The company's board announces a dividend of $775 million.

RIYADH, SAUDI ARABIA - The Saudi Electricity Company (SEC) and its subsidiary National Electricity Transmission (NET) have signed here two agreements with Emaar, The Economic City (EEC) which is the main developer of King Abdullah Economic City (KAEC). The agreement was signed in the presence of Saudi Arabia Minister of...

Dubai, UAE - The Saudi Electricity Company (SEC), the largest producer, transmitter, and distributor of electrical energy in the Middle East and North Africa, announced on Tuesday that it seeks to reach net zero emissions by 2050 in line with the Saudi Arabia’s target to reach carbon neutrality by 2060...

The agreements signed with SPPC are valued at $3.9 billion.

PIF, SEC JV's brand name for EV infrastructure is EVIQ.

The company attributes the growth to surge in demand.

Riyadh, Saudi Arabia -- The Saudi Electricity Company (SEC) announced today signing a $3 billion (SAR 11.25 billion) international syndicated facility agreement with four leading banks in the region. The agreement was signed amid Riyadh's prominent global economic event, the Future Investment Initiative. The financing agreement has a tenure of...

PIF will own 75% in the Electric Vehicle Infrastructure Company.

The firm announced 10-year and 30-year tranches.

The Saudi utility company will pay $774m cash dividend.

The Saudi utility firm's sales however surged to $8.80bn.

The money will be used to fund Egypt interconnection project.

The Saudi Electricity Co. has posted a 375 percent increase in net profit to $3.84 billion in 2021, according to a bourse filing.

The company appointed vice president as its new head until further notice after Al Sudairi quit citing personal reasons