Business
Abstract
In April 2000, Saudi Electricity Company was established as a Saudi joint stock company with a paid-up capital of forty-one billion six hundred and sixty-five million nine hundred and thirty-eight thousand one hundred and fifty Saudi Riyals. The merger of all Saudi electricity companies in the Central, Eastern, Western, and Southern Regions in addition to the other electricity operations managed by General Electricity Corporation made it possible to make this amalgamation of multiple entities into a single joint stock company known as Saudi Electricity Company (se.com.sa). However, when the merger took place, there were a number of issues that led to ...