Saudi Electricity Co - Company Profile

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Saudi Electricity Co: Overview

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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. 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, Saudi Arabia.

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Headquarters Saudi Arabia
Address Al-Olaya Street, Al-Arid district, P.O.Box 22955, Riyadh, 11416
Website www.se.com.sa
Telephone 966 011 8077202
No of Employees 30,584
Industry Power
Ticker Symbol & Exchange 5110 (SAU)
Revenue (2022) $20.1B 4.5% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ -32.3% (2022 vs 2021)
Market Cap* $18.6B
Net Profit Margin (2022) XYZ -35.2% (2022 vs 2021)
* As of and is in US$
View Saudi Electricity Co financials
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Saudi Electricity Co premium industry data and analytics

410+

Tenders & Contracts

Detailed insights into open, awarded and pre-solicited tenders and contracts for Saudi Electricity Co.

80+

Transmission & Distribution

Access detailed information on all line and substation projects and T&D infrastructure with Saudi Electricity Co.

6

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for Saudi Electricity Co (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Saudi Electricity Co’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Product Electricity Connection Services
Electricity Electricity Management Services
Account Management
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Contracts/Agreements In May, the company awarded a contract to Keir International Co. to set up a ground line between two stations in Wadi Ad Dawasir, Saudi Arabia.
2024 Contracts/Agreements In May, the company entered into a contract with Nesma Infrastructure and Technology to establish a new substation in the Thuwal region.
2024 Contracts/Agreements In April, the company signed a memorandum of understanding with the Japan Bank for International Cooperation to create solutions for future projects.
Dive into past operations, including product releases, deals, acquisitions & more Dive into past operations, including product releases, deals, acquisitions & more Find out more
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Competitor Comparison

Key Parameters Saudi Electricity Co Abu Dhabi National Energy Co Marafiq Acwa Power Co Rabigh Arabian Water & Electricity Co Ltd
Headquarters Saudi Arabia United Arab Emirates Saudi Arabia Saudi Arabia Saudi Arabia
City Riyadh Abu Dhabi Jubail Riyadh Rabigh
State/Province Riyadh Abu Dhabi Eastern Province - Makkah
No. of Employees 30,584 1,119 1,421 - -
Entity Type Public Public Public Public Private
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Executives
Name Position Board Since Age
Najm bin Abdullah Al-Zaid Chairman Executive Board - -
Khaled bin Hamad Al-Gnoon Chief Executive Officer Senior Management 2022 -
Abdulaziz bin Abdulrahman AlMuhaiza Chief Financial Officer; Executive Vice President Senior Management - -
Manish Manchandya Chief Investment Officer; Executive Vice President - Strategic Planning Senior Management - -
Tahir Mahmoud Chief Audit Executive; Senior Vice President - Risk Management and Compliance Senior Management - -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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