- Business
- Al-Babtain Power and Telecommunication Co. (2320.SR) operates as a leading Saudi Arabian provider of integrated power and telecommunication solutions, offering turnkey engineering, procurement, and construction (EPC) services; supply of electrical equipment including transformers, switchgears, and generators; telecommunication infrastructure such as fiber optic networks, mobile towers, and data centers; maintenance and after-sales services; and renewable energy projects encompassing solar photovoltaic systems and hybrid power solutions. The company serves key sectors including oil and gas, utilities, government entities, and commercial clients across the Kingdom of Saudi Arabia, with selective operations in the Gulf Cooperation Council (GCC) region. Founded in 1979 and headquartered in Riyadh, Saudi Arabia, Al-Babtain maintains a portfolio of subsidiaries focused on specialized electrical manufacturing and telecom services, positioning it as a vital contributor to Saudi Arabia's Vision 2030 infrastructure goals. In recent developments, the company secured a major SAR 1.2 billion contract in 2024 for the EPC of a 300 MW solar power plant in collaboration with a leading international renewable energy partner, marking its strategic expansion into clean energy; announced a SAR 500 million funding round in mid-2025 to bolster its telecom 5G rollout capabilities; and formed a joint venture in late 2024 with a European technology firm for advanced substation automation systems, enhancing its competitive edge in smart grid technologies.