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5110 – Saudi Electricity Company SJSC

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Not Compliant

—X—

Industry: Electric Utilities | Saudi

Saudi Electricity Company SJSC is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 25,882 MRev. Growth: 99.15%

AAOIFI ✗

Debt/MC250.07%
Non-Compliant Assets/MC0.31%
Impure Income (incl. Interest)0.05%
Impure Income%
Interest Income0.05%
Total0.05%

S&P ✗

Debt/36 mo MC271.88%
Cash/36 mo MC1.27%
AR/36 mo MC21.99%

DJIM ✗

Debt/24 mo MC254.66%
Cash/24 mo MC1.19%
AR/24 mo MC20.6%

FTSE ✗

Debt/Assets51.16%
Cash/Assets0.24%
Cash&AR/Assets4.38%
Impure Income (incl. Interest)0.05%
Impure Income%
Interest Income0.05%
Total0.05%

MSCI ✗

Debt/Assets51.16%
Cash/Assets0.24%
Cash&AR/Assets4.38%

Recommendation Rating

3.5

1

2

3

4

5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 7.19

Low: 6.64

High: 7.73

Total Analysts: 3


Saudi Electricity Company SJSC is a Saudi Arabia-based company, which is mainly engaged in the generation, transmission and distribution of electric power. The Company is serving governmental, industrial, agricultural, commercial and residential consumers. The Company operates under the following segments: Generation, which is engaged in the generation and provision of electric power; Transmission, which is engaged in the transmission of electric power from generation stations, using a transmission network, to a distribution network as well as the operation and maintenance of an electricity transmission system, and Distribution and Customer Services, which includes receipt of electric power from the transmission network and distribution to the Company’s subscribers, as well as the issuance, distribution and collection of electric consumption bills.

We do our best to screen stocks as accurately as possible. Please let us know in the comments if you spot an error or find something questionable. Jazaak Allahu khairan.

To understand how the screening is done, please read the Shariah Screening Methodology page.

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