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FINANCIAL NEWS
Saudi listed energy, utility firms’ record USD10.65b revenue in 2014
29 Mar 2015
(MENAFN) Saudi Arabia listed energy and utility firms registered revenues of USD10.65 billion for 2014, against USD9.29 billion in 2013, a fiscal report showed, Arab News reported.
Likewise, the listed firms logged USD1billion net profits for 2014, marking 19.3 jump over the USD839.37 billion of 2013, according to a report by Al-Hayat daily
Saudi energy and utility sector is divided into two firms: The Saudi Electricity Company (SEC) and National Gas and Industrialization Company (GASCO ).
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