58.24% of ACWA Power is owned by ACWA Holding which is a partnership between Abdullah Abunayyan Group and A.K. Al-Muhaidib & Sons Group, 28.69% is owned by the MADA Group (one of the Al Rajhi group of companies) and the final 13.07 % is owned between the Al Mutlaq Group, Al-Subeaei Group and Omar Kassem Alesayi Group.
Abdullah Abunayyan Group - was founded in Riyadh in 1960. The group has a strong presence in the water and power sectors, specializing in construction and operation & maintenance contracting. Projects include water desalination, water and wastewater treatment plants, as well as power generation plants and control systems.
A.K. Al-Muhaidib Group - was established in 1950 in Dammam and now operates across the entire Middle East and North Africa. The group commands a strong presence in building, engineering, manufacturing, contracting, food, retail, financial and service industry sectors and its food supply business enjoys a dominant share of the rice and sugar market.
MADA Group for Industrial and Commercial Investment - was formed by the Al-Rajhi Group (founded in 1935) as a special purpose investment vehicle. Its strategic investments include petrochemicals, construction services, carpet and synthetic grass materials, veterinary medicines, travel services, food products and insurance. The group is one of the largest and most diversified business conglomerates in Saudi Arabia and includes the largest Islamic financial institution in the world.
Al-Mutlaq Group - created 50 years ago in Riyadh and now is a major leader in manufacturing and retailing of furniture, agricultural equipments, automotive parts and accessories industrial heat exchangers.
Al-Subeaei Group - was founded 76 years ago in Jeddah to provide financial services and now has interests in building materials, real estate, industrial maintenance, import and distribution of textiles and furniture, and the manufacturer of prayer carpets.
Omar Kassem Alesayi Group - was established 1946 in Jeddah and has interests in real estate, civil engineering, construction, hotels and malls, electronics, clothing, automobiles and spare parts and manufacturing of foodstuffs and chemicals.