Saudi Electricity Co (5110)

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News

4 August 11:57 AM Saudi Energy’s profits jump 7.5% in H1-26; revenues hit SAR 52.2bn

Riyadh - Mubasher: Saudi Energy Company logged net profits amounting to SAR 6.72 billion for the first half of 2026, representing a 7.53% increase compared to the SAR 6.25 billion in H1-25. The utility provider attributed the growth to a rise in …

Financial Results

28 July 09:49 AM Saudi Energy secures SAR 15.8bn funding from consortium of listed banks

Riyadh - Mubasher: Saudi Energy Company has secured a Sharia-compliant Murabaha financing facility totaling SAR 15.80 billion on 27 July 2026. The agreement involves a consortium of seven major Saudi financial institutions, including Saudi …

Company News

6 July 06:14 PM Anmat discloses follow-up announcement about 1st order from Saudi Energy

Riyadh – Mubasher: Anmat Technology for Trading Company clarified in a follow-up regulatory filing that the first purchase order from the Saudi Energy Company was received on 22 June 2026. This disclosure serves as a supplement to a previous …

Companies Investments

29 June 12:59 PM Rawasi Albina announces new contract with Saudi Energy

Riyadh – Mubasher: Rawasi Albina Investment Company has announced the awarding of a major infrastructure project by the Saudi Energy Company at a total value of SAR 36 million excluding value-added tax (VAT), according to a bourse filing. The …

Company News

23 June 10:19 AM Anmat receives 1st purchase order under deal with Saudi Energy

Riyadh - Mubasher: Anmat Technology Company has received the first purchase order under its SAR 314.50 million contract with Saudi Energy Company, with the order valued at SAR 48.40 million. The purchase order marks the first execution phase of …

Company News

22 June 04:36 PM Rawasi Albina wins SAR 54m infrastructure project by Saudi Energy

Riyadh – Mubasher: Rawasi Albina Investment Company has officially announced the awarding of a significant infrastructure project by Saudi Energy Company, valued at approximately SAR 53.99 million. The contract, which excludes value-added tax, …

Company News

16 June 11:08 AM Anmat finalizes SAR 314.5m agreement with Saudi Energy

Riyadh - Mubasher: Anmaat Technology Company has finalized its SAR 314.50 million deal with Saudi Energy Company for the modernization and expansion of end-user computing hardware. The agreement, signed on 15 June, follows a previous project award …

Companies Investments

2 June 11:54 AM Anmat Technology rolls out SAR 314.5m project award with Saudi Energy

Riyadh - Mubasher: Anmaat Technology Company announced a contract award with Saudi Energy Company for the End User Device Replacement and Expansion Project, according to a bourse disclosure. Valued at SAR 314.50 million, the project award further …

Companies Investments

6 May 05:39 PM 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 …

Global Economy

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 …

Cash Dividends

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 …

Banking and Finance

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 …

Corporate Actions

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