It enjoys a near monopoly on the generation, transmission and distribution of electric power in Saudi Arabia through 45 power generation plants in the country.

[3] In 2019, SEC was ranked by Forbes as the 5th largest company in the Kingdom, and the 578th worldwide, with total annual sales of $17.1 billion .

[10] ECRA also confirmed the new generation companies will be open to foreign investment.

[8] The company is 81.24 percent owned by the government, both directly (74.31%) and through Saudi Aramco (6.93%).

[3] In 2015, SEC, Taqnia Energy and King Abdulaziz City for Science and Technology (KACST) agreed to collaborate to build and operate the first standalone solar power station in the country.