ACWA Power’s General Assembly Approves Election of 11 Members to the BOD

International Company for Water and Power Projects (“ACWA Power”) Announced on Thursday the Extraordinary General Assembly approval to the election of 11 the Board members from among the candidates for the next term through cumulative voting process, commencing from the date of Extraordinary General Assembly dated 05 January 2022 G, for a term of three years, ending on 04 January 2025.

The company said that the percentage of attending shareholders reached %90.26119.

Voting Results on the Items of the General Assembly’s Meeting Agenda’s

1) Approve the Board recommendation to dissolve the current Board started on 5th July 2019 G, effective from the date of Extraordinary General Assembly dated 05 January 2022G.

2) Approve election of the Board members from among the candidates for the next term through cumulative voting process, commencing from the date of Extraordinary General Assembly dated 05 January 2022 G, for a term of three years, ending on 04 January 2025 G, and their names are as follows:

1. Mr. Esmail Mohammed Al Sallom

1. Dr. Ibrahim Sulaiman Al Rajhi

1. Mr. Mohammad Abdullah Abunayyan

1. Mr. Omar Hamad Al Madhi

1. Mr. Omar Mohammed Nabil Al Midani

1. Mr. Ahmed Abdulaziz Al Hakbani

1. Mr. Suntharesan Padmanathan

1. Mr. Abdullah Abdulrahman Al Rowais

1. Mr. Fahad Abduljalil Al Saif

1. Mr. Li Ping

1. Dr. Madeyln Antoncic

3) Approve the dissolve of the current Audit Committee started on 5th July 2019 G, effective from date of Extraordinary General Assembly dated 05 January 2022 G.

4) Approve the formation of the Audit Committee, and the definition of its duties, work regulations and remuneration of its members for the new term, starting from 05 January 2022 until the end of the term on 04 January 2025, and their names are as follows:

• Khalid Ibrahim Rabiah (Chairman)
• Mike Cheng
• Abdullah Abdulrahman Al Rowais
• Li Ping
• Rasheed Abdulrahman AlRasheed

5) the amendment of Article (1) of the Company’s bylaws relating to (Incorporation).

6) Voting on the amendment of Article (2) of the Company’s bylaws relating to (Name of the Company).