Saudi Energy’s journey began on the 5th of April of 2000 when it was founded as a company aimed at upgrading the Kingdom's energy industry by connecting its networks and leveraging the shared potential to produce and plan energy nationally.

The company soon began providing its services in production, transportation, and distribution, which has contributed to improving power efficiency and increasing the reliability of power supply, in addition to encouraging investment in this vital sector.
At the beginning of 2002, the company adopted a new organizational structure that strengthened its performance and charted its future directions.

In early 2012, the subsequent growth stage was establishing the National Electricity Transmission Company to transport, operate, and maintain electricity transmission systems across the kingdom.
In March 2014, the organizational structure of energy trade and partnerships was adopted, strengthening trade relations with energy producers and consumers