The state-run SPA news agency said the three had been found guilty of "smuggling quantities of heroin in their stomachs".
It named the three men as Mohammed Ashraf Shafi Mohammed, Mohammed Aref Mohammed Anayt and Mohammed Afdal Asghar Ali. All three are Pakistani citizens.
SPA reported 153 people being executed in the ultra-conservative kingdom last year, a number confirmed by London-based rights group Amnesty International.
Among those executed was Shiite cleric Nimr al-Nimr, a high-profile figure behind a string of Shiite protests in 2011 demanding reform in the Sunni-ruled kingdom.
Saudi Arabia has a strict Islamic legal code under which murder, drug trafficking, armed robbery, rape and apostasy are all punishable by death.
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