Saudi Electricity Co (5110)

Riyadh – Mubasher: WESCOA and Saudi Transformers Company, a subsidiary of Electrical Industries Company (EIC), penned agreements valued at SAR 158 million with Saudi Electricity Company (SEC). The subsidiary will supply electrical equipment to SEC …

Riyadh – Mubasher: Saudi Electricity Company (SEC) reported a 32.28% year-on-year (YoY) drop in consolidated net profit after tax to SAR 10.24 billion in 2023 from SAR 15.13 billion a year earlier. The company’s revenues grew 4.51% YoY to SAR …

Riyadh – Mubasher: Moody's Investors Service has affirmed the 'A1' ratings of Saudi Basic Industries Corporation (SABIC), Saudi Telecom Company (stc) and Saudi Electricity Company (SEC), and the 'Baa1' rating of Saudi Arabian Mining Company …

Riyadh – Mubasher: Saudi Electricity Company (SEC) has named Najem Abduallah Alzaid as the Chairman of the board for four years. Raed Naser Alrayes was announced as the Deputy Chairman, according to a bourse filing. The two officials assumed their …

Riyadh – Mubasher: Rawasi Albina Investment Company has won a project award with Saudi Electricity Company on 11 December 2023, according to a bourse filing. The total value of the project stands at SAR 22.98 million, including the value-added tax …

Riyadh – Mubasher: Keir International Company was awarded a contract worth SAR 34.13 million by Saudi Electricity Company (SEC) earlier in November 2023 to implement a project in a Riyadh-based station. The deal, which was expected to be signed on …

Riyadh – Mubasher: Keir International Company received an award letter from Saudi Electricity Company (SEC) at a value of SAR 26.43 million, according to a bourse filing. The two entities will join forces to implement a high-voltage Inter-tie …

Riyadh – Mubasher: The net profits after Zakat and tax of Saudi Electricity Company (SEC) plummeted by 22.80% year-on-year (YoY) to SAR 10.34 billion in the first nine months (9M) of 2023, versus SAR 13.39 billion. SEC recorded 2.18% higher …

Riyadh – Mubasher: Saudi Electricity Company(SEC) inked a USD-denominated international syndicated facility agreement at a total value of $3 billion, equivalent to SAR 11.25 billion, during the proceedings of the global economic event, the Future …

Riyadh – Mubasher: Saudi Electricity Company (SEC) has revealed investment plans until 2030 in line with its participation as a strategic partner in the seventh edition of the Future Investment Initiative (FII) event being hosted in Riyadh on …

Riyadh – Mubasher: A group of 23 strategic partners are supporting the programmes and mission of the Future Investment Initiative (FII) conference in its seventh edition that launched in Riyadh on 24 October 2023, according to a press release. …

Riyadh – Mubasher: Saudi Electricity Company(SEC) penned an agreement with the Public Investment Fund (PIF)to acquire a 25% stake in the Electric Vehicle Infrastructure Company at a value of SAR 254 million. The transaction will be funded through …

Riyadh – Mubasher: Alkhaleej Training and Education Company inked a SAR 149.41 million contract with Saudi Electricity Company (SEC) on 1 October 2023. Under the agreement, Alkhaleej Training will operate call centres for the subscriber services …

Riyadh – Mubasher: Saudi Electricity Company(SEC) recorded an annual drop of 35.94% in net profit after Zakat and tax to SAR 4.49 billion during the first half (H1) of 2023, compared to SAR 7.02 billion. Revenues went up by 0.50% year-on-year …

Riyadh – Mubasher: Keir International Company inked two agreements with Saudi Electricity Company (SEC) at a combined value of SAR 165.94 million, according to bourse discourses. The first deal covers the extension of high-voltage underground …

Riyadh – Mubasher: Saudi Electricity Company(SEC) registered SAR 480 million in net profit after Zakat and tax during the first quarter (Q1) of 2023, an annual drop of 68.36% from SAR 1.51 billion. Revenues stood at SAR 13.37 billion in Q1-23, …

Riyadh – Mubasher: Saudi Electricity Company (SEC) achieved an annual increase of 5.17% in net profit after Zakat and tax to SAR 15.13 billion during 2022, compared to SAR 14.39 billion. The earnings per share rose to SAR 1.79 in 2022 from SAR …

Riyadh – Mubasher: Saudi Electricity Company (SEC) posted a 10.08% decline in net profit after Zakat and tax to SAR 13.39 billion during the first nine months (9M) of 2022, versus SAR 14.89 billion in 9M-21. The Saudi firm generated revenues worth …

Riyadh – Mubasher: National Environmental Recycling Company (Tadweer) announced the award of a contract with Saudi Electricity Company (SEC) at a value worth SAR 20.49 million. The project, which was awarded on 5 October 2022, covers the recycling …

Riyadh – Mubasher: Saudi Electricity Company (SEC) has generated net profits after Zakat and tax worth SAR 7.02 billion in the first half (H1) of 2022, lower by 6.61% than SAR 7.51 billion in H1-21. Revenues went up by 3.14% year-on-year (YoY) to …

Riyadh – Mubasher: Saudi Electricity Company (SEC) penned a facility agreement with Standard Chartered Bank and Sumitomo Mitsui Banking Corporation for $567.50 million. The 14-year loan will be used to partially finance the Saudi - Egypt …

Riyadh – Mubasher: The Saudi Exchange (Tadawul) will launch Single Stock Futures (SSFs) contracts on 4 July this year to enable the expansion of its Derivatives Market and products. The first tranche of the SSFs will be based on 10 listed …

Riyadh – Mubasher: Saudi Electricity Company (SEC) has appointed Khalid Hamad Algnoon as the new CEO of the company. Algnoon officially assumed his position on 20 June this year, according to a recent bourse filing. Moreover, the new CEO holds a …

Riyadh – Mubasher: Saudi Electricity Company (SEC) has achieved net profits after Zakat and tax worth SAR 1.51 billion in the January-March 2022 period, an annual decline of 10.18% from SAR 1.68 billion. The company’s revenues grew by 1.37% to SAR …

Riyadh – Mubasher: Saudi Electricity Company (SEC) intends to fully redeem its local Islamic Sukuk at a value of SAR 5.73 billion on 10 May this year. A total of 573,069 Sukuk notes, which had been issued on 10 May 2010, will be redeemed at a par …