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Saudi Electricity Company (SEC) is a joint stock company with a monopoly on the generation, transmission and distribution of electric power in Saudi Arabia. SEC owns and operates 45 power generation plants in the country. It was formed in 2000 as a joint stock company with a paid up capital of more than SR 41 billion, when the Council of ministers merged Saudi electricity companies that were working in central, eastern, western and southern regions along with 10 other companies working in the northern region. General Electricity Corporation was also merged into this new entity. In 2002, the company underwent restructuring after which specialized business units were launched, namely Generation, Transmission &Distribution, Customer Services, Shared Business and Support Services. National Grid SA is a limited liability company, working under SEC and is tasked with electricity transmission in the kingdom. Energy trading and new ventures business lines were launched in 2014. SEC has expanded its business activities and revenue streams by launching specialized companies like Dawiyat working in fiber optics and electric networks communication. Electricity Sukuk Company provides services and support for local bonds. Saudi ElectricityGlobal Sukuk Company issues international bonds and Sukuk (Islamic bonds). Lastly, The Green Saudi Company for Carbon Devices develops and manages carbon emission reduction, corresponding systems and CDM projects. SEC has 6 different Research and Development centers working in different categories and fields to enhance the performance and profitability of the company. Their focus ranges from smart grid stations to digital simulation and from fuel efficiency to renewable energy.
Abdulaziz F. Al-Khayyal
Abdulkareem A. Al Ghamdi
Abdulmalik A. Al Hoqail
Issam A. Al Bayat
Raed N. Al Rayes
Rashid I. Shareef
Ernst & Young
Saudi Electricity Co (SEC), the Gulf’s largest utility firm, reported a 17.3 per cent drop in second-quarter ...Read More ...
Saudi Electricity Company (SEC) and GE, in a statement, have stressed on the importance of their long-standing ...Read More ...
Saudi Electricity Co has recently discussed with a group of international banks its plan to issue ...Read More ...
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