Saudi Electricity Company ranks 14th largest power company globally

A general view of power plant number 10 at Saudi Electricity Company's Central Operation Area, south of Riyadh, April 27, 2012. (File photo: Reuters)

The Saudi Electricity Company has ranked 14th among the electricity companies in the world after it topped the list of electric power companies in the Arab countries by market value which reached at the end of September 2017 at about $26.5 bln.

“This rank is a result of the company success during the past few years in developing its policies and strategic plans, and seeking to compete on the global performance indicators through the resettlement of modern technology, and training of engineers and technicians in Saudi Arabia with many institutions and international specialized institutes,” a statement on Saudi Press Agency read.

Last Update: Wednesday, 20 May 2020 KSA 09:55 - GMT 06:55