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As the powerhouse behind Saudi Arabia’s electrification, the Saudi Arabia Electricity Company (SEC) holds a distinguished status as the leading generator and distributor of electricity.
Indirectly under the ownership of the Government of Saudi Arabia, SEC’s major shareholders are the esteemed Public Investment Fund (PIF), holding a substantial 74.3% stake, and the renowned Saudi Aramco with a 6.9% share.
This solidifies SEC’s commitment to fulfilling the energy needs of the Kingdom.
Saudi Electric Company
Saudi Electricity Company (SEC) is the main provider of electricity in Saudi Arabia. It supplies most of the electric power in the country and manages 45 power plants.
SEC is a major company, recognized internationally. Forbes ranked it as the 5th largest company in Saudi Arabia and the 578th largest in the world, with annual earnings of $17.1 billion.
The company was created when the Saudi government merged regional electricity companies into one. The government owns 81.24% of SEC, with 74.31% directly and 6.93% through Saudi Aramco.
SEC plans to grow its power capacity from 60 GW to 91 GW to meet increasing demand. It also aims for even more growth in the future.
In 2015, SEC partnered with Taqnia Energy and King Abdulaziz City for Science and Technology to build Saudi Arabia’s first solar power station.
The company faces challenges, like changing profits. In the second quarter of 2022, SEC’s net profit was SAR5.5 million, a 5.6% drop from the previous year. In the first half of 2023, profits fell by 6.6% to SAR7 million.
Despite these challenges, SEC remains committed to providing reliable electricity to homes and businesses in Saudi Arabia.
Read also about SP Services Singapore
Saudi Arabia Electricity Company Information
Saudi Electricity Company (SEC) is a major player in the electric utilities sector in the Kingdom of Saudi Arabia. Here are some key details about SEC:
- Type: Public Company
- Stock Exchange Listing: SEC’s shares are traded on Tadawul with the ticker symbol 5110.
- ISIN: The International Securities Identification Number for SEC is SA0007879550.
- Industry: Electric Utilities
- Established: SEC was founded on May 3, 2000.
- Corporate Headquarters: The company is headquartered in Al Aridh, Riyadh, Saudi Arabia.
Key Leadership
- Chairman: Dr. Khaled bin Saleh Al Sultan
- Acting CEO: Khalid Bin Hamad Al-Ghonon
History of the Saudi Electrical Company
The Saudi Electricity Company (SEC) was established on April 5, 2000, marking a significant milestone in Saudi Arabia’s energy sector. SEC aimed to unify various regional networks to enhance national energy production and planning.
Quickly evolving into a comprehensive energy provider, SEC improved power efficiency, reliability, and attracted vital investments. In 2002, a new organizational structure was adopted to further boost performance and strategic planning.
In early 2012, SEC founded the National Electricity Transmission Company to manage the Kingdom’s electricity transmission systems.
By March 2014, SEC had introduced a structure for energy trade and partnerships, strengthening collaboration with energy producers and consumers.
Today, SEC is the largest electric power company in the Middle East and North Africa, with a capital of 41.665 billion Saudi Riyal (SAR).
Supported by the Saudi government and guided by Prince Abdulaziz bin Salman, SEC remains committed to digital transformation and the Kingdom’s vision for the future.
Saudi Electricity Company Services
The Saudi Electricity Company (SEC) offers a range of services to make electricity management easy and convenient for its customers, focusing on both energy provision and safety.
Electricity Service Connection
SEC simplifies connecting your facility to the electrical grid. Whether you need a new meter or a temporary meter for construction or events, SEC ensures a hassle-free process.
Electricity Management
SEC makes managing your electricity needs simple.
You can add new meters, relocate existing ones, remove unnecessary installations, segment your consumption, and upgrade your meter—all within a unified account for maximum efficiency.
Billing and Consumption
SEC provides transparent billing and consumption information.
You can understand your consumption patterns, calculate costs, and interpret your bill easily. Additionally, you can explore subscription and cancellation options for fixed billing.
Account Management
Managing your account is easy with SEC. You can identify your account, manage beneficiaries, add or remove them from the meter, and request ownership transfers to new beneficiaries seamlessly.
Prioritizing Your Safety
Your safety is SEC’s top priority. The company offers a quick and efficient platform to report any electrical service-related dangers.
Ensuring the safety of electrical networks around working areas is essential, protecting lives that depend on continuous electricity flow.
Saudi Electricity Company Contact Information
The Saudi Electricity Company (SEC) prioritizes seamless communication with its customers. Whether you have inquiries, complaints, objections, or need to report an emergency, SEC provides several ways to connect:
- Electricity Application (ALKAHRABA): Use the ALKAHRABA app to conveniently submit complaints, objections, or notes regarding SEC’s services.
- Subscriber Service Center: For personalized assistance and quick responses, call the dedicated service center at 920 001 100.
- Website: Visit SEC’s Official Website to access information and submit inquiries.
- Emergency Contact: In case of electrical emergencies, call 933 immediately.
- Email: For specific inquiries and support, email SEC at [email protected]
FAQs About Saudi Arabia Electricity Company
Navigating the services and intricacies of the Saudi Electricity Company (SEC) may raise questions. To provide clarity and assistance, here are some frequently asked questions (FAQs) related to SEC’s operations and services:
How can I report a power outage or electrical emergency to SEC?
In the event of a power outage or electrical emergency, you can swiftly contact SEC by dialing 933.
What is the primary contact number for general inquiries and customer support at SEC?
For general inquiries and customer support, you can reach SEC’s service center at 920 001 100.
How can I submit a complaint, objection, or note to the SEC regarding their services?
SEC offers multiple channels for submitting complaints, objections, or notes.
You can use the electricity application (ALKAHRABA), contact the subscriber service center at 920 001 100, visit the SEC website, or engage with them through their subscriber care account on Twitter.
Last Words About Saudi Arabia Electric Company
In the Kingdom of Saudi Arabia, the Saudi Electricity Company (SEC) illuminates a path to progress and prosperity.
As a cornerstone of the nation’s energy landscape, SEC ensures a reliable and uninterrupted power supply to homes, industries, and businesses.
With a commitment to service excellence, safety, and accessibility, SEC stands as a vital force in powering the Kingdom’s growth.
