Table › Companies › Saudi Electricity Co
🔥 Saudi Electricity Co ranks #3 because its tracked power plants burn fossil fuels at scale.
Saudi Electricity Co, based in Saudi Arabia, generates electricity and heat, largely by burning fossil fuels. Climate TRACE attributes 33 high-emitting assets to it. Its largest tracked activities are electricity generation.
See the proof
Power plants & sites behind it33 attributed assets · ownership split equally across listed owners
| Asset | Sector | Ownership | Attributed | Conf. |
|---|---|---|---|---|
| Shoaiba power plant | Power | 22 Mt | very low | |
| Qurayyah Thermal power plant | Power | 20.8 Mt | very low | |
| Rabigh-2 power plant | Power | 19.7 Mt | very low | |
| Ghazlan power plant | Power | 16 Mt | very low | |
| Riyadh 9 power plant | Power | 11 Mt | very low | |
| Riyadh 10 power plant | Power | 8.1 Mt | very low | |
| Riyadh 8 power plant | Power | 6.9 Mt | very low | |
| Shuqaiq Steam Power Plant | Power | 6.7 Mt | medium | |
| Jeddah South power plant | Power | 6.7 Mt | medium | |
| Faras power plant | Power | 5.3 Mt | very low | |
| Jeddah PP3 power plant | Power | 5 Mt | very low | |
| Riyadh 12 power plant | Power | 5 Mt | very low |
Who profits
Hand-curated shareholder, revenue and investor context from primary public sources. This data is shown alongside — but is not used to compute — the Climate Damage Score.
About this data. Institutional investors like BlackRock, Vanguard and State Street typically hold shares on behalf of clients — appearing in shareholder records does not mean they control or direct the company. State entities and individuals with majority stakes are different and labelled accordingly.
Emissions intensity
Above the curated-sample median (2.02 Mt/$bn) — more emissions per dollar of revenue than the typical large emitter we have data for.
Top shareholders & investors
- Public Investment Fund (Saudi Arabia sovereign wealth fund)74.3%state
- Saudi Aramco6.9%state
- Public free float (Tadawul)18.8%public
Source: primary public filings via Wikipedia. Stakes can change; see filings for the latest.
Majority state-owned via PIF; Saudi Aramco also holds a stake. Sole grid operator in the Kingdom.
How it's allowed
Signals below are derived from emissions data and ownership coverage only — not from any legal or regulatory finding.
Climate Villains makes no claim that any entity has broken any law. These are data-derived signals, not allegations.
Trend
Attributed emissions are rising by about +3.5% per year. Attributed emissions, 2022–2024.
It ranks #3 mainly because its attributed assets emitted about 186 Mt CO₂e in 2024 (≈ 40.4M cars/yr).
The Climate Damage Score is driven by that absolute size on a log scale, with a +0.3-point worsening adjustment.
Score breakdown
See the full methodology for how the score is built, or data & coverage for how complete the underlying numbers are.
What we know · what we don't
What we know
- Attributed emissions: 186 Mt CO₂e in 2024 (≈ 40.4M cars/yr).
- Primary sector: Power; primary country: Saudi Arabia.
- Evidence: 33 assets; ~100% ownership-attribution coverage.
- Source: Climate TRACE (CC BY 4.0).
What we don’t
- Exact ownership percentages — Climate TRACE lists owners but not stakes, so shared assets are split equally.
- Indirect (supply-chain / financed / product-use) emissions are not included.
- No PR claims, lobbying records, litigation history or policy-compliance data are included.