Leadership

Mr. Ahmad Almujalham is the Chairman of the Board of Directors. Prior to joining the Board in April 2021, he held multiple roles at the Kuwait Fund for Arab Economic Development for 23 years where he handled the project development of high dams, irrigation schemes, resettlements, and flood protection and has represented the Fund in many international donors and consultative group meetings. He returned to the Kuwait Fund in 2014 and presently serves as a Senior Engineering Advisor for the Appraisal of Roads and Social Projects. Mr. Almujalham has also previously held a role as Mega Project Manager at Almal Investment Company where he oversaw the development of the Hail Economic City in Saudi Arabia.

Mr. Almujalham holds a degree in Civil Engineering and an MBA from Kuwait University, Kuwait.

Mr. Balwinder Panesar is the Vice Chairman of the Board of Directors. Mr. Panesar is also the Chief Executive Officer of Summit MEA Power FZE, a wholly owned subsidiary of Sumitomo Corporation that develops, operates, and manages private power, cooling, and water plants in the Middle East, Africa, and CIS regions. Mr. Panesar's previous roles include the Executive Managing Director of Sharjah Hamriyah Independent Power Company in UAE and several other positions in the power generation sectors in the UK and Asia.

Mr. Panesar holds a degree in Chemical Engineering from University College London, UK, and an MBA from Henley Management College, UK. Mr. Panesar is also a fully qualified member of the Institute of Chartered Accountants in England and Wales.

Mr. Ghazi Abdulrahman Al Sanie is a non-executive Director of the Board of Directors who joined the Board in September 2020. He also serves as Head of Investment Research at Kuwait's Public Institution for Social Security (PIFSS) where he oversees the team responsible for portfolio analysis and conducted macro studies to evaluate the effect of macro-environments in portfolios. Mr. Al Sanie's previous roles include a Partnership role in Investment Due Diligence at Albourne Partners Ltd, and as AVP/Fund Manager at Global Investment House in Kuwait.

Mr. Al Sanie holds a Bachelor’s Degree in Banking & Finance from Hofstra University, USA. He is also a Board Member at Wafra International Investment Company.

Mr. Laurent Furedi is a non-executive Director of the Board of Directors. Joining the Board in February 2021, he brings with him extensive experience in communication, lobbying, strategy, and corporate social responsibility in South America and Europe. Mr. Furedi's previous roles include Chief Commercial Officer for Cities and Communities/Urban Infrastructure at ENGIE LATAM in Chile where he accelerated the development of the BU for asset-based solutions, and Director of Development at GDF SUEZ in France, where he oversaw major projects dealing with nuclear power, offshore wind, hydro concessions, and shale gas.

Mr. Furedi holds several degrees in Economics, Business Administration, and Communications from France.

Mr. Paul Leslie Floyd is an Executive member of the Board of Directors. Joining the company in September 2023, he also serves as Chief Executive Officer. He brings with him over 30 years of experience in the power generation and water production industry and a background in commercial leadership, business management and project development/delivery, backed up by multifaceted experience in, construction, commissioning, operations and maintenance, and asset management. He currently holds several directorship positions within Operation and Maintenance Companies in the Middle East.

Mr. Floyd holds a master’s degree in engineering from RMIT University in Australia, and another master’s degree in business administration from Massey University in New Zealand.

Mr. Ayad Al Falah is an Independent Member of the Board of the Directors. Joining the Board in April 2021, he brings with him extensive experience in Power Generation & Water Desalination Projects. Mr. Al Falah is was a Member of the Joint Committee for the pre-feasibility study of Privatization of North Shuaiba Power Plant (NSPP) in Kuwait and is a Technical Consultant for a private local contracting company working on public tenders for MEW, MPW, PAHW, and the Oil sector. His previous roles include MEW Assistant Undersecretary for Power Generation & Water Desalination Projects Sector where he oversaw the Gas Turbine Power Plant project.

Mr. Falah holds a degree in Mechanical Engineering from the University of Miami, USA, and an MBA from Kuwait University, Kuwait.

Mrs. Al Humdain joined the Board in May 2024, with a 28-year tenure in the downstream & oil products marketing sectors of Kuwait's oil sector. With a rich history of holding numerous operational and managerial roles globally, she currently excels as Corporate Planning Group Manager at Kuwait Petroleum International. Her expertise is further recognized through her board memberships with several esteemed companies in Europe & Asia, showcasing her wide-ranging influence and strategic acumen in the global energy industry.

Mrs. Al Homaidan holds a Bachelors Degree in Chemical Engineering and a Masters in Business Administration from Kuwait University.

Mr. Julien Diaz is a non-executive Director of the Board of Directors. Joining in February 2024, he brings with him 15 years of experience in infrastructure sector (power, water, waste…) where he held different financial positions acquiring expertise in project finance, acquisition and financial management. Mr. Julien Diaz started his career in 2007 at Credit Agricole New-York in project finance and then joined Ernst & Young Paris as financial advisor of public and private companies of the infrastructure industry. In 2013, he joined SUEZ as expert in project finance before evolving to more corporate finance role. In 2020, he became Chief Financial Officer for Middle East and Central Asia extended to Africa one year later. Mr. Julien Diaz joined Engie in 2023 as Senior Financial Advisor for Middle East, India & Africa.

Mr Koji Makita is a member of the Board of Directors. Mr Makita has been based in UAE since 2021 to lead for managing IPP/IWPP assets in the Middle East and Africa, as the Director, Asset Management and Finance & Administration of Summit MEA Power FZE, a wholly owned subsidiary of Sumitomo Corporation. Mr Makita joined Sumitomo Corporation in 2005 and has since involved in the Power industry acting as developer as well as management of IPP/IWPP including the overseas assignment in Viet Nam.

Mr Makita holds a Master’s Degree in Pure and Applied Physics from the Waseda University in Japan.

Ms. Farah Abdulrahman AlHumaidan serves as the Board Secretary for the Board of Directors. She also holds the position of Compliance Officer. In this role, Ms. Farah ensures that the Company adheres to legal standards, regulatory requirements, and internal policies to mitigate risks and maintain ethical practices.

Ms. Farah holds a Bachelor of Business Administration in International Business from Gulf University for Science and Technology and an LLB from Kuwait International Law School.