Positive quarter on municipality fee exemption
Saudi Electricity made a profit of SAR4.94bn in the three months to March 31, 2017. This compares with a loss of SAR798m in the same period a year earlier. Q1 2017 revenue increased by 0.3% to SAR8.920bn compared to SAR8.895bn for the same period a year earlier.Saudi Electricity is an electric company based in Saudi Arabia. Co. is a major provider of electric power all over the Kingdom of Saudi Arabia, serving governmental, industrial, agricultural, commercial sectors, and residential consumers. Co. is a tariff regulated (subject to tariff control) electricity company. Electricity tariffs are determined by the Council of Ministers based on recommendations from the Electricity and Co-generation Regulatory Authority.
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