Saudi Electricity Co

Saudi Electricity Co was founded on April 5, 2000, with headquarters in Riyadh. The SEC produces and distributes electricity throughout Saudi Arabia and beyond, independently and via its subsidiaries:
The long-term goals of the company are to develop innovative solutions by improving the company’s business.

In this context, initiatives have been launched to create an innovative energy incubator and research centers. The projects are designed to serve various activities of the company following five strategic areas: rational use, energy efficiency, system reliability and stability, energy conservation and renewal, environment, and safety.

Research and developments:

Innovative energy incubator. The first incubation and business center focused on the energy sector in Saudi Arabia, with the support of national and foreign partners.

Projects and revenues of Saudi Electricity Co

In February 2019, Dawiyat Integrated Telecommunications and Information Technology, a subsidiary of SEC, signed a memorandum with Nokia to develop a 5G network in Saudi Arabia. The collaboration is designed to support the National Transformation Program (NTP) 2020 and Saudi Vision 2030. Both companies will participate in the development of about 10 million intelligent telecommunication network meters.

Also in 2019, the new SEC power transmission station, Qaryat al-Ulya, began its work with a total investment of 220 million rials.
The project was implemented using the latest technology to support Saudi efforts to reduce dependence on oil revenues.

In June 2019, the SEC subsidiary, Dawiyat Telecom, completed the first phase of the deployment of fiber optic networks in Sudair, Jeddah, Dammam, and Harje.

The step was implemented as part of the National Industrial Development and Logistics Program (NIDLP). The project aims to develop a digital infrastructure that will allow the use of 5G and the Internet of Things (IoT).

Q2 2015 Consolidated Financial Result

Net income decreased by 57.28% to 789 million rials, compared with 1,184 billion rials in the second quarter of 2018. The company attributes the profit figures to lower electricity sales and higher financing costs.

Saudi energy firm revenues fell 38.04% year-on-year to 1,82 billion riyals over three months period from April to June. For the first half of 2019, the company suffered a loss of 700 million riyals against a profit of 633 million riyals in the first half of the year.Revenue decreased by 4.07% to 27,91 million riyals.

Despite temporary losses, the Saudi Electricity Company is responsible for providing efficient services with the highest quality performance.

Stock quotes - current exchange rate and chart

InstrumentDescriptionSpreadCost
Citigroup Stock Citigroup - course and charts641.78
Manchester United Stock Manchester United - course and charts1014.63
Exxon Mobil Stock Exxon Mobil - course and charts634.29
NIKE Stock NIKE - course and charts6126.93
Santander group Stock Santander group - course and charts81.72
COCA-COLA Stock COCA-COLA - course and charts648.11
JPmorgan Chase and CO Stock JPmorgan Chase and CO - course and charts692.65
MICROSOFT Stock MICROSOFT - course and charts6200.7
Chevron Stock Chevron - course and charts671.83
Banque Saudi Fransi Stock Banque Saudi Fransi - course and charts2532.23
Facebook Stock Facebook - course and charts6248.89
Arab National Bank Stock Arab National Bank - course and charts1520.17
BOEING Stock BOEING - course and charts10151.08
Saudi British Bank Stock Saudi British Bank - course and charts1025.23
General Electric Stock General Electric - course and charts66.04
FERRARI Stock FERRARI - course and charts10181.38
Riyad Bank Stock Riyad Bank - course and charts819.13
AMAZON Stock AMAZON - course and charts242997.37
Goldman Sachs Group Stock Goldman Sachs Group - course and charts6185.98
Deutsche Bank Stock Deutsche Bank - course and charts87.97
Saudi Electricity Stock Saudi Electricity - course and charts616.55
Saudi Investment Bank Stock Saudi Investment Bank - course and charts815.77
Tesla Motors Stock Tesla Motors - course and charts14379.93
Intel Stock Intel - course and charts1048.75
WalMart Stock WalMart - course and charts6135.92
Something went wrong
Message: