The board of Saudi Energy Company (formerly Saudi Electricity Company) has recommended a cash dividend for 2025 following a 15 percent increase in annual revenueThe board of Saudi Energy Company (formerly Saudi Electricity Company) has recommended a cash dividend for 2025 following a 15 percent increase in annual revenue

Saudi Energy board proposes $773m dividend for 2025

2026/03/03 20:54
1 min read
For feedback or concerns regarding this content, please contact us at [email protected]

The board of Saudi Energy Company (formerly Saudi Electricity Company) has recommended a cash dividend for 2025 following a 15 percent increase in annual revenue.

The state-owned utility provider will pay SAR2.9 billion ($773 million), or 7 percent of its capital, as a dividend for last year, it said in a statement to the Saudi Exchange (Tadawul).

Net profit attributable to shareholders almost doubled year on year to SAR13 billion in 2025. 

However, earnings were impacted by a rise in operating and maintenance costs, an increase in the provision for subscriber receivables, and financing charges to support expansion.

Further reading:

  • Saudi-Egypt power connection to begin operations soon
  • Saudi Arabia awards renewable projects worth $2bn
  • Saudi Electricity’s revenue up on higher power demand

Revenue rose 15 percent to SAR102 billion last year, driven by higher power demand and subscriber base expansion.

The company’s share price closed 2.07 percent higher at SAR13.79 on Tuesday, but is down 1.85 percent since the start of the year.

The Public Investment Fund owns 74.31 percent of Saudi Energy.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.