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.
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 |
---|---|---|
2024 | Contracts/Agreements | In January, the company and Nesma Infrastructure & Technology signed a contract to build the Farasan Island 132/33/13.8KV Substation in the Jizan region, Saudi Arabia. |
2023 | Contracts/Agreements | In December, the company awarded a SAR 22.98 million project to Rawasi Albina Investment Company for the design, engineering, procurement, supply, and delivery of all equipment and materials to the work site for SEC project. |
2023 | Plans/Strategy | In December, the company's joint venture EVIQ announced its plans to install 5,000 fast charging points across 10,000 locations across the Kingdom. |
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 | Courbevoie | Abu Dhabi | Riyadh | Dubai City |
State/Province | Riyadh | Ile-de-France | Abu Dhabi | - | Dubai |
No. of Employees | 28,414 | 97,297 | 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 | - | - |
Abdulkarim Bin Abdulaziz Al-Rasheed | Senior Vice President - Human Resources & Corporate Services | 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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