18 Hrs
الاقتصادية
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الاقتصادية

2026-11-10T06:46:28.383Z

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الاقتصادية

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Saudi Energy Profit Rises

Saudi Energy Profit Rises

Saudi Energy Company’s third-quarter profit rose 0.5% year on year to SAR 5.35 billion, supported by growth in operating revenue, lower expected credit loss provisions, and higher returns from certain investments. Quarterly revenue increased 13% to SAR 35 billion, driven by growth in the network’s regulated asset base, project development revenue, and customer numbers. Profit growth was constrained by higher operating and maintenance expenses and financing costs, as well as lower other income.

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