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. 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.

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Headquarters Saudi Arabia
Address P.O.Box 22955, Oasis Granada Tower A, Riyadh, 11416
Website www.se.com.sa
Telephone 966 1 18077202
No of Employees 28,414
Industry Power
Ticker Symbol & Exchange 5110 (SAU)
Revenue (2023) $20.1B 4.5% (2023 vs 2022)
EPS XYZ
Net Income (2023) XYZ -32.3% (2023 vs 2022)
Market Cap* $22.1B
Net Profit Margin (2023) XYZ -35.2% (2023 vs 2022)
* As of and is in US$
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: Transmission and Distribution of Electricity
Electricity
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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 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.
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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
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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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