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Last SR16.15 SAR
Change Today -0.02 / -0.12%
Volume 1.5M
SECO On Other Exchanges
Saudi Arabia
As of 9:30 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

saudi electricity co (SECO) Snapshot

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Day High
Day Low
52 Week High
05/19/15 - SR21.00
52 Week Low
12/16/14 - SR13.80
Market Cap
Average Volume 10 Days
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Dividend Yield
Current Stock Chart for SAUDI ELECTRICITY CO (SECO)

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saudi electricity co (SECO) Details

Saudi Electricity Company engages in the generation, transmission, and distribution of electric power in the Kingdom of Saudi Arabia. It generates electricity primarily through gas, steam, combined cycle, and diesel units. The company has a total power generating capacity of approximately 65,506 megawatts. It owns and operates 755 power transmission substations; and 2,307 transformers with a total capacity of 230,908 MVA. The company also offers electricity distribution services; issues, distributes, and collects electric consumption bills; establishes, leases, manages, and operates fiber optic networks for providing telecommunications services; and offers services and support needed in relation to local bonds and sukuk. It 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.

Founded in 2000

saudi electricity co (SECO) Top Compensated Officers

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Executives, Board Directors

saudi electricity co (SECO) Key Developments

Saudi S Sadara Signs $3.77 Billion Power Deal with Saudi Electricity Company

Sadara Chemical Company signed a $3.77 billion deal with Saudi Electricity Company to supply electric power to its chemicals complex in Jubail Industrial City. The agreement signed has a 20 year renewable term.

Saudi Electricity Company and The National Shipping Company of Saudi Arabia Inks Deal for Transporting Equipment Spare Parts

Saudi Electricity Company (SEC) and The National Shipping Company of Saudi Arabia (Bahri) have signed a memorandum of understanding. The five-year agreement envisages that Bahri will transfer all the equipment tools spare parts and products imported from outside by SEC. This is aimed at supporting strategic resettlement of projects for electrical industries and exchange of experiences between the two sides to provide appropriate work environment. This in turn is expected to contribute to the successful implementation of government plans to promote domestic industries in light of the overall economic boom in the Kingdom at all levels in recent years. According to the MoU which was signed at SEC headquarters a joint working group comprising a number of specialists and experts from the two companies will be formed to study the ever strengthening and organizing cooperation between them and to put in plans needed to implement the strategies of SEC and Bahri in the resettlement of electrical industries. Integrated logistics services for the marine land and air transportation will be provided as stipulated in the MoU. SEC will nominate Bahri to offer its services to those who deal with suppliers and contractors from internally and externally in accordance with the high reliability of Bahri. SEC revealed in May its strategy to localize electrical industries in the Kingdom through three major initiatives based on stimulating local contractors and manufacturers and highlight investment opportunities in the promotion of spare parts and materials industries locally. Bahri represents the vital and important role in contributing to the growth of Saudi shipping industry and linking it to many important global markets with its fleet of ships and giant tankers that move across the seas of the world as well as ownership of the network of multiple branches and subsidiaries and many agents around the world. This in turn makes it easy to link the Saudi economy with the most important economies and global markets through several strategic business sectors represented in oil transport gas and marine chemicals transport general cargo bulk cargo transport and ship management. The company indicated that identifying investment opportunities in the localization of materials and marketing industry and presenting these sectors to the investors will encourage the establishment of local factories to import global technical experiments. It will also help attract and train qualified nationals and raise the local content rate among local manufacturers by using local materials and products (raw) thus leading to the establishment of research centers to transfer and develop technology.

Saudi Electricity Company and King Abdulaziz City for Science and Technology Launch First Solar Power Project at Schools

Saudi Electricity Company announced that as part of a plan to expand alternative energy projects in the Kingdom, the company and King Abdulaziz City for Science and Technology kicked off the first project by installing solar panels at two schools in Riyadh.


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Price/Earnings 75.3x
Price/Sales 1.7x
Price/Book 1.1x
Price/Cash Flow 4.4x
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