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MarketScreener Homepage  >  Equities  >  SAUDI ARABIA STOCK EXCHANGE  >  Saudi Electricity Company SJSC    5110   SA0007879550

SAUDI ELECTRICITY COMPANY SJSC (5110)
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Saudi Electricity SJSC : Workshop aims to enhance energy transition in Kingdom

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11/10/2017 | 04:38pm CEST

Energy experts gathered in KAPSARC to discuss clean energy transistion. - Courtesy photo

"FOSTERING Effective Energy Transition" was the titled of a workshop organized by the King Abdullah Petroleum Studies and Research Center in collaboration with the Word Economic Forum, at the Conference Center in Riyadh last Monday.

More than 25 energy experts gathered in KAPSARC to discuss the extent to which Saudi Arabian preparations for the global clean energy transition position it for success in meeting Saudi Arabia Vision 2030 goals.

The objective of the workshop was to understand better the economic and investment implications of renewable energy development in the Kingdom and the opportunities to learn from international approaches, according to the VP of research at KPSARC David Hobbs.

The workshop attendees discussed ways that renewable energy could become a job engine, allow Saudi Arabia to transition to a cleaner and more efficient energy system and identified the extent to which energy prices that reflect the underlying costs would provide the appropriate incentives that would benefit the economy’s competitiveness, Bandar Alkhamies, the Global Leadership Fellow at WEF, mentioned.

Saudi Arabia recently announced its intention to deploy 9.5 gigawatts of renewable energy capacity by 2023 and attract $50 billion of investment in renewables by 2030.

Workshop attendees included representatives from Ministry of Energy, Industry and Mineral Resources (MEIM), Saudi Energy Efficiency Center (SEEC), International Energy Forum (IEF), Saudi Electricity Company (SEC), Saudi Aramco and McKinsey & Com.

KAPSARC is dedicated to research into energy economics, policy, technology and the environment, across all types of energy. The Center is focused on finding solutions for the most effective and productive use of energy, creating added value that contributes to the welfare of both energy exporting and consuming societies. As the case for all its workshops, a summary of key discussion points, insights and recommendations will be posted at the Center’s website www.kapsarc.org.

The World Economic Forum (WEF) is an international nonprofit foundation dedicated to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas. - SG

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(c) 2017 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (SAR)
Sales 2018 59 796 M
EBIT 2018 7 327 M
Net income 2018 834 M
Debt 2018 216 B
Yield 2018 4,31%
P/E ratio 2018 25,78
P/E ratio 2019 22,40
EV / Sales 2018 4,74x
EV / Sales 2019 4,71x
Capitalization 67 665 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 21,8  SAR
Spread / Average Target 34%
EPS Revisions
Managers
NameTitle
Ziad bin Mohammed Al-Shiha President & Chief Executive Officer
Khaled bin Saleh Al-Sultan Chairman
Fahad bin Hussein Al-Sudairi Chief Financial Officer
Yahya Abdulrahman Executive Director-IT & Communications
Isam Alwan Al-Bayat Independent Director
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