Saudi Energy Co - Company Profile
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Saudi Energy Co (SEC) is an energy utility. Through its subsidiaries, the company generates, transmits and distributes electricity; and carries out operations of the fiber optic networks, trading and realization of renewable energy, among others. The company produces electricity in gas, combined, steam and diesel power units. SEC also builds independent power plants on a build, own and operate (BOO) basis. The company distributes electricity to customers in cities, villages and communities in the Eastern, Central, Western and Southern sectors in Saudi Arabia. It is owned by Public Investment Fund, Saudi Arabian Oil Company, and other shareholders. SEC is headquartered in Riyadh, South Arabia.
Headquarters
Saudi Arabia
Address
Oasis Granada Tower A, P.O.Box 22955, Riyadh, 11416
Website
www.se.com.sa
Telephone
966 1 18077202
No of Employees
30,482
Industry
Power
Ticker Symbol & Exchange
5110 (SAU)
Revenue (2024)
$27.3B
15.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
88.9%
(2024 vs 2023)
Market Cap*
$17.8B
Net Profit Margin (2024)
XYZ
64.0%
(2024 vs 2023)
* As of and is in US$
Saudi Energy Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Electricity Connection Services |
| Electricity Management Services | |
| Billing and consumption Services | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In April, the company entered joint venture with Kraken to accelerate digital transformation of utilities and support the energy transition in MENA. |
| 2026 | Contracts/Agreements | In May, the company entered memorandum of understanding (MoU) with ministry of energy to Ehsan to enhance corporate giving through digital solutions. |
| 2025 | Contracts/Agreements | In October, the company entered into an agreement to acquire a 30% stake in NAMI. |
Competitor Comparison
| Key Parameters | Saudi Energy Co | Abu Dhabi National Energy Co | Acwa Power Co | Power and Water Utility Company for Jubail and Yanbu | Abu Dhabi Future Energy Co |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | United Arab Emirates | Saudi Arabia | Saudi Arabia | United Arab Emirates |
| City | Riyadh | Abu Dhabi | Riyadh | Jubail | Masdar |
| State/Province | Riyadh | Abu Dhabi | Riyadh | Eastern Province | Abu Dhabi |
| No. of Employees | 30,482 | 1,119 | - | 1,507 | 1,100 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Najm bin Abdullah Al-Zaid | Chairman | Executive Board | - | - |
| Raed bin Nasser Al-Rayes | Vice Chairman | Executive Board | - | - |
| Eng. Khalid bin Salim AlGhamdi | Chief Executive Officer | Senior Management | - | - |
| Abdulaziz bin Abdulrahman AlMuhaiza | Executive Vice President; Chief Financial Officer | Senior Management | 2013 | - |
| Manish Manchandya | Chief Investment Officer; Executive Vice President - Strategic Planning | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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