Saudi Electricity stock carries SAR 65.0 billion market value

Published on 10/08/2026 at 09:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saudi Electricity holds a 40 percent stake in the SAR 9.69 billion Rabigh 2 project, financed on October 1, 2026. Operations are scheduled for Q2 2029.

Saudi Electricity, SA0007879550, Illustration mit AI erstellt.

Saudi Electricity Company (ISIN SA0007879550) was trading at SAR 15.60 on Tadawul on October 8, 2026, up SAR 0.03, or 0.19 percent, from the prior close of SAR 15.57. The company has a market capitalization of SAR 65.0 billion at that price.

Rabigh 2 adds 2,313.5 MW

The latest company-linked development is the financing close for the Rabigh 2 independent power project. Argaam reported on October 4, 2026, that Saudi Electricity and ACWA Power had secured SAR 9.69 billion of financing for the expansion, with each company holding a 40 percent stake.

The project is designed as a 2,313.5 MW combined-cycle gas plant in western Saudi Arabia and is prepared for the future installation of carbon-capture equipment. The financing has a tenor of approximately 34 years, giving the project a long-dated investment profile rather than an immediate earnings effect.

Commercial operations target Q2 2029

According to Argaam, the companies expect the project's financial impact to begin when the full plant starts commercial operations in Q2 2029. That timetable places the economic contribution several reporting periods beyond the October 2026 share price, so the near-term valuation remains tied to existing operations and the group's financing position.

The project also adds a concrete scale marker to Saudi Electricity's expansion pipeline. Its 2,313.5 MW capacity is backed by SAR 9.69 billion in debt financing, while the 40 percent ownership share links the company to both the project's future operating cash flows and its reserve-account guarantees.

Stock remains below SAR 18.48 high

Saudi Electricity's 52-week range was SAR 13.00 to SAR 18.48 as of October 8, 2026. The SAR 15.60 price therefore stood SAR 2.88 below the yearly high and SAR 2.60 above the yearly low, placing the stock between the two ends of its recent trading range.

Trading volume stood at 37,223 shares at 10:10 a.m. AST on October 8, 2026. For investors, the key near-term distinction is clear: the Rabigh 2 financing supplies a quantified long-term project milestone, while commercial operations and related financial effects are scheduled for Q2 2029.