101 indexable Energy companies headquartered in Saudi Arabia, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $9.1B across 5 funded companies.
| # | Company | Funding | Valuation | Stage | Latest round | Employees | Founded | Momentum |
|---|---|---|---|---|---|---|---|---|
| 1 |
Mirai Solar
Developer of foldable solar modules for greenhouses, carparks, containers, vehicles and boats |
$221K | — | Funding Raised | Grant (prize money) Oct 2024 | 7 | 2019 | ↑ Active |
| 2 |
Saudi Electricity
Electric power generator and distributor |
$4.3B | — | Public | Conventional Debt Jan 2018 | 28,414 | 2000 | — |
| 3 |
YASREF
Crude oil refining company |
$4.7B | — | Funding Raised | Conventional Debt Apr 2016 | — | 2012 | — |
| 4 |
ACWA Power
Power and Water project EPC developer |
$100M | — | Public | Conventional Debt Jun 2021 | 1,254 | 2004 | — |
| 5 |
NOMADD Desert Solar
Waterless automated solar panel cleaning solution |
$1M | — | Series A | Series A Jun 2016 | 12 | 2012 | — |
| 6 |
Baker Oil Saudi Arabia
Providing oil exploration services |
— | — | Seed | Jun 2022 | — | — | — |
| 7 |
Aramco
Provider of exploration and production services for oil and gas sector |
— | — | Public | Post IPO Feb 2022 | 2,512 | 1993 | — |
| 8 |
alfanar
Manufacturer of electrical construction products |
— | — | Funding Raised | Grant (prize money) Dec 2021 | 242 | 1976 | — |
| 9 |
APICORP
Provider of investment management services |
— | — | Funding Raised | Conventional Debt Oct 2021 | — | 1975 | — |
| 10 |
ENGIE Laborelec
Developer of solar, nuclear and wind energy projects |
— | — | Funding Raised | Grant (prize money) Oct 2019 | — | 1962 | — |
| 11 |
Bahri
Provider of pipeline based oil transportation, ship management, and other transportation services |
— | — | Public | Post IPO Jan 2018 | 2,400 | 1978 | — |
| 12 |
Luberef
Provider of oil refining and distribution services |
— | — | Public | PE 2007 | 729 | 1978 | — |
| 13 |
Abdul Latif Jameel
Provider of multi modal freight forwarding, warehousing, and logistic services |
— | — | Funding Raised | — | — | 1945 | — |
| 14 |
Abdullah A. Al-Barrak & Son
ABIS is a fast-growing maintenance and turnaround partner in the oil and gas industry, providing one-stop solutions globally |
— | — | Unfunded | — | 25,000 | 1999 | — |
| 15 | Abdullah Hashim Industrial Gases & Equipment | — | — | Private | — | — | 1954 | — |
| 16 |
Abunayyan Holding
Developer of electricity transmission based utility projects |
— | — | Unfunded | — | — | 1950 | — |
| 17 |
ADES Group
Operator of offshore and onshore drilling rigs for oil and gas |
— | — | Public | — | 5,000 | 2003 | — |
| 18 |
AK Solar
Solar turnkey solutions provider on a commercial and residential scale |
— | — | Deadpooled | — | — | 2014 | — |
| 19 |
Al Sharif Group
Diversified conglomerate operating across multiple industries |
— | — | Funding Raised | — | — | 1980 | — |
| 20 |
Al-Massa Group
Manufacturer of transformers |
— | — | Funding Raised | — | — | 1993 | — |
| 21 |
Al-Sharif Group & KEC
Developer of electricity transmission & distribution based projects |
— | — | Funding Raised | — | — | 1997 | — |
| 22 |
aldrees petroleum and transport services co.
Aldrees Petroleum and Transport Services Company is a transportation company that provides petroleum services. |
— | — | Public | — | 5,815 | 1962 | — |
| 23 |
Alkhorayef Petroleum
Manufacturer of oil & gas production equipment |
— | — | Unfunded | — | 25 | 1957 | — |
| 24 |
Almasafi
Investor in refineries, petrochemicals, and real estate |
— | — | Unfunded | — | 54,798 | — | — |
| 25 |
Altaaqa
Developer of wind and solar energy projects |
— | — | Unfunded | — | — | 2004 | — |
| 26 |
Arabian Bemco Contracting Co
Bemco International is an EPC turnkey contractor for industrial and power projects. |
— | — | — | — | 139 | 1968 | — |
| 27 |
Arabian Drill
Provider of onshore and offshore oil and gas drilling services |
— | — | Public | — | — | 1964 | — |
| 28 |
arabian pipes co.
Arabian Pipes manufactures and markets welded steel pipes for oil and gas, structural, and commercial applications. |
— | — | Public | — | 380 | 1991 | — |
| 29 | Aramco Gulf Operations Company | — | — | Private | — | 139 | 2000 | — |
| 30 |
Aramco Trading
Logistical service provider for the oil & gas industry |
— | — | Unfunded | — | — | 2010 | — |
| 31 |
Ayedh Dejem Group
Provider of gas storage and transportation services |
— | — | Unfunded | — | — | 2004 | — |
| 32 | Climatech (Energy Infrastructure) | — | — | Private | — | 6 | 1999 | — |
| 33 | Core Team General Contracting | — | — | Private | — | 35 | 2008 | — |
| 34 |
Delta International
Provider of oil and gas company focused on appraisal and operating |
— | — | Unfunded | — | — | 1978 | — |
| 35 |
Desert Technologies
Provider of solar panel installation services |
— | — | Unfunded | — | — | 2012 | — |
| 36 |
Dhahran Techno Valley
Provider of multiple training services for petroleum industry |
— | — | Unfunded | — | — | 2010 | — |
| 37 |
Dynamic Oil Tools
Manufacturer of downhole and surface equipment for the oil and gas industry |
— | — | Unfunded | — | — | 2018 | — |
| 38 |
Earth Solar Solution
Developer of brick solar lamp |
— | — | Unfunded | — | — | 2016 | — |
| 39 |
East Pipes
Manufacturer of pipes |
— | — | Public | — | — | 2010 | — |
| 40 |
EGPHIL
Solar panel design, installation and operation company |
— | — | Unfunded | — | — | 2003 | — |
| 41 |
Electrical Industries Company
Manufacturer of transformers |
— | — | Public | — | — | 1976 | — |
| 42 |
energia model trading
Energia Model Trading & Contracting is a Saudi energy rental business. |
— | — | Private | — | 64 | 2011 | — |
| 43 |
Energy Capital Group
Energy Capital Group (ECG) is an investment firm focused on generating long term profits for our investors by investing in the global |
— | — | Unfunded | — | — | 2008 | — |
| 44 |
Eram Power Electronics Company
Provider of power quality analysis, testing, battery maintenance, and training services |
— | — | Unfunded | — | — | 2011 | — |
| 45 |
Farabi Petrochemicals
Manufacturer of petrochemicals |
— | — | Funding Raised | — | 879 | 2002 | — |
| 46 |
Front End
Developer of solar, hydro and wind energy projects |
— | — | Unfunded | — | — | 2013 | — |
| 47 |
Future Renewable Energy Systems
Manufacturer of solar modules |
— | — | Deadpooled | — | — | 2015 | — |
| 48 |
Gas Arabian
Provider of upstream oil & gas industry service |
— | — | Public | — | — | 1992 | — |
| 49 |
GASCO
Developer of Android mobile applications for musical instruments and measurement tools |
— | — | Public | — | 1,984 | 1963 | — |
| 50 |
Group Five Pipe Saudi
Group Five Pipe Saudi Co is a spiral pipe provider in the Middle East and it is based in the Kingdom of Saudi Arabia. |
— | — | Public | — | — | 2001 | — |
Developer of foldable solar modules for greenhouses, carparks, containers, vehicles and boats. The company provides photovoltaic solar screens with variable shading and output power. Its technology absorbs a fraction of light to generate electricity while transmitting the remaining light. The folding system optimizes light control for applications such as greenhouses, carparks, solar containers, vehicles and boats. T
Saudi Electricity Company generates and distributes electric power through 45 power plants in Saudi Arabia. Claims to generate 60MW power as of May'18. In 2022, the company recorded annual revenues of $19.2B and a net profit of $2.5B.
Crude oil refining company
ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with operations in 13 countries in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power’s portfolio, with an investment value in excess of USD 26 billion, can generate 16.9 GW of power and produce 2.5 million m3 /day of desalinated water
NOMADD Desert Solar is a Saudi Arabia based startup focused on developing an automated waterless solution for cleaning the dust off the solar panels. The dusting device is a brush which rests on a rail above the panel and can be controlled using a smartphone.
Providing oil exploration services
Provider of exploration and production services for oil and gas sector. It provides energy and chemicals, and it is involved in various global initiatives, partnerships, and technological developments. In 2022, the company recorded annual revenues of $589.47B and a net profit of $156.36B.
Provider of investment management services
Developer of solar, nuclear and wind energy projects
Provider of pipeline based oil transportation, ship management, and other transportation services
Provider of oil refining and distribution services
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Public Investment Fund
Europa
Citi
MASIC
APICORP
African Development Bank Group
Al Majdouie Investment
Amwal AlKhaleej
Arab Bank
Aram Global Fund
Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-21.
