About Saudi Electricity
Saudi Electricity is a company based in Riyadh (Saudi Arabia) founded in 2000.. The company has 28,414 employees as of December 31, 2017. Saudi Electricity offers products and services including Electricity Supply and Power Generation.
- Headquarter Riyadh, Saudi Arabia
- Employees 28414 as on 31 Dec, 2017
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Saudi Electricity Company
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$2.6 B (USD), Debt – Conventional
Jan 21, 2018
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Investors
HSBC
& 9 more
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Employee Count
28414
as on Dec 31, 2017
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Products & Services of Saudi Electricity
Saudi Electricity offers a comprehensive portfolio of products and services, including Electricity Supply and Power Generation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Electricity is supplied to residential and industrial areas by Saudi Electricity Company.
Power is generated using various sources including renewables by Saudi Electricity Company.
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Software Development Team
37 people
Leadership Team
23 people
Human Resources and Administration
14 people
Finance and Accounting
14 people
Sales and Marketing
11 people
Project Team
11 people
Product Management Team
10 people
Senior Team
8 people
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Funding Insights of Saudi Electricity
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $2.6B
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First Round
First Round
(17 Aug 2017)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Debt – Conventional - Saudi Electricity | Valuation |
investors |
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| Aug, 2017 | Amount | Debt – Conventional - Saudi Electricity | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Saudi Electricity
Saudi Electricity has secured backing from 10 investors, including institutional investors. Prominent investors backing the company include HSBC, Standard Chartered and Natixis. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Financial services are provided by Citi through various offerings.
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Founded Year | Domain | Location | |
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Commercial banking services are provided by MUFG Bank internationally.
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Founded Year | Domain | Location | |
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Commercial banking services are provided in the United Arab Emirates.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Saudi Electricity
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Saudi Electricity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Saudi Electricity Comparisons
Competitors of Saudi Electricity
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Saudi Electricity
When was Saudi Electricity founded?
Saudi Electricity was founded in 2000 and raised its 1st funding round 17 years after it was founded.
Where is Saudi Electricity located?
Saudi Electricity is headquartered in Riyadh, Saudi Arabia.
Who is the current CEO of Saudi Electricity?
Ziyad bin Mohammed Al-Shiha is the current CEO of Saudi Electricity.
How many employees does Saudi Electricity have?
As of Dec 31, 2017, the latest employee count at Saudi Electricity is 28,414.
What does Saudi Electricity do?
The company was founded in 2000 and is headquartered in Riyadh, Saudi Arabia, within the energy sector. Electric power is generated and distributed through 45 power plants nationwide. Operations focus on power generation and distribution services. As of May 2018, 60MW of power was claimed to be generated. In 2022, annual revenues reached 19.2 billion, with a net profit of 2.5 billion recorded.
What products or services does Saudi Electricity offer?
Saudi Electricity offers Electricity Supply and Power Generation.
Who are Saudi Electricity's investors?
Saudi Electricity has 10 investors. Key investors include HSBC, Standard Chartered, Natixis, Citi, and First Abu Dhabi Bank.