Saudi Electricity

Saudi Electricity, headquartered in Riyadh, has emerged as a defining utilities force in Middle East & North Africa. With roughly 34k employees and revenues approaching $21B, the group keeps reinforcing its position through disciplined capital allocation and a long-term industrial vision.

Talent density and engineering culture have become a quiet competitive moat, particularly as the sector consolidates around fewer global champions.

“Saudi Electricity is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Few catalysts on the horizon look bearish; the central scenario is a continued, controlled compounding story.