Riyadh – Mubasher: Electrical Industries Co. (EIC) announced signing an agreement with Saudi Electricity Co. to supply electrical equipment through EIC’s subsidiaries, namely: Wahah Electric Supply Company of Saudi Arabia Ltd. (WESCOSA) and Saudi Transformers Co. Ltd, according to a filing to the Saudi Stock Exchange (Tadawul).

The deal worth SAR 334 was signed on Sunday, 30 August, EIC said in its statement, adding that the equipment supply will begin in 2016. The financial outcome from the deal will be reflected in EIC’s financial statement next year, it added.