Fairmont Hotel, Riyadh
Company website: https://www.se.com.sa/en-us/Pages/home.aspx
Profile
About Saudi Electricity Company
Saudi Electricity Company is one of the largest producers of electricity in the Middle East and North Africa, it provides electricity efficiently to its 10,122,895 customers from all categories, it is one of the main pillars of achieving the National Transformation Program 2020 and Vision 2030, as it aims to deliver the service to 11 million customers by the end of 2023.
The company attaches great importance to Saudization, raising the Saudization rate among its 32,863 employees to more than 93.6 percent, important steps have also been achieved to localise the electrical industries through the "Binaa" program, by increasing the purchase rate from national factories to 68 percent, and increasing the number of local factories registered with them to more than 700 factories.
It succeeded in completing its largest project towards digital transformation, smart metres, by installing 10 million smart metres in record time, more than 39 percent of which are Saudi-manufactured.
The company provides its services through power plants that use modern technologies. It has 42 production stations, including 486 production units, and through a sprawling transportation network that feeds distribution networks, which have a length of more than 91,424 circular kilometers. It succeeded in extending a fibre-optic network of more than 82,583 kilometers, covering more than 508,000 homes with fibre optics.
The company is on track to diversify its energy sources by expanding the use of clean energy, while reducing dependence on fossil fuels.
Our vision:
We provide our customers and our country with world-class energy services.
Our mission:
We supply electricity to the Kingdom to supply energy to the world.
Our strategic objectives:
Providing world-class innovative services to both individuals and businesses.
Work on commercial bases with the highest safety standards.
Switching to an intelligent and sustainable electrical system.
> LinkedIn URL :https://sa.linkedin.com/company/saudielectricity
Event Sponsorships
Capital Markets Saudi Arabia 2022 - Platinum & ESG Sponsor
Contributors
Abdulaziz Al-Muhaiza
Speaker at these events:
Capital Markets Saudi Arabia 2022
- Saudi Arabia, ESG and capital markets: How companies and banks are transitioning towards sustainability
Manish Manchandya
Speaker at these events:
Capital Markets Saudi Arabia 2022
- Capital markets, Saudi Arabia, the future: How are top-tier banks going to support the Kingdom’s corporate and project funding needs?
Capital Markets & ESG Finance Saudi Arabia 2023
- C-Suite Roundtable: How are corporates managing their funding and risk management in the new rate environment?
Project, ECA & Structured Finance MENA 2020 - Virtual Conference
- Balancing ESG with structure and liquidity: Is there a liquidity and/or price advantage for green and sustainable debt?
Bonds, Loans & Sukuk Saudi Arabia 2019
- Loan Financing in Saudi Arabia: How can borrowers and lenders work together to extract maximum mutual benefit?