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Sun, 22 Nov 2009 | 14:39 GMT

Saudi Electricity Company   (5110.SSE)
Also known as: SEC, SECO
Last Trade
11.05 SAR
+ 0.45%
 
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Company Updated: Apr 28, 2009
 
Country
Ownership Type
Company Type
 
 
 
Joint Stock
 
 
 
 
 
 Zawya Industry Classifications (ZIC)  
  
Sector Industry
Power and Utilities
Electric Utilities  
 
 
Principal Activities
Generation, transmission and distribution of electricity throughout the Kingdom of Saudi Arabia.
Date of Establishment
1999 (December)
No of Employees
28,300 (As of Apr 23, 2009)
Representative Offices
Abha
Dammam
Jeddah
 
 
Stock Market Listing
Exchange
Symbol
ID
Stock Type
Currency
 
5110 
Ordinary 
SAR 
 
 Key Officers
Mahmoud Bin Abdullah Al Taybe
Chairman
Ali Bin Saleh Al Barak
President and Chief Executive Officer
More Officers 
 
 Contact Details
Address:
Borj Al Faisaliyyah Building
Floor 22
King Fahed Road
P.O. Box 22955
Riyadh 11416
Saudi Arabia
 
Tel:
+966 1-461-9030
+966 1-461-9009
+966 1-405-3227
 
Fax:
+966 1-403-2222
 
Email:
informus@se.com.sa
 
Website:
www.se.com.sa

 
  Latest Headline
FEB launches "SaudiI Polysilicon" the first polysilicon production facility of it's kind and size in the region  - Press Release
 
  Sukuk Details
Sukuk Name: Saudi Electricity Company Sukuk
Type of Structure: Ijarah
Issue Size (mil): SAR  5,000.00
Oversubscription: 3 x
» View Sukuk Profile & Prices
 
  Business Overview
SEC was established in December 1999 as a result of consolidating all 10 regional electricity companies (SCECOs) and other electricity projects of the Saudi General Electricity Authority. In the kingdom, SEC has a monopoly to undertake electricity generation, transmission and distribution as well as exporting and importing energy, investing in power projects - in KSA and abroad - and conducting research and development (R&D).

The creation of SEC has opened the door to private sector construction of new power plants on BOO and BOT bases. In 2003, SEC supplied power to over 4 million customers from its installed capacity of over 28 GW that made it the second biggest electricity concern in the region after Iran's Tavanir.

To meet growing electricity demand, SEC projected that it will need to invest over SAR2.9 billion between the 2006-2010 period (SAR1.29 billion to generate 6,100 megawatts and SAR1.62 billion for 1,090 kilometers transmission lines).
 
 
  Industry Benchmarks  Yr 2007  Yr 2008  Change (%)
 
   Installed Capacity (MW) 32,603  37,000  13.49 
 
   Total Expected Capacity by 2010 (MW) 40,000  40,000  0.00 
 
   Number of Plants Under Control 65  70  7.69 
View latest report on Power 
 
 Major Shareholders
This Requires Subscription
 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities 
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Electricity Company for Sukuk Saudi Arabia 100.00%
Rabigh Electricity Company Saudi Arabia 100.00%
Water and Electricity Company Saudi Arabia 50.00%
Gulf Cooperation Council Interconnection Authority Saudi Arabia 40.00%
Al Shakeek Water and Electricity Company Saudi Arabia 20.00%
Ras Al Zuwar Water and Electricity Company Saudi Arabia 20.00%
Investments
 
Name  Country  Holding
Al Shuaiba Holding Company Saudi Arabia 8.00%
Al Shuqaiq water and Electricity Company Saudi Arabia 8.00%
Shuaibah Water and Electricity Company Saudi Arabia 8.00%
Al Jubail Water and Electricity Company Saudi Arabia 5.00%
Divisions
 
Name  Country  Holding
Aaraar Generation Station Saudi Arabia -
Al Dammam Transmission Plant Saudi Arabia -
Al Madina Generation Station Saudi Arabia -
Al Ola Generation Station Saudi Arabia -
Al Shuabiah Generation Station Saudi Arabia -
Aseer Generation Station Saudi Arabia -
Faras Power Plant Saudi Arabia -
Ghazlan Station Saudi Arabia -
Jazan Station Saudi Arabia -
Qurayyah Power Plant Saudi Arabia -
Rabigh Generation Station Saudi Arabia -
Rania Generation Station Saudi Arabia -
Riyadh Power Plant Saudi Arabia -
Tihama Central Station Saudi Arabia -
Umm Al Qora University Transmission Station Saudi Arabia -
Wadi Jalil Transmission Station Saudi Arabia -
Supervising Authority
 
Name  Country  Holding
Electricity and Cogeneration Regulatory Authority Saudi Arabia -
Developments and Projects
 
Name  Country  Holding
Qurayyah IPP Saudi Arabia -
Rabigh IPP Saudi Arabia -
Riyadh IPP Saudi Arabia -
 
 
  Representatives
Auditors
 
Deloitte Bakr Abulkhair and Company
 
Banks
Arab National Bank
Al Rajhi Bank
Banque Saudi Fransi
Riyad Bank
Samba Financial Group
National Commercial Bank
Law Firms
Muhannad Bin Saud Al Rasheed Law Firm
Baker Botts
 
 Summary Financials
This Requires Subscription
 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 

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