Saudi Electricity Company

Saudi Electricity Company
Company typePublic
Tadawul: 5110
ISINSA0007879550 Edit this on Wikidata
IndustryElectric utility
Founded3 May 2000; 24 years ago (2000-05-03)
Headquarters
Al Aridh, Riyadh
,
Saudi Arabia
Key people
  • Najem Abduallah Alzaid (Chairman)[1]
  • Khalid Bin Hamad Al-Ghonon (CEO)
RevenueIncrease $SAR 72.1 billion (2022)[2]
Increase $SAR 18 billion (2022)[2]
Increase $SAR 15.1 billion (2022)[2]
Total assetsIncrease $SAR 479.5 billion (2022)[2]
Total equityIncrease $SAR 257.1 billion (2012)[2]
Subsidiaries
  • National Grid SA Company
Websitewww.se.com.sa/en

Saudi Electricity Company (Arabic: الشركة السعودية للكهرباء; SEC) is the Saudi electric energy company. It enjoys a near monopoly on the generation, transmission and distribution of electric power in Saudi Arabia through 45 power generation plants in the country.[3] In 2019, SEC was ranked by Forbes as the 5th largest company in the Kingdom, and the 578th worldwide, with total annual sales of $17.1 billion .[4]

  1. ^ "Saudi Electricity Company Unveils Two Executive Appointments". Market Screener. January 24, 2024. Retrieved March 15, 2024.
  2. ^ a b c d e Annual Report 2022, Saudi Electricity Company
  3. ^ "Saudi Electricity to be divided into four separate companies". Solar GCC Alliance. 2014-03-25. Retrieved 2015-08-30.
  4. ^ "Saudi Electricity". Forbes. Retrieved 2020-01-28.