ACWA Power appoints new CFO, chief portfolio management officer

RIYADH: Saudi Arabia’s ACWA Power has appointed Abdulhameed Al-Muhaidib as the new chief financial officer, according to a statement. 

Serving as the deputy CFO since January 2022, Al-Muhaidib has been with ACWA Power for 13 years, initially serving in corporate finance positions, before taking on project leadership roles in managing two projects under the company’s portfolio. 

Abdulhameed Al-Muhaidib

In his new role as the CFO, Al-Muhaibib will be involved in all finance activities along with investor relations, insurance, and shared services.

The company also announced appointing Kashif Rana, the firm’s former CFO, as the chief portfolio management officer. 

In his new role, Rana will drive the development of an effective management strategy for the company’s expanding global portfolio of over 60 projects in 13 markets.

ACWA Power continues to build on its leadership strengths. We are pleased to announce the appointments of Mr. Abdulhameed Al Muhaidib as Chief Financial Officer and Mr Kashif Rana, as Chief Portfolio Management Officer. pic.twitter.com/OSVksFVn6q

— ACWA Power-Accelerating Energy Transition Globally (@ACWAPower) August 29, 2022

ACWA Power has over 3,900 employees in 13 countries across diverse regions, including the Middle East, Africa, Central Asia, and Southeast Asia.