Saudi Electricity Company Reports Robust Financial Growth in 2024

The Saudi Electricity Company (SEC) has exhibited a substantial financial growth in both the first half and the second quarter of 2024. The company’s revenues have witnessed a significant uplift of 15.5% year-over-year, reaching SAR38.2 billion in the first half of the year, while the net profit has experienced a 16.6% ascent to SAR5.2 billion. The second quarter continued this upward trajectory with a 13.5% increase in revenue to SAR22.4 billion and an 8.2% rise in net profit to SAR4.3 billion compared to the previous year.