Saudi Co. for Energy Purchase Ltd. holds first board meeting

The Saudi Co. for Energy Purchase Ltd. meeting was held on May 25 at the company’s headquarters in Riyadh.
Updated 09 June 2017

Saudi Co. for Energy Purchase Ltd. holds first board meeting

The newly-formed Saudi Company for Energy Purchase Ltd. held the first meeting of its board of directors to discuss strategies for the company.
Osama bin Abdulwahab Khawandanah, chief executive of the company, said: “The tasks and responsibilities of the newly-established Saudi Company for Energy Purchase Ltd. include buying, selling, converting, importing and exporting of electric power, as well as developing markets for the electric power trade and services, and selling and developing the services of the electrical system in general.”
The meeting was held on May 25 at the company’s headquarters in Riyadh. It reviewed the company’s launching strategies to promote the electric power market in the Kingdom within the framework of Saudi Vision 2030.
Khawandanah said the Saudi Company for Energy Purchase Ltd. (principal purchaser) is a limited liability company wholly owned by the Saudi Electricity Company (SEC) with a capital of SR2 million ($533,000) and has obtained the necessary approvals from the competent regulatory authorities. “The establishment of the company is in implementation of the royal decree stating the independence of the principal purchaser within Vision 2030 and its plans to restructure the national economy, including achieving competitiveness in the electrical power sector in the Kingdom,” he said.
“The main tasks of the Saudi Company for Energy Purchase Ltd. focus on offering electricity generation projects, buying electricity, capacity and system services, entering into agreements of power purchase and/or conversion and/or continuous sales, wholesaling electricity to retail licensees and to major consumers, sale of the electrical system services, as well as the import and export of electrical energy, acquisition of essential fuel and reserve fuel for its supply to the production licensees, and managing the account of the budget fund, which aims to cover the deficit between targeted revenues and actual revenue, in addition to the development of markets for trading electricity or the system services in the Kingdom,” Khawandanah added.
The board of directors of The Saudi Company for Energy Purchase Ltd. consists of seven members, headed by Zaki bin Abdul Mohsen Al-Mousa, Omar bin Abdullah Al-Ghamdi as vice president, and members Nasser bin Abdullah Al-Wahaibi, Abdulrahman bin Mohammed Al-Ibrahim, Fahad bin Hussein Al-Sudairy, Ayesh Ayesh Al-Shammari and CEO Khawandanah.


Almosafer unveils ‘Winter at Tantora’ packages

Updated 23 October 2019

Almosafer unveils ‘Winter at Tantora’ packages

With preparations in full swing for the second edition of Winter at Tantora, Almosafer, the flagship brand of Seera Group’s consumer travel business unit, has announced a host of event packages especially designed for fans preparing to attend the second season between Dec. 19 and March 7, 2020.

Winter At Tantora is coming back to the historic site of AlUla, the UNESCO World Heritage Site in Saudi Arabia, and will feature a rich calendar of weekly cultural events, equine and events, celebrity performances by some of the world’s greatest musicians. This year, the global event will be supported by Seera Group, a provider of travel and tourism services, which has been appointed as the key destination management company (DMC) to offer travel bookings, hotel stays, car rentals and added-value experiences for guests from around the world.

Almosafer, an omni-channel travel brand in Saudi Arabia, will market “Winter at Tantora” extensively across social media and other communication channels and offer visitors an extensive range of package options including accommodation, flights, transportation and ancillary services for both weekend visits or one-day options. Visitors are also offered one-on-one personal consultation with travel advisers across Almosafer’s retail network in the Kingdom.

Travelers will get to choose between three different package category options — Gold, Platinum and Diamond — which include return flights, hotel accommodation, as well as airport transfers and a visit to AlUla heritage sites. The event packages also differ depending on the length of stay. Festival goers can either opt for a one-day weekend package or extended stay, depending on the number of concerts and activities they would like to experience at Winter at Tantora.

To enhance their itinerary, travelers can complement their standard packages with additional activity bundles that offer a variety of bucket-list activities such as: Sunset and sunrise hot air balloon rides, vintage aircraft flights, as well as several unique gastronomy experiences. 

Winter at Tantora will bring 12 weekends of wonder to the AlUla oasis, inspired by its spectacular scenery. Home to archaeological treasures, natural beauty and magnificent monuments that span millennia, AlUla is set on the ancient incense route between Southern Arabia and Egypt. It became a hub of commercial and cultural exchange because a lush oasis valley ran through it, creating an ideal environment for civilizations to flourish.

Providing hotel booking options for over 1.5 million properties around the globe, flight bookings on over 450 airlines and complete holiday packages, Almosafer boasts various convenienat booking solutions for any type of travel needs.