ACWA Power inks strategic agreement with Saudi Arabia’s Institute of Internal Audit


Riyadh, KSA: 30 November 2021: ACWA Power, a leading developer, investor, and operator of power generation, desalinated water, and green hydrogen plants worldwide, today signed a strategic agreement with the Saudi Institute of Internal Audit (IIA) to reinforce the exchange of expertise in the fields of internal audit, risk management, and governance.

The signing ceremony was held at the headquarters of the General Bureau for Auditing in Riyadh, in attendance of His Excellency Dr. Hussam Al-Anqari, President of the General Auditing Bureau and Chairman of Saudi Arabia's Saudi Internal Auditors Association, Mr. Mohammed bin Abdullah Abunayan, Chairman of the Board of Directors of ACWA Power, and Mr. Ghassan H. Shawli, ACWA Power's Chief Legal Officer.

Under the strategic agreement, the two parties will collaborate on joint programs that serve the profession of internal auditing. The agreement also aims to enhance the knowledge contents on internal auditing in Saudi Arabia while promoting the development and advancement of the profession in line with the Kingdom's Vision 2030.

The Saudi Internal Auditors Association continuously seeks to establish relationships with partners from the public and private sector in accordance with its 2021-2025 strategic plan. This is in line with its efforts to further develop the internal audit practice and bring its supervisory role within the relevant establishments, while reinforcing the aspirations of the country’s leadership and sustain Saudi Arabia’s overall development process.