Saudi Energy Co. (5110)

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News

3 hours ago Saudi Energy generates SAR 1.8bn profits in Q1-26 consolidated financials

Riyadh - Mubasher: The net profits attributable to the shareholders of Saudi Energy Company hiked by 89.35% to SAR 1.83 billion in the first quarter (Q1) of 2026 from SAR 968 million in Q1-25. The group posted 9.41% year-on-year (YoY) higher …

Financial Results

19 April 12:27 PM Acwa, Saudi Energy pen SAR 11.5bn agreement for Rabigh 2 IPP expansion project

Riyadh - Mubasher: Acwa Power Company and Saudi Energy Company inked a SAR 11.50 billion power purchase agreement (PPA) with Saudi Power Procurement Company for the Rabigh 2 Independent Power Plant (IPP) expansion project. The agreement covers the …

Companies Investments

15 April 12:53 PM Saudi Energy, Kraken to expand in MENA via JV

Riyadh - Mubasher: Saudi Energy Company has finalized agreements with Kraken Technologies Limited to establish a joint venture (JV) headquartered in Riyadh, according to the Saudi Press Agency (SPA). Under the partnership agreement, Saudi Energy …

Companies Investments

24 March 09:23 AM Anmat Technology awarded SAR 47m contract project from Saudi Energy

Riyadh - Mubasher: Anmaat Technology Company was awarded a framework purchase agreement with Saudi Energy Company at an approximate value of SAR 47 million on 16 March 2026. The deal covers the supply of specialized technical equipment and systems …

Companies Investments

3 March 02:55 PM Saudi Energy’s profits surge 89% in 2025; revenues cross SAR 102bn

Riyadh - Mubasher: Saudi Energy Company achieved 88.95% year-on-year (YoY) higher net profits attributable to shareholders at SAR 12.97 billion in 2025, compared with SAR 6.86 billion. The earnings per share (EPS) totaled SAR 0.96 as of 31 …

Financial Results

3 March 02:40 AM Sitecore accelerates momentum in Middle East via AI deployments, works with listed entities

Mubasher: Sitecore, a global player in AI-enabled digital experience software, announced a significant expansion of investment in the Middle East with a new deployment announced for Saudi Arabia in 2026, according to a press release. An early …

Companies Investments

1 March 11:58 AM SEC launches new identity, logo

Riyadh - Mubasher: Saudi Electricity Company (SEC) changed its new corporate identity and officially rebranded as Saudi Energy Company (SE) to enhance energy supply security and grid reliability in line with the objectives of Vision 2030 The move …

Companies Investments

22 January 03:33 PM SEC inks SAR 5.3bn agreement for Rabigh 1 expansion facility

Riyadh - Mubasher: Saudi Electricity Company (SEC) has penned an energy conversion agreement (ECA) valued at SAR 5.33 billion with the Saudi Power Procurement Company (SPPC) to purchase electricity generated from the Rabigh 1 expansion power …

Companies Investments

26 November 2025 06:17 PM Elsewedy Electric unveils $40m facility in Riyadh as 1st local factory accredited by SEC

Cairo - Mubasher: Elsewedy Electric KSA, a subsidiary of Elsewedy Electric Company, has inaugurated a $40 million factory in Riyadh’s Elsewedy Industrial Complex, according to a press release. The strategic investment exceeding SAR 75 million …

Companies Investments

5 November 2025 05:35 PM SEC posts SAR 78.2bn revenues in 9M-25; profits down

Riyadh – Mubasher: Saudi Electricity Company (SEC) recorded net profits worth SAR 11.58 billion in the first nine months (9M) of 2025, an annual fall of 4.57% from SAR 12.14 billion. On the other hand, the revenues hiked by 17.60% year-on-year …

Financial Results

28 October 2025 03:40 PM SEC signs SAR 1.3bn agreement for Samtah solar project

Riyadh - Mubasher: Saudi Electricity Company (SEC) penned a power purchase agreement (PPA) with the Saudi Power Procurement Company (SPPC) on 27 October. The PPA covers the development of the 600 megawatt (MW) Samtah solar PV power plant in …

Companies Investments

26 October 2025 06:34 PM SEC inks SAR 12.8bn deals for 2 power plants

Riyadh - Mubasher: Saudi Electricity Company (SEC) penned power purchase agreements (PPAs) worth SAR 12.83 billion with the Saudi Power Procurement Company (SPPC) on 23 October. The deals cover the development of two large-scale combined-cycle gas …

Companies Investments

18 September 2025 07:23 PM EIC’s units pen SAR 1.6bn joint agreements with SEC

Riyadh - Mubasher: WESCOSA and Saudi Transformers Company, subsidiaries of Electrical Industries Company (EIC), have signed a SAR 198.50 million agreement with Saudi Electricity Company (SEC) on 16 September. The 19-month deal covers the supply of …

Companies Investments

16 September 2025 08:49 AM EIC’s subsidiaries pen SAR 785.5m supply deal with SEC

Riyadh – Mubasher: WESCOSA and Saudi Transformers Company, subsidiaries of Electrical Industries Company (EIC), inked a SAR 785.50 million agreement with Saudi Electricity Company (SEC) on 10 September. Through its subsidiaries, EIC will supply …

Companies Investments

11 August 2025 01:04 PM SEC records higher profits at SAR 6.2bn in H1-25; revenues hike 23.5%

Riyadh – Mubasher: Saudi Electricity Company (SEC) witnessed 19.26% year-on-year (YoY) higher net profits at SAR 6.25 billion in the first half (H1) of 2025, compared to SAR 5.24 billion. The group’s revenues hit SAR 47.22 billion as of 30 June …

Financial Results

16 June 2025 06:53 PM TADCO, SEC ink agreement for power transmission station

Riyadh - Mubasher: Tabuk Agricultural Development Company (TADCO) has signed an agreement with the National Electricity Transmission Company, a subsidiary of the Saudi Electricity Company. Under the agreement, which is valid until 31 December 2026 …

Companies Investments

14 May 2025 10:56 AM SEC’s profits jump 8% in Q1-25; revenues hit SAR 19.5bn

Riyadh – Mubasher: Saudi Electricity Company (SEC) recorded an annual rise of 7.91% in net profit to SAR 968 million during the first quarter (Q1) of 2025, compared to SAR 897 million. The revenues surged by 22.96% year-on-year (YoY) to SAR 19.50 …

Financial Results

1 April 2025 09:51 PM Global firm EXP announces partnership with oil-focused Al Suwaiket

Riyadh – Mubasher: EXP, a global engineering, architecture, design and consulting firm has teamed with Al Suwaiket Group, a leader in supplying products and services to the oil and gas industry, for projects in Saudi Arabia. The EXP Al Suwaiket …

Sector Reports

1 April 2025 03:40 PM JINGDONG Logistics expands operations in MENA

Mubasher: JINGDONG Logistics, also known as JD Logistics, has expanded its presence in the Middle East with five warehouses and beyond in parts of North Africa, according to a press release. The Chinese supply chain management company established …

Companies Investments

31 March 2025 06:37 PM Mitsubishi Power to supply gas turbines for projects in Saudi Arabia

Riyadh – Mubasher: Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries (MHI), recently received two major supply orders for the Rumah-1 and Al-Nairyah-1 Independent Power Plant (IPP) projects in Saudi Arabia, according to a …

Companies Investments

5 March 2025 01:55 PM SEC achieves SAR 6.8bn net profit in 2024; board proposes 7% dividends

Riyadh – Mubasher: Saudi Electricity Company (SEC) registered net profits worth SAR 6.86 billion in 2024, according to the financial results. The amount marked a 33% decrease from SAR 10.24 billion in 2023 that resulted from the recognition of …

Financial Results

2 February 2025 08:26 PM SEC boosts capital structure after settling SAR 5.6bn obligations

Riyadh – Mubasher: The Saudi Electricity Company (SEC)is set to complete the necessary procedures to settle its SAR 5.68 billion obligations to the government, according to a bourse disclosure. The ministerial committee for the Restructuring of …

Companies Investments

7 January 2025 03:30 PM PIF’s Diriyah teams with SEC to foster power infrastructure

Riyadh – Mubasher: Diriyah Company, a unit of the Saudi Public Investment Fund (PIF), has opened two major electricity substations, operated by the Saudi Electricity Company (SEC). They are expected to accelerate the growth and development of …

Companies Investments

30 December 2024 10:06 PM MedGulf enters into health insurance contract with SEC

Riyadh – Mubasher: The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) has signed a contract with Saudi Electricity Company (SEC) to provide health insurance services for SEC employees and their dependents. The …

Companies Investments

15 December 2024 11:14 AM SEC obtains $3.6bn facility deal co-led by listed lenders

Riyadh – Mubasher: Saudi Electricity Company (SEC) penned a $3.60 billion (to SAR 13.50 billion) international syndicated credit facility agreement on 12 December 2024. The company will use the proceeds of the loan to finance general corporate …

Company News