Last SR15.25 SAR
Change Today +0.25 / 1.67%
Volume 2.4M
SECO On Other Exchanges
Symbol
Exchange
Saudi Arabia
As of 8:30 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

saudi electricity co (SECO) Snapshot

Open
SR15.05
Previous Close
SR15.00
Day High
SR15.40
Day Low
SR15.05
52 Week High
09/7/14 - SR18.40
52 Week Low
12/16/14 - SR13.80
Market Cap
63.5B
Average Volume 10 Days
2.5M
EPS TTM
SR0.87
Shares Outstanding
4.2B
EX-Date
04/16/14
P/E TM
17.5x
Dividend
SR0.70
Dividend Yield
4.59%
Current Stock Chart for SAUDI ELECTRICITY CO (SECO)

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saudi electricity co (SECO) Details

Saudi Electricity Company is engaged in the generation, transmission, and distribution of electric power in the Kingdom of Saudi Arabia. It generates electricity through diesel, combined cycle, gas, and steam. The company has a total power generating capacity of approximately 58,462 MW. It owns and operates 699 ultra high voltage transmission substations and 1,982 transformers with a total capacity of 203,006 MVA. Saudi Electricity Company also establishes, leases, manages, and operates fiber optic networks for providing telecommunications services. The company serves governmental, industrial, agricultural, commercial, and residential consumers in the Kingdom of Saudi Arabia. Saudi Electricity Company was founded in 2000 and is based in Riyadh, the Kingdom of Saudi Arabia.

31,661 Employees
Last Reported Date: 02/24/14
Founded in 2000

saudi electricity co (SECO) Top Compensated Officers

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Executives, Board Directors

saudi electricity co (SECO) Key Developments

Saudi Electricity Company Signs Agreement with GE for its Project

Saudi Electricity Company announced that it has signed an agreement with GE for its project, the Green Duba Integrated Solar Combined Cycle Plant, with a capacity to generate the equivalent power needed to supply approximately 600.000 homes for a year in the kingdom. The project, which will be built in the north-western part of Saudi Arabia, is designed to generate up to 550 megawatts (MW) from the combined cycle plant, while the solar field is expected to supply steam for an additional 50 MW.

Qatar Is Considering Investment In Hinkley Point Nuclear Plant

Qatar's energy minister has said the gas-rich Persian Gulf sheikhdom would consider investing in the £25 billion Hinkley Point nuclear project in Somerset. Speaking to The Telegraph, Mohammed bin Saleh Al-Sada said, "We are looking at making further energy investments in Europe and the UK" adding that backing the construction of Britain's first atomic plant in over 25 years was one of the options under review. News of the potential investment in the project from Qatar comes as the consortium behind the project led by EDF Energy Plc and Areva S.A. (ENXTPA:AREVA) seek additional funding from investors. EDF has said it also plans to sell a combined stake of between 30% and 40% to China General Nuclear Corporation and China General Nuclear Power Corporation, and would also sell up to 15% to other parties. Saudi Electricity Company (SASE:5110) has been identified as one of the parties that may seek to take a 10% stake in the venture amid difficult negotiations with potential Chinese investors.

Saudi Electricity In Talks To Acquire Hinkley Point C

Saudi Electricity Company (SASE:5110) is in talks with Electricité de France S.A. (ENXTPA:EDF) to acquire a stake in Hinkley Point C. The negotiations could result in a deal giving Saudi Electric a stake of 10% to 15% in the venture, industry sources said. “State aid means the deal is solid, robust and approved. A number of people are looking at it,” said one industry figure. EDF declined to comment.

 

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