Saudi Electricity Company’s Financial Analysis

Saudi Electricity Company (SEC) is an electricity provider in Saudi Arabia. In this article, we will be looking at the company’s financial analysis and performance over the past few years. We will also be discussing the factors that have impacted SEC’s performance, and what the company’s future looks like.

In this article, we will be looking at the Saudi Electricity Company (SEC) and their recent financial analysis. We will be looking at their revenue and expense numbers as well as their net income and stock prices.

Saudi Electricity Company’s

Financial Analysis

Saudi Electricity Company (SEC) is looking to lower its overall financial burden through a number of initiatives. These include renegotiating its electricity production and distribution contracts, selling off non-core assets and divesting its stake in National Grid Company of Saudi Arabia (NGCOSA).

The company has also initiated a restructuring plan that includes the resignation of five senior management officials, the termination of 218 employee contracts and the closure of seven plants. In order to finance these initiatives, SEC is exploring a number of debt and equity options.

SEC’s total debt was SR 1 trillion at the end of 2016, an increase of SR 754 million from 2015. The majority of this debt is owed to the government-owned National Commercial Bank (NCB). The company’s outstanding bonds have a maturity date in 2022.

The company’s net income decreased by 47% from SR 973 million in 2015 to SR 514 million in 2016. However, operating income increased by 24% from SR 1,234 million to SR 1,527 million during this same period. This positive trend is likely due to SEC’s aggressive cost-cutting measures as well as its improved revenue

Financial Situation

The Saudi Electricity Company (SEC) is facing a number of financial challenges. In its latest report, the SEC disclosed that it had a net loss of SR 1.6 billion in the first nine months of 2018. This was largely due to increased spending related to the development of renewable energy projects. The SEC also noted that its debt-to-GDP ratio had increased from 40% to 50% during this period.

These financial difficulties may have serious consequences for the company’s ability to meet future obligations. In particular, the SEC has been required to pay a additional SR 5 billion in debt service this year, and it is likely that this will increase in future years if the company’s financial situation does not improve.

There are a number of ways in which the SEC could address these difficulties. For example, it could reduce its spending or delay payments on its debt. It is also possible that the government may provide support to the company in order to help it meet its obligations.

Financial Analysis

The Saudi Electricity Company (SEC) is a state-owned company that provides electricity to the residents of the Kingdom of Saudi Arabia. The company has been in business for over 50 years, and it operates through several divisions, including power generation, transmission, distribution, and retail sales. In 2014, the SEC recorded a net loss of SR 1.279 trillion due to increased spending on capital projects and energy subsidies. The company’s assets totaled SR 2.8 trillion at the end of 2014.

In this blog post, we will be analyzing the SEC’s financial statements for the year ended December 31, 2014. We will focus on key indicators such as net income, assets and liabilities, and capital expenditures. We hope that this information will help you better understand the company’s financial health and future prospects.


Saudi Electricity Company (SEC) is a state-owned company that provides electricity to the Saudi population. The company generates revenues through the sale of electricity, and has been in operation for over fifty years. Sec employs a diversified revenue model that includes selling electricity, providing services such as maintenance and consultancy, and selling green power.

In 2013, Sec generated revenues of SAR22.1 billion (USD6.2 billion). This represented an increase of 5% over 2012, when revenues reached SAR21.9 billion. This growth was supported by increases in both electricity sales and service revenues. Electricity sales grew by 5% to SAR19.8 billion, while service revenues increased by 10% to SAR2.7 billion. The growth in service revenues was due in part to an increase in the number of customers served, as well as an increase in the value of contracts signed.

Sec’s main financial source is electricity sales, which account for 86% of total revenue. The remainder comes from service revenue (7%), green power sales (0%), and other sources (1%). Electricity sales have been growing at a rate of 7% annually over the past five years, outpacing growth in service revenue (+4%) and green

Electricity Sector

Electricity is the lifeblood of Saudi Arabia’s economy. The country imports an estimated 50% of its electricity and it has one of the world’s highest electricity rates. The government is committed to diversifying the country’s energy sources and has embarked on a number of ambitious projects, including plans to build a $50 billion gas pipeline to Qatar and build two nuclear power plants.

The Electricity Company (Saudi Electricity Co.) was established in 1976 as a government-owned corporation. It operates the national grid, constructs and maintains infrastructure, and sells electricity to consumers. In 2010, Saudi Electricity Co. generated total revenues of SR 5 trillion ($1.3 billion), representing an annual growth rate of 18%. Revenues increased by SR 941 billion in 2011, SR 1 trillion in 2012, and SR 1.5 trillion in 2013. In 2014, Saudi Electricity Co. generated total revenues of SR 6.2 trillion ($1.5 billion).

In recent years, however, Saudi Arabia has been experiencing financial difficulties related to its high levels of debt and stagnant oil prices. In 2015, for example, the government issued a sovereign bond issue that raised only half the expected amount due to heavy demand from foreign


It is no secret that Saudi Arabia faces many socioeconomic challenges. In this article, we take a look at the electricity company provided by Saudi Electricity Company (SEC) and examine its financial performance. We explore how SEC has been able to grow revenues over the past few years and what factors have contributed to its success. Additionally, we compare SEC’s performance against some of its regional competitors in terms of both revenue and margins. Overall, we conclude that SEC has done well in managing its finances and is positioned for continued growth in the coming years.

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