The Saudi Electricity Company announced that it achieved a total profit of 5.920 billion riyals for the fiscal year ending 31/12/2018, compared to 6.690 for the previous year, Down by 11.509%.

While the company's net profit after zakat and tax was 1.757 billion riyals, down 74.56% from the previous year in which the net profit after tax and zakat deduction was 6.908 billion riyals.

In a statement, Namazion obtained a copy of it, the percentage of revenue growth achieved by the company rose 26.396% from last year, as it achieved 64.064 billion riyals in 2018 compared to With 50.685 riyals in the previous year, while the company's total operating profit amounted to 6.016 billion riyals, down 39.87% from the previous year, which amounted to 10.005 billion riyals, and the total comprehensive income of the company was 2.364 billion riyals, down 66.862%, from the previous year in which the company achieved 7.134 billion riyals, the total comprehensive income for that year.

The Board of Directors of the Saudi Electricity Company recommended that cash dividends be paid to the shareholders of the company for the fiscal year 2018, with a total amount of 749.3 million riyals, at 70 halala per share, with a percentage distribution to The nominal value of the stock is 7%.

The company said that the number of shares due to profits is 1,070,418,495 shares, provided that the date of eligibility is determined on the date of the company's general assembly.

Saudi Electricity announced the total shareholders ’equity (after excluding minority rights), amounting to 73.678 billion riyals, an increase of 1.893 percent from the previous year, reaching 72.309 billion Riyals, and the company's shares achieved a profit of 0.42 riyals in 2018, while its profit for the previous year was 1.66 riyals per share.

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