Sunday, 23 November 2008 | 19:18 UAE time
COMPANIES
Saudi Electricity Company
- 8.85 Last
- -0.25 (-2.75%) Today's Change
- 2.66m Volume
- 9.05-16.75 52 Week Range
- -5.15 (-36.79%) 52 Week Change
COMPANY DESCRIPTION
Saudi Electricity Company, the Kingdom's utility giant, is the result of an amalgamation of 10 regional electricity companies in Saudi Arabia eight years ago.SECO currently has a monopoly when it comes to the generation, transmission and distribution of electricity, and is active in investing in energy projects abroad.
The firm has diversified its portfolio by looking into joint ventures on projects such as the Shoaiba project which is comprised of a water desalination plant and an electric plant, which aims to be the largest dual co-production project in the world in terms of financial funding.
KEY INFORMATION
Industry
Electricity Supply
Address
Floor 22, Burj Al Faisaliyyah Building, King Fahd Road, 22955, Riyadh, Saudi Arabia
T
966 1 4053227
F
966 1 4069015
E
-
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 5 Apr 2000 | - |
MAJOR SHAREHOLDERS
| Name | Country |
|---|---|
| Government of Saudi Arabia | Saudi Arabia |
| Public Pension Agency | Saudi Arabia |
| Saudi Arabian Oil Company | Saudi Arabia |
PORTFOLIO
| Name | Country |
|---|---|
| Al Shakeek Water & Electricity Company | Saudi Arabia |
| GCC Interconnection Authority | Saudi Arabia |
| Water & Electricity Company | Saudi Arabia |
| Shuaibah Water & Electricity Company | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Mahmoud Abdullah Taiba | Chairman |
| Saleh Hussain Alowaji | Board Member |
| Ali Saleh Al Sugair | Board Member |
| Abdullah M. Basodan | Board Member |
| Sulaiman A. Al Qadhi | Board Member |
| Issa M. Al Issa | Board Member |
| Khalid A. Al Sabti | Board Member |
| Issam A. Al Bayat | Board Member |
| MANAGEMENT | Position |
| Youssef Suleiman Balghunaim | Executive Vice President - Generation |
| Saleh Al Onaizat | Executive Vice President - Transmission |
| Ali Al Ayed | Executive Vice President - Finance |
| Fouad J. Al Shuraibi | Senior Vice President - Western Area Operations |
| Saad Al Shaarani | Senior Vice President - Middle Area Operations |
| Ahmad Al Dubaikhy | Senior Vice President - Eastern Area Operations |
| Mansour Abdulrahman Al Qahtani | Senior Vice President - Southern Area Operations |
| Fahd K. Al Hajry | Senior Vice President - General Services |
| Mohammed Al Jufairy | Senior Vice President - Planning & Programming |
| Saud Bin Mohammed Al Shimmri | Senior Vice President - Human Resources |
| Abdulsalam Abdulaziz Al Yemni | Senior Vice President - Public Affairs & Shareholder Relations |
| Idris Ahmad Teiri | Senior Vice President - General Auditing |
| Mutlaq Bin Mohammed Al Mutlaq | Senior Vice President - Legal Affairs |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Head of Consumer Lending, Qatar, Qatar
- Finance Manager, UAE, UAE
- Financial Controller, Dubai, UAE
- Senior Accountant, Dubai, UAE
- Senior Equity Trader, Abu Dhabi, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
All markets data located on
ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only.
Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate
Selected data supplied by Reuters Limited. Click for Restrictions.