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Press Release

GE 1st Quarter Earnings

April 22, 2016

GE announced first-quarter 2016 Industrial Operating + Verticals EPS of $0.21, up 5% from the first quarter of 2015.

Please click here to read the rest of the press release, in English.


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Press Release

GE Oil & Gas groundbreaking of Multi-Modal Manufacturing Center at MODON site in Dammam

March 30, 2016
  • GE Oil & Gas groundbreaking of multi-modal site that is planned to be the largest GE advanced manufacturing facility in the region
  • Expanded integrated facility to showcase competencies of GE Oil & Gas across the entire portfolio
  • Manufacturing, repair, services and training facility for gas turbines and mechanical drives to create over 100 new jobs in the start-up phase with 80% Saudization
  • Multi-Modal site contributes to Saudi Aramco’s In Kingdom Total Value Add (IKTVA) initiative that promotes localization


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Press Release

Demand for Fast Power Heats Up in the Saudi Desert: Saudi Electricity Company Orders Six More GE Gas Turbines

February 08, 2016
  • SEC Orders Six Additional Quick Ramping, Dual-Fuel Aeroderivative Mobile Units From GE, Following Success of First Five Units Commissioned in 2015
  • TM2500+ Aeroderivative Mobile Units Provide Black-Start Capability to Deliver Approximately 180 MW of Fast Power
  • Fast Power and Fast Delivery: New Units to Help SEC Meet Peak Demands This Summer in Vast Desert Terrain
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Press Release

GE 4th Quarter & Total Year 2015 Earnings

January 22, 2016

GE announced fourth-quarter 2015 Industrial operating + Verticals EPS of $0.52, up 27% from the fourth-quarter of 2014.

Please click here to read the rest of the press release, in English.


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Press Release

GE Wins Nearly $1 Billion Contract to build SEC's 1390 MW Waad Al Shamal combined cycle power plant

December 31, 2015
  • Landmark project to be delivered in 48 months; to support phosphate mining plant in the locality driving industrialization and job creation for Saudis
  • Plant to feature GE’s latest F-class heavy duty gas turbines, one of them to be ‘Made in Saudi’ at GE Manufacturing Technology Center in Dammam
  • Features solar innovation technology that adds value to Saudi Electricity Company 

Riyadh, Saudi Arabia; December 31, 2015: GE (NYSE: GE) has been awarded a landmark contract valued at nearly US$1 billion for the engineering


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Press Release

GE Oil & Gas inaugurates first-phase expansion of 'Made in Saudi' advanced manufacturing facility in Dammam

November 09, 2015
  • GE Oil & Gas completes multi-million dollar first-phase expansion of multi-modal site that is planned to be the largest GE advanced manufacturing facility in the region
  • Builds on current ‘Made in Saudi’ pressure control manufacturing and services capabilities with plans to extend to businesses across the GE Oil & Gas portfolio
  • Local manufacture serves customers including Saudi Aramco and across the region
  • Promotes job creat
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Press Release

Second Quarter 2015 Earnings

July 17, 2015

GE announced second-quarter 2015 operating earnings of $2.8 billion, with  Industrial + Verticals operating earnings per share of $0.31, up 19% from the second quarter of 2014.

Please click here to read the rest of the press release, in English.


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Press Release

First Quarter 2015 Earnings

April 17, 2015

GE announced first-quarter 2015 operating earnings per share of $0.31 excluding GE Capital exit impact, down 6% from the first quarter of 2014. Industrial operating EPS was up 14%.

Please click here to read the rest of the press release, in English.


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Saudi Electricity Company and GE sign MOU to form joint venture to provide operational support for power plants to enhance efficiency

March 16, 2015

Riyadh, Saudi Arabia; March 15, 2015: Saudi Electricity Company (SEC) and GE (NYSE: GE) have signed a Memorandum of Understanding (MoU) to set up a joint venture that will extend operations and maintenance (O&M) support to SEC’s power plants in the Kingdom. GE will extend its advanced technologies and train SEC staff to undertake the O&M services.


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جنرال إلكتريك" تستثمر 100 مليون دولار بمجالات البحث والتصنيع والابتكار التكنولوجي في المملكة العربية السعودية"

March 16, 2015

برامج الاستثمار الجديدة تمثل إضافة مهمة لاستثمارات الشركة البالغة قيمتها مليار دولار خلال الأعوام الثلاثة الماضية


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