Construction & Real Estate

Saudi Energy's nine-month net profit surges 4.3pc to $3bn

Saudi Energy Company reported an 11.5% year-on-year increase in revenue to SAR87.2 billion ($23 billion) for the first nine months of 2026, while net profit rose 4.3% to SAR12.1 billion ($3 billion), supported by strategic investments, growth in its regulated asset base and continued operational improvements....

Construction & Real Estate

Saudi Energy Company posts $13.94bn H1 revenue, up 10.5%

Saudi Energy Company posted a 10.5% year on year (YoY) growth in H1 revenue to SAR52.2 billion ($13.94 billion), EBITDA rose by 8.2% to SAR21.5 billion, and net profit increased by 7.5% to SAR6.7 billion. ...

Construction & Real Estate

Rawasi, Saudi Energy ink power network upgrade deal

Saudi-based Rawasi Al Bina Investment Company has signed a framework agreement with Saudi Energy Company for the execution of installation, replacement and maintenance works related to low- and medium-voltage overhead and underground distribution networks in the Qassim region. ...

Construction & Real Estate

Saudi Energy seals $3.1bn power purchase deal for Rabigh 2 project

Saudi Energy said it has signed a SAR11.5 billion ($3.1 billion) agreement with Saudi Power Procurement Company (SPPC) for the Rabigh 2 IPP project located in Makkah province, which on completion will boast a large-scale CCGT power plant with 2,313.5 MW generation capacity. ...