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Last SR19.40 SAR
Change Today +0.13 / 0.67%
Volume 2.7M
As of 9:30 AM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

saudi electricity co (SECO) Snapshot

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52 Week High
03/10/15 - SR19.90
52 Week Low
12/16/14 - SR13.80
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Average Volume 10 Days
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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.

Founded in 2000

saudi electricity co (SECO) Top Compensated Officers

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saudi electricity co (SECO) Key Developments

Saudi Electricity Company and GE Sign Memorandum of Understanding to Form Joint Venture to Provide Operational Support for Power Plants to Enhance Efficiency

Saudi Electricity Company and GE have signed a Memorandum of Understanding (MoU) to set up a joint venture that will extend operations and maintenance (O&M) support to SEC's power plants in the Kingdom. GE will extend its advanced technologies and train SEC staff to undertake the O&M services. Expected to be operational later the year 2015, the center will undertake the O&M services for a number of power plants of SEC across the Kingdom, which will be identified shortly. Through the joint venture, GE will share its deep expertise in power plant maintenance and operations to Saudi professionals thus building a local talent pool of professionals.

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.


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Valuation SECO Industry Range
Price/Earnings 30.9x
Price/Sales 2.1x
Price/Book 1.4x
Price/Cash Flow 6.1x
TEV/Sales 1.0x

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