ACWA Power, a leading developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, has 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 has 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 toward operating as a listed company.
Mr Rana has been with ACWA Power for 13 years and has led the CFO function since 2014
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 maximizing return on investment, ensuring value creation while managing risk, and maintaining adherence to contractual and regulatory commitments.
Abdulhameed Al Muhaidib has been appointed as the new CFO.