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Jeddah - Yasmine El Tohamy - Who’s Who: Raad Al-Saady, vice chairman and managing director of Saudi Arabia’s ACWA Power
Raad Al-Saady has been the vice chairman and managing director of Saudi Arabia’s utility service provider, ACWA Power, since February this year.
In his current role, Al-Saady oversees growth and business expansion and provides guidance on strategy, human capital, stakeholder management and other strategic drivers.
The company strives to impact millions of lives daily by delivering essential power and water across three continents while driving the transition to a carbon-free, greener future.
Previously, Al-Saady was part of Abdul Latif Jameel company, a successful and diversified Saudi business conglomerate, where he held several key leadership roles across ALJ’s business sectors, including his tenure as vice president of mobility.
A strategic management veteran, Al-Saady has over 20 years of experience in the financial services and automotive industry, including a stint in the technology venture capital sector in Silicon Valley in California, US.
He also held governance-level roles in investment banking, international trade, real estate and aviation across diverse organizations, including Saudia airline, Morgan Stanley, the Saudi General Authority of Foreign Trade, flyadeal, and numerous other reputable non-governmental organizations.
Al-Saady has also been serving as chairman of the audit, risk and compliance committee for Saudia airline since October 2020, chairman of the executive committee of the Saudi General Authority of Foreign Trade, and chairman of NRC at flyadeal.
He was chairman of the board and the executive committee for Muheel Services LLC from June 2022 to December 2022, chairman of the audit committee for Morgan Stanley from June 2018 to December 2022, and member of the board of advisors for Four Principles from January 2019 to December 2022.
Al-Saady was also chairman of the board for the Mutalabah Company for Financial Entities Debt Collection.
He holds a bachelor’s degree in business management from Menlo College in California, US.
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