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ACWA Power (“Acwa”) Announces the Appointment of Mr. Yazeed bin Abdulrahman Al-Humaid as a Board Member to Fill the Vacant Seat on the Board of Directors
| Element List | Explanation |
|---|---|
| Introduction | ACWA Power (“Acwa”) announces that its Board of Directors has approved via circulation the appointment of Mr. Yazeed bin Abdulrahman Al-Humaid as a member of the Board of Directors to fill the vacant seat on the Board, effective from the date of the Board’s resolution until the end of the current Board term ending on January 4, 2029. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Yazeed bin Abdulrahman Al-Humaid |
| Membership Type | Non- Executive |
| Membership Start Date | 2026-03-12 Corresponding to 1447-09-23 |
| Brief Resume of the Appointed Member | Mr. Yazeed A. Al-Humied is Deputy Governor and Head of MENA Investments of PIF. He previously served as PIF’s Chief of Staff from the time he joined in 2015. He took up his current role in 2021. The Deputy Governor role’s focus is driving PIF’s growth and involves chairing several PIF-wide management committees on behalf of His Excellency the Governor. At MENA Investments, Al-Humied’s job involves managing the local investments portfolio, investments across the Middle East and North Africa, as well as investments in private and listed companies and funds. Al-Humied also drives efforts to attract international strategic partners to invest in Saudi Arabia to localize cutting-edge technologies as well as enable effective execution of PIF's role as a driver of the Saudi economy. His division manages a portfolio of almost 100 companies belonging to various strategic priority sectors and works to enhance the performance of these companies. Al-Humied also serves on the boards of several highly strategic Saudi companies. His appointments include being Chairman of the National Security Services Company (SAFE) and Vice-Chairman of the Saudi National Bank (SNB), the Saudi Tadawul Group (STG), Saudi Telecom Company (STC) and Saudi Arabian Airlines. Prior to working with PIF, Al-Humied worked with the Saudi Capital Markets Authority (CMA) where he headed the mergers and acquisitions team. While at CMA, he was also seconded to work at the Malaysian Securities Commission as well as with the U.K.’s regulatory entity for mergers and acquisitions. Before working with CMA, he served with PricewaterhouseCoopers in a series of roles. He holds a bachelor’s degree in accounting from King Saud University and has various certifications from other international academic institutes including Harvard University and London Business School. |
| The date of the approval by other official authorities | Not Applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-03-12 Corresponding to 1447-09-23 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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