SECO has so far since enjoyed a monopoly on the generation, transmission and distribution of electricity across the Kingdom, but that is scheduled to change. The Company is 80 percent state-owned with 20 percent on the Saudi stock market, and is to be divided into 4 separate competitive business units in 2013 according to H.E. Dr. Abdullah Al Shehri, Chairman of Electricity and Cogeneration at Saudi Arabia’s Electricity and Cogeneration Authority.