Saudi Electricity Co - Company Profile
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Saudi Electricity 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. It 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, Saudi 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
28,414
Industry
Power
Ticker Symbol & Exchange
5110 (SAU)
Revenue (2022)
$19.2B
4%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
5.2%
(2022 vs 2021)
Market Cap*
$20.2B
Net Profit Margin (2022)
XYZ
1.2%
(2022 vs 2021)
* As of and is in US$
Saudi Electricity Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Product: | Transmission and Distribution of Electricity |
| Electricity |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company signed a power purchase agreement with Saudi Power Procurement Company for Rabigh Power Plant expansion project. |
| 2023 | Contracts/Agreements | In November, the company awarded the contract, worth SAR26.43 million, to Keir International Company to implement a high-voltage Inter-tie project in Al Khobar. |
| 2023 | Contracts/Agreements | In October, the company entered into a partnership with Saudi Arabia’s Public Investment Fund to launch an electric vehicle infrastructure company. |
Competitor Comparison
| Key Parameters | Saudi Electricity Co | Engie SA | Abu Dhabi National Energy Co | Acwa Power Co | Averda Servus SAL |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | France | United Arab Emirates | Saudi Arabia | United Arab Emirates |
| City | Riyadh | Paris | Abu Dhabi | Riyadh | Dubai City |
| State/Province | Riyadh | Ile-de-France | Abu Dhabi | - | Dubai |
| No. of Employees | 28,414 | 96,454 | 1,119 | - | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Khaled bin Saleh Al Sultan | Chairman | Executive Board | - | - |
| Khaled bin Hamad Al-Gnoon | Chief Executive Officer | Senior Management | 2022 | - |
| Manish Manchandya | Executive Vice President - Finance; Acting Executive Vice President - Strategic Planning & Investments; Chief Financial Officer | Senior Management | - | - |
| Najm bin Abdullah Al-Zaid | Vice Chairman | Executive Board | - | - |
| Feras bin Hasan AlMulla | Senior Vice President - Legal Affairs | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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