The King Khalid Award is a high national standard for measuring the impact of excellence in community performance and institutional sustainability.

ACWA Leadership: The award represents external recognition of a sustainable path based on integration and responsibility.

Riyadh, Saudi Arabia – ACWA Power, the world’s largest privately owned desalination company, a leader in energy transformation, and a pioneer in green hydrogen, celebrated winning the highest rating in the social criterion of the King Khalid Award, one of the most prestigious awards in Saudi Arabia and the region, which evaluates the performance of entities according to key criteria including social, environmental, and governance standards.

The award was presented during a ceremony held at the King Khalid Foundation headquarters in Riyadh, under the patronage of His Royal Highness Prince Faisal bin Khalid, Advisor to the Custodian of the Two Holy Mosques and Chairman of the Foundation's Board of Trustees. Mr. Raad Al-Saadi, Vice Chairman and Managing Director, accepted the award on behalf of the company, in the presence of several of the company's executive leaders.

For her part, Dr. Rasha Al-Rawaf, Chief Corporate and Sustainability Officer at Aqua, said, “Winning the King Khalid Award is a strong affirmation of our belief that business growth and social responsibility are mutually reinforcing. This timing is particularly significant as this recognition coincides with the launch of our new corporate identity, which places people at the center of everything we do. The award also demonstrates that sustainability is not a secondary initiative within our operations, but rather is deeply rooted in how we work, how we invest, and how we measure success.”

This recognition came after a rigorous evaluation process that lasted several months, during which the company underwent a comprehensive audit based on submitted data and sustainability reports from the previous year. In this context, ACWA received special recognition for its excellence in social impact, achieving the highest social rating among private sector companies, clearly affirming its deep commitment to people and society.

King Khalid Award… A national benchmark for sustainable impact

The King Khalid Award is one of the most prestigious national awards granted to the most distinguished entities in achieving a sustainable positive impact. It aims to promote environmental sustainability, governance, and social responsibility practices in both the private and non-profit sectors. The award encompasses multiple categories, including private sector companies (large, medium, and small) and non-profit organizations, recognizing the top three winners in overall performance, in addition to special awards for excellence in specific criteria.

Success factors: Teamwork and an institutional approach

This achievement reflects the culmination of integrated efforts led by several departments within the company, most notably Sustainability, Social Responsibility, Human Capital, Occupational Safety and Health, and Governance. Corporate Social Responsibility initiatives witnessed remarkable growth during 2025 in terms of program size and community impact, alongside comprehensive employee development programs covering various job levels, with ongoing monitoring and auditing of on-the-job training programs. Furthermore, the rigorous application of occupational health and safety standards and documentation of compliance with international standards contributed to enhancing the company's social rating, reflecting its commitment to employee safety and operational sustainability.

About Aqua Company

ACWA Power (trading symbol: 2082) is a Saudi-listed company and the world’s largest privately owned desalination plant. It is the first company to produce green hydrogen and a leader in the global energy transition. Established in Riyadh, Saudi Arabia in 2004, the company employs over 4,000 people and currently operates in 15 countries across the Middle East, Africa, Central Asia, and Southeast Asia. Its portfolio includes 111 projects in operation, development, or construction, with an investment value of SAR 430 billion (USD 114.8 billion). These projects have a generating capacity of 93 gigawatts of power and produce and manage 9.2 million cubic meters of desalinated water per day, which is delivered in large quantities to meet the long-term needs of government facilities and industries. ACWA Power also provides water and electricity to third parties through power purchase agreements and public-private partnerships.

For more information, please visit the company's website via the link.

www.acwapower.com

For media communication

Hala Mohsen

Director of Media Affairs and External Communications

hmohsen@acwapower.com

media.inquiries@acwapower.com

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