Riyadh, Saudi Arabia – ACWA Power, a global leader in renewable energy and desalinated water, has officially secured a SAR 750 million (USD 200 million) Shariah-compliant term loan from Alinma Bank. This financing will support the development of the company’s new corporate headquarters in Riyadh, with completion targeted by December 31, 2027.
This significant milestone not only strengthens ACWA Power’s financial standing but also demonstrates its unwavering commitment to sustainable development and Vision 2030, Saudi Arabia’s national transformation strategy.
A Green Milestone in Corporate Infrastructure
Planned as ACWA Power’s central hub, the new Riyadh headquarters will reflect the company’s innovation-driven and environmentally conscious approach. Designed to meet Net Zero building standards, the structure will incorporate advanced green technologies to reduce carbon emissions and environmental impact.
According to Abdulhameed Al Muhaidib, Chief Financial Officer of ACWA Power, the project represents a major step forward:
“This headquarters will symbolize our long-term commitment to innovation, sustainability, and talent development in line with the Kingdom’s ambitions for a cleaner, more sustainable future.”
Alinma Bank’s Role in a Sustainable Vision
Jameel Alhamdan, Chief Corporate Banking Officer at Alinma Bank, highlighted the bank’s pride in financing this strategic project:
“We are proud to be the sole financier of this landmark initiative, supporting ACWA Power and contributing to the Kingdom’s sustainable development goals.”
This seven-year financing deal marks an important collaboration between two leading Saudi entities, demonstrating the power of private-sector partnerships in driving green infrastructure and economic diversification.
Supporting Vision 2030 and Saudi’s Green Goals
The new headquarters aligns directly with Saudi Arabia’s Vision 2030, which promotes environmental stewardship, economic resilience, and innovation. By investing in sustainable workspaces, ACWA Power aims to attract top-tier talent, foster innovation, and enhance employee well-being—all while reducing its operational carbon footprint.
The project also positions Riyadh as a future-focused business hub, bolstering its status as a center for eco-friendly corporate development in the Middle East.
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