Saudi Energy reports H1 results 2026
Saudi Energy Company announced its financial results for the first half of 2026, recording an increase in profits and revenues due to expansion of its investments and improved operational performance. The company's revenue reached 52.2 billion riyals, a 10.5% increase, while net profit stood at 6.7 billion riyals, up by 7.5%. There was a record growth in the asset base and capital facilities, amounting to 15.9 billion riyals. The company aims to strengthen the national energy system through expanding transmission and distribution networks and transitioning capacities to renewable sources, while maintaining high credit ratings. It successfully met demand during the Hajj season without interruptions, with generation capacity rising to 56.9 gigawatts and renewable energy connected to the grid increasing to approximately 17.8 gigawatts.
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