Saudi Electricity Company SJSC
SAU:5110
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| 52 Week Range |
16.14
20.42
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Saudi Electricity Company SJSC
Saudi Electricity Company SJSC
Other Current Liabilities
Saudi Electricity Company SJSC
Other Current Liabilities Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Other Current Liabilities | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
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Saudi Electricity Company SJSC
SAU:5110
|
Other Current Liabilities
ď·Ľ10.4B
|
CAGR 3-Years
-16%
|
CAGR 5-Years
-12%
|
CAGR 10-Years
N/A
|
|
Saudi Electricity Company SJSC
Glance View
The Saudi Electricity Company SJSC (SEC) stands as a cornerstone of the Kingdom of Saudi Arabia's rapidly evolving energy landscape. Established in 1999, it is the largest utility company in the Middle East, serving millions of customers with its robust electricity generation and distribution network. With a generation capacity exceeding 80,000 megawatts, SEC plays a pivotal role in powering the country’s ambitious Vision 2030 initiative, which aims to diversify the economy and reduce dependence on oil. The company not only generates electricity through diverse sources, including natural gas, oil, and renewables, but has also embarked on a transformation journey towards sustainable energy solutions, contributing to global efforts to combat climate change. For investors, SEC represents both stability and growth potential within the energy sector. The company operates under a regulated framework, which provides a degree of protection from market volatility while ensuring predictable returns. Additionally, SEC is actively investing in infrastructure upgrades, smart grid technology, and renewable energy projects, aligning its strategy with the Saudis' long-term goals for a sustainable, energy-efficient future. With its solid financial performance, ongoing modernization efforts, and strategic positioning within a country poised for economic diversification, SEC offers a unique opportunity for investors seeking to capitalize on the burgeoning energy market in Saudi Arabia.
See Also
What is Saudi Electricity Company SJSC's Other Current Liabilities?
Other Current Liabilities
10.4B
SAR
Based on the financial report for Jun 30, 2024, Saudi Electricity Company SJSC's Other Current Liabilities amounts to 10.4B SAR.
What is Saudi Electricity Company SJSC's Other Current Liabilities growth rate?
Other Current Liabilities CAGR 5Y
-12%
Over the last year, the Other Current Liabilities growth was -34%. The average annual Other Current Liabilities growth rates for Saudi Electricity Company SJSC have been -16% over the past three years , -12% over the past five years .
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