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Billionaire Profile
Mohammad Abunayyan
Global Rank
#2452

Image: Unsplash Contributor | Unsplash License | via Unsplash

Mohammad Abunayyan

CEO, Diversified
SAUDI ARABIA
Real-Time Net Worth
$1.679B
Estimated based on Diversified stock value as of April 20, 2026
-0.96% (24h)
Age
63
Source
Diversified
Industry
Diversified
Citizenship
SAUDI ARABIA

Biography

Mohammad Abunayyan is a prominent Saudi Arabian businessman, born in 1962. He is the founder and chairman of ACWA Power, a global leader in the energy and water sectors. His source of wealth is diversified, stemming from his ventures in the power generation and water desalination industries. His career spans over four decades, marked by significant achievements in renewable energy, infrastructure development, and strategic partnerships. Abunayyan's net worth is estimated at $1.6 billion as of March 2026, ranking him among the world's wealthiest individuals. He is known for his leadership and contributions to Saudi Arabia's Vision 2030.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life and Upbringing

Mohammad Abunayyan was born in Riyadh, Saudi Arabia, in 1962. He was raised in a conservative environment that instilled values of hard work and responsibility. His family played a vital role in shaping his entrepreneurial spirit.

Rise to Success

Abunayyan started his career in the family business, Abunayyan Trading, before venturing into the power and water sectors. Recognizing the opportunities in the privatization of the water and power sectors in Saudi Arabia, he founded ACWA Power in 2004. Under his leadership, ACWA Power has become a global leader in renewable energy and water desalination, with a portfolio of projects across 15 countries.

Key Business Strategies

Abunayyan's key business strategies include a focus on cost leadership, strategic partnerships, and innovation in sustainable energy solutions. He has championed Public-Private Partnerships (PPPs) and promoted local content development, creating thousands of jobs and contributing to the economic growth of Saudi Arabia. His vision is about positioning Saudi Arabia as a global leader in sustainable energy.

Philanthropy

Details on specific philanthropy amounts could not be found in the search results.

Career Milestones

1979

Joined Family Business

Joined the family business, Abunayyan Trading, after graduating high school.

2004

Founded ACWA Power

Founded ACWA Power to capitalize on opportunities in the privatized water and power sectors.

2021

ACWA Power IPO

Took ACWA Power public on the Saudi stock exchange.

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