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FINANCIAL NEWS
Saudi SEC reports USD400m profit in Q2
17 Jul 2013
(MENAFN) Saudi Electricity Company (SEC) reported a 10 percent increase in quarterly earnings due to non-recurring settlement payment, Reuters reported.
The company said it made USD401 million net profit during the second quarter, up from USD362.6 million a year earlier.
SEC said the higher results came due to the non-recurring, USD194.35 million settlement payment from Saudi Aramco.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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