Founded on April 5, 2000 and headquartered in Riyadh, Saudi Arabia, Saudi Electricity Company (SEC) is the Saudi electric energy company that enjoys a near monopoly on the generation, transmission and distribution of electric power in Saudi Arabia through 45 power generation plants in the country. It is the main producer of electricity, and the sole owner of the transmission and distribution network across the Kingdom.
The company employs 32,000 employees and reported revenue of SAR 75.33 billion in 2024. Subsidiaries include National Grid SA, Hajr Electricity Production Company, Dawiyat Telecom and Saudi Electricity Global Sukuk Company. The company is 81.24% owned by the government, both directly (74.31%) and through Saudi Aramco (6.93%).
In February 2026, the Saudi Electricity Company officially rebranded as Saudi Energy (SE), a change intended to reflect the company's growing role within the Kingdom's broader energy sector.
Facts compiled by Executive Moves from publicly available news and press releases on 16 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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