Best Energy Companies in Saudi Arabia
The 101 best Energy companies in Saudi Arabia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: YASREF.
The biggest Energy companies in Saudi Arabia, ranked by disclosed equity funding and recent momentum, are tracked right here across 101 companies and $9.1B in total disclosed capital. That number is front-loaded: Yasref anchors the list at $4.7B, Saudi Electricity follows at $4.3B, and the gap to the next tier is steep. So you're looking at a market where two players hold the bulk of disclosed funding and everyone else is racing to close ground, with Acwa Power's $100M round and Mirai Solar's early-stage activity signaling where the growth edge sits.
Coverage is rising fast, and the hot themes right now are solar PV, EV battery technology, and EV energy management systems, which tracks with wind and solar expansion pulling capital globally this quarter. Median install growth across energy and oil apps hit roughly 28% YoY across 138 tracked apps, a quiet indicator that digital infrastructure is scaling alongside physical assets. The Public Investment Fund leads the most active investor list, which tells you regulatory tailwinds are real. I'd watch the solar-storage convergence closely, because green energy's new role attracting AI and data investment is reshaping where the next funding rounds land in markets like this one.
- International grid edge study reveals countries needs and readiness f
Our analysis of 441 Energy companies
$135.1b in tracked funding; 76% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy companies in Saudi Arabia
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | YASREF Crude oil refining company | $4.7B | 122 mo ago | Funding Raised | Mohammad Al-Naghash CEO & President | 2012 | NginxjQuery MigrateAOS+8 | — | — | 2 partnerships |
| 2 | Saudi Electricity Electric power generator and distributor | $4.3B | 101 mo ago | Public | Ziyad Al-Shiha CEO & President | 2000 | TypeScriptBootstrapZone.js+22 | 18 signals ▲100% Contracts · Capital raise · Funding | 9 patents Patents concentrated in mechanical & energy engineering | — |
| 3 | ACWA Power Power and Water project EPC developer | $100M | 60 mo ago | Public | Mohammad Abunayyan Founder | 2004 | AddsearchAnimate.cssCloudflare+13 | 29 signals ▼49% Contracts · Acquisition · Announcements | 48 patents Renewable energy plant monitoring and optimization, especially solar PV performance and green hydrogen production | 1 partnership |
| 4 | NOMADD Desert Solar Waterless automated solar panel cleaning solution | $1M | 120 mo ago | Series A | Jos Van Der Hyden Co-Founder and Board Member | 2012 | — | — | 27 patents Patents concentrated in mechanical & energy engineering | — |
| 5 | Mirai Solar Developer of foldable solar modules for greenhouses, carparks, containers, vehicles and boats | $221K | 19 mo ago | Funding Raised | Michael Salvador Co-Founder & CEO | 2019 | — | — | — | — |
| 6 | Baker Oil Saudi Arabia Providing oil exploration services | — | 48 mo ago | Seed | Raed Al Rayes CEO | — | — | — | — | — |
| 7 | Aramco Provider of exploration and production services for oil and gas sector | — | 52 mo ago | Public | Hisashi Tanaka Co-Founder | 1993 | Node.jsThree.jsGSAP+18 | 44 signals ▼50% Contracts · Announcements · Earnings | 4,933 patents Advanced upstream oil & gas technologies, seismic imaging, and low‑carbon hydrogen production. | — |
| 8 | alfanar Manufacturer of electrical construction products | — | 54 mo ago | Funding Raised | — | 1976 | SalesforceYouTubeBootstrap+19 | — | 5 patents Miniature circuit breaker protection and mounting mechanisms for low‑voltage electrical panels. | — |
Top 12 Energy companies in Saudi Arabia
#1
Funding Raised · Rabigh, Makkah Province · founded 2019 · 7 employees$221Kraised▾
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. The modules can be deployed on mobile shipping containers to extend the electricity generating area.
- Oct 2024Grant (prize money)$30K
- Jul 2024Grant (prize money)$191K
#2
Public · Riyadh, Riyadh Province · founded 2000 · 28414 employees$4.3Braised▾
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.
- Jan 2018Conventional Debt$2.6B
- Aug 2017Conventional Debt$1.8B
#3
Funding Raised · Medina, Al Madinah Province · founded 2012$4.7Braised▾
Crude oil refining company
- Apr 2016Conventional Debt$4.7B
#4
Public · Riyadh, Riyadh Province · founded 2004 · 1254 employees$100Mraised▾
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 to be delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models. In 2022, the company recorded annual revenues of $1.47B and a net profit of $0.35B.
- Jun 2021Conventional Debt$745.6M
- Apr 2021Conventional Debt$114M
- Nov 2020Series B—
- Jul 2018Series B—
#5
Series A · Jeddah, Makkah Province · founded 2012 · 12 employees$1Mraised▾
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.
- Jun 2016Series A$1M
#6
Seed · Saudi Arabia—raised▾
Providing oil exploration services
#7
Public · Dhahran, Eastern Province · founded 1993 · 2512 employees—raised▾
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.
#8
Funding Raised · Riyadh, Riyadh Province · founded 1976 · 242 employees—raised▾
Manufacturer of electrical construction products
#9
Funding Raised · Dammam, Eastern Province · founded 1975—raised▾
Provider of investment management services
#10
Funding Raised · Riyadh, Riyadh Province · founded 1962—raised▾
Developer of solar, nuclear and wind energy projects
#11
Public · Riyadh, Riyadh Province · founded 1978 · 2400 employees—raised▾
Provider of pipeline based oil transportation, ship management, and other transportation services
#12
Public · Jeddah, Makkah Province · founded 1978 · 729 employees—raised▾
Provider of oil refining and distribution services
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Energy coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.