Electrical Industries Co (1303)

Riyadh – Mubasher: WESCOA and Saudi Transformers Company, a subsidiary of Electrical Industries Company (EIC), penned agreements valued at SAR 158 million with Saudi Electricity Company (SEC). The subsidiary will supply electrical equipment to SEC …

Riyadh – Mubasher: Saudi Power Transformers Company, a subsidiary of Electrical Industries Company (EIC), has signed a SAR 125.77 million contract with Larsen &Toubro Saudi Arabia. The agreement includes a purchase order for the supply of …

Riyadh – Mubasher: Electrical Industries Company’s (EIC) board of directors approved the distribution of SAR 84.37 million, or SAR 0.075 per share, in cash dividends for the second half (H2) of 2023. The distribution date is 24 April 2024 and the …

Riyadh – Mubasher: Electrical Industries Company (EIC) achieved net profits amounting to SAR 201.03 million in 2023, higher by 113.48% year-on-year (YoY) than SAR 94.17 million. The company generated revenues valued at SAR 1.55 billion as of 31 …

Riyadh – Mubasher: Electrical Industries Company (EIC) logged net profits after Zakat and tax worth SAR 141.56 million in the first nine months (9M) of 2023, marking a 160.64% jump from SAR 54.31 million in 9M-22. The earnings per share (EPS) …

Riyadh – Mubasher: The board of Electrical Industries Company (EIC) decided to pay out cash dividends amounting to SAR 84.37 million for the first half (H1) of 2023. A dividend of SAR 1.50 per share will be granted to 56.25 million eligible …

Riyadh – Mubasher: Saudi Power Transformers Company, a subsidiary of Electrical Industries Company (EIC), signed a contract with AL Toukhi Company at a value of SAR 20.57 million. EIC’s unit will design, manufacture, and provide transformers for …

Riyadh – Mubasher: Saudi Power Transformers Company, a subsidiary of Electrical Industries Company (EIC), inked a SAR 153 million contract with Saudi Arabian Oil Company (Aramco). Under the agreement, EIC’s unit will provide oil giant Aramco with …

Riyadh – Mubasher: Saudi Transformers Company, a subsidiary of Electrical Industries Company (EIC), won a SAR 79 million project contract on 20 April, according to a bourse disclosure. The deal covers the provision of distribution transformers for …

Riyadh – Mubasher: Electrical Industries Company (EIC) has registered net profits after Zakat and tax worth SAR 48.84 million last year, a year-on-year (YoY) jump of 104.17% from SAR 23.92 million. The revenues increased by 18.80% in 2021, …

Riyadh – Mubasher: Electrical Industries Company (EIC) posted an increase of 49.7% in net profits after Zakat and tax to SAR 10.13 million during the third quarter (Q3) of 2021 from SAR 6.77 million in Q3-20. Revenues soared by 40% to SAR 207.63 …

Riyadh – Mubasher: Electrical Industries Company (EIC) has appointed Yousef Ali Al Quraishi as the Chairman of the board for the coming three years. EIC also appointed Mahmoud Mohamad Al Toukhi as the Vice Chairman of the board for the same term, …

Riyadh – Mubasher: The Electrical Industries Company (EIC) turned to net profits after Zakat and tax worth SAR 14.95 million in the first half (H1) of 2021, against net losses of SAR 10.72 million in H1-20. EIC posted earnings per share of SAR …

Riyadh – Mubasher: Electrical Industries Company’s (EIC) ordinary general meeting approved dividends of SAR 0.5 per share for 2020, according to a disclosure to Tadawul on Tuesday. The company will distribute 5% of the share’s nominal value as …

Riyadh – Mubasher: Electrical Industries Company (EIC) signed an agreement to purchase the assets of CG Power Belgium, a company under liquidation, for EUR 5 million (SAR 22.7 million), according to a bourse filing on Sunday. The assets include …

Riyadh – Mubasher: Electrical Industries Company (EIC) announced net profits after Zakat and tax of SAR 23.923 million in 2020, against SAR 40.193 million net losses in 2019. The company's revenues jumped by 12.32% to SAR 648.686 million last year …

Riyadh – Mubasher: Electrical Industries Company (EIC) has completed the required procedures for the liquidation of its subsidiary, CG Power Systems Solutions Saudi Arabia. There will be no material impact on EIC due to its unit’s liquidation, …

Riyadh – Mubasher: Electrical Industries Company (EIC) completed on 26 November 2020 the final phase to purchase its own shares under the incentives shares programme, subject to the approval of the company's extraordinary general meeting (EGM). …

Riyadh – Mubasher: WESCOSA and the Saudi Transformers Company (STC), subsidiaries of Electrical Industries Company (EIC), signed agreements to supply Saudi Electricity Company (SEC) with electrical equipment. The total value of the deals, which …

Riyadh – Mubasher: Electrical Industries Company’s (EIC) subsidiaries, WESCOSA and the Saudi Transformers Company (STC), have inked optional supply agreements with the Saudi Electricity Company (SEC) to supply electrical equipment. The deals, …

Riyadh – Mubasher: Electrical Industries Company (EIC) gained net profits of SAR 6.771 million in the third-quarter (Q3) of the year, compared with SAR 1.502 million a year earlier,   The rise in profits was driven by higher sales, lower Zakat and …

Riyadh – Mubasher: The Board of Directors of Electrical Industries Company (EIC) agreed to enter into negotiation to conclude a purchase agreement with the Liquidator in Belgium to buy the assets of CG Power Belgium (under liquidation), a leading …

Riyadh – Mubasher:  Electrical Industries Company (EIC) has completed the second phase of buying back its shares to be allocated for employees’ incentives programme. The company purchased 7,100 shares valued at SAR 105,080, or SAR 14.8 per share …

Riyadh – Mubasher: Electrical Industries Company (EIC) has completed the first phase of buying back its shares to be allocated for employees’ incentives programme. The company bought 11,000 shares valued at SAR 162,800, or SAR 14.8 per share, …

Riyadh – Mubasher: Electrical Industries Company (EIC) has signed a non-binding memorandum of understanding with Russia’s Izolyator Company to build an insulators plant in Saudi Arabia. The new plant will produce insulators used in manufacturing …