Our Story
The Water and Electricity Holding Company (Badeel) was established by the Royal Decree number M/16, dated 20/03/1430 AH (corresponding to 17/03/2009 AD), as a Closed Joint Stock Company fully owned by the Public Investment Fund, to invest in and manage all water, electricity, and Renewable Energy projects owned, or co-owned, by PIF. Badeel develops, invests, and co-owns 70% of The Kingdom of Saudi Arabia’s Renewable Energy target capacity that PIF is mandated to develop up to 2030, as a part of the National Renewable Energy Program (NREP). WEHC has participated in the first two IWPPs in the Kingdom, Shuaibah Water and Electricity Company and Shuqaiq Water and Electricity Company. WEHC currently manages 16 assets generating, in total, a capacity of 17.4 GW of power and 1,762,000 m3/day of desalinated water.
Vision
To be the leading Renewable Energy investment company in The Kingdom of Saudi Arabia’s for the benefit of future generations.
Mission
To be PIFʼs investment arm in developing a responsible and sustainable portfolio, that contributes to the growth of the local renewable energy sector.
Commitment
We are committed to sustainability through strategic Environmental, Social, and Governance ESG practices, significantly reducing carbon emissions and promoting responsible energy usage.
Our Achievements
Our Board of Directors
Message from the Chairman
Ayman Elariss
At Badeel, our vision extends beyond the present, actively shaping the Kingdom of Saudi Arabia’s sustainable future. Established in 2009 by the Public Investment Fund (PIF), we proudly embrace the responsibility of pioneering water and Renewable Energy solutions aligned with the Kingdom’s ambitious Vision 2030.
Supported by PIF’s strategic guidance, our investments in Renewable Energy and advanced infrastructure address today’s challenges and set new benchmarks for tomorrow. Through collaboration with our strategic partners and government stakeholders, our investments drive changes and progress across the energy sector and the Kingdom of Saudi Arabia’s economy, uplifting communities and safeguarding the environment.
As we advance, Badeel remains committed to its partnerships with the Kingdom of Saudi Arabia’s local champions and government stakeholders, and with the support of PIF, ensuring our shared vision continues to make The Kingdom of Saudi Arabia’s future cleaner, brighter, and more prosperous.
Sultan Al-Nabulsi
CEO - Board Member
At Badeel, we are committed to driving long-term value for the Kingdom by investing in sustainable infrastructure and innovative energy solutions. Our work is rooted in purpose—supporting The Kingdom of Saudi Arabia’s Vision 2030 while advancing environmental responsibility and economic resilience.
As a CEO, I take pride in the dedication of our team, the strength of our partnerships, and the measurable impact of our projects. We look ahead with confidence, focused on shaping a cleaner, future for generations to come.
Ayman Elariss
Chairman
Abdullah Shaker
Vice Chairman
Basel AlFraihi
Board Member
Alessandro Moretti
Board Member
Mansour Al-Qarawi
Board Member
Sultan Al-Nabulsi
Board Member
Sultan Al-Homaidhi
Board Member
Executive Management
Sultan Al-Nabulsi
Chief Executive Officer
Naveed Mirza
Chief Financial Officer
Salman Samkari
General Counsel – Legal & GRC
Abdulrahman Al-sulaim
Vice President of Shared Services
