thamer’s “unblemished” track record covers 30 years’ experience in the industrial and utility sectors and was earned at SABIC and its affiliates, Saudi Petrochemical Company (SADAF), SABIC Terminal Services Co. (SabTank), Arabian Petrochemical Company (Petrokemya).
Al-Thamer will contribute to ACWA Power by consolidating its position as a market leader in its chosen sector in the countries it has elected to operate.
Mohammad Abunayyan, chairman of ACWA Power, said: “ACWA Power is proud to have attracted such a distinguished executive as Thamer whose well proven capability and professionalism and unwavering commitment to excellence will significantly increase the bench strength of the leadership team at ACWA Power.”


ACWA Power is a developer, investor, co-owner and operator of power generation and desalinated water production plants of contracted capacity of 14,800 MW of electricity and 2.37 million m3/day of desalinated water with an investment value in excess of $19 billion and providing employment to more than 2,300 people.
The company, incorporated in the Kingdom, with a paid-up of $1.4 billion is owned by eight Saudi private Conglomerates and by Sanabil, the investment arm of PIF, the sovereign wealth find of Saudi Arabia and by the Public Pensions Agency.
ACWA Power’s core business is the delivery of electricity and desalinated water by operating assets in which the company has a meaningful level of investment to exercise operational control.