Electrical Industries Co. (1303)

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News

26 July 02:39 PM Major equity ownership changes focus on Alandalus Property, EIC

Riyadh — Mubasher: Significant shifts in major ownership stakes across the Saudi Exchange (Tadawul) were highlighted by a substantial new position in Alandalus Property Company and a notable reduction in Electrical Industries Company (EIC), …

Market News

26 July 07:50 AM EIC’s major shareholder Ajda transfers 42m shares via internal restructuring

Riyadh - Mubasher: Electrical Industries Company (EIC) received notification from a major shareholder, Ajda Industrial Services Company, regarding the completion of an internal share transfer. The shareholder, which holds an 18.75% stake in the …

Company News

23 July 01:37 PM EIC to distribute 25% cash dividends for H1-26

Riyadh - Mubasher: Electrical Industries Company’s (EIC) board of directors has approved a cash dividend distribution of SAR 140.63 million to shareholders for the first half (H1) of 2026. The payout is equivalent to 25% of the share's nominal …

Company News

23 July 09:08 AM EIC’s net profits leap 55% in Q2-26 on strong high-voltage project demand

Riyadh - Mubasher: Electrical Industries Company (EIC) reported a 54.72% surge in net profit for the second quarter (Q2) of 2026, reaching SAR 211.53 million when compared to SAR 136.72 million in Q2-25. The growth was primarily driven by a surge …

Company News

19 July 03:39 PM MESC records 3.26% gain as Tadawul’s Capital Goods Index edges lower

Riyadh – Mubasher: The Saudi Capital Goods sector (TCGI) of the Saudi Exchange (Tadawul) exhibited a marginal decline during the trading session on 19 July 2026. The sector index closed at 14,704.97 points, representing a move of -0.04%. Market …

Market News

15 July 05:33 PM EIC recovers SAR 26m fine from GAC

Riyadh - Mubasher: Electrical Industries Company (EIC) has successfully recovered a fine totaling SAR 26.10 million from the General Authority for Competition (GAC). The payment, received on 14 July 2026, follows a legal process involving two of …

Law

7 July 04:18 PM Tadawul witnesses SAR 102.5m transactions on Tuesday

Riyadh – Mubasher: Institutional and private investors executed 10 negotiated deals on the Saudi Exchange (Tadawul) totaling SAR 102.35 million. The transactions involved a total volume of 3.78 million shares across three listed companies, …

Companies Investments

28 April 12:17 PM EIC generates SAR 191m profits in Q1-26 initial financials

Riyadh - Mubasher: Electrical Industries Company (EIC) logged net profits valued at SAR 190.77 million in the first quarter (Q1) of 2026, an annual leap of 54.55% from SAR 123.43 million. The earnings per share (EPS) jumped to SAR 0.17 in Q1-26 …

Company News

3 March 01:31 AM EIC announces dividend payout for H2-25, additional disbursement of SAR 281m for full year

Riyadh – Mubasher: The board of Electrical Industries Company (EIC) decided to distribute cash dividends totaling SAR 140.62 million for the second half (H2) of 2025, as per the meeting held on 2 March 2026. The SAR 0.125 dividend payout for H2-25 …

Cash Dividends

2 March 02:21 PM EIC posts nearly 57% higher profits in 2025

Riyadh - Mubasher: The net profits attributable to the shareholders of Electrical Industries Company (EIC) hit SAR 629.92 million in 2025, signaling a 56.80% year-on-year (YoY) surge from SAR 401.73 million. The earnings per share (EPS) rose to …

Financial Results

29 December 2025 06:08 PM We keep ‘Neutral’ stance on Saudi equity market – EFG Hermes

Riyadh – Mubasher: A recent report by EFG Hermes, an EFG Holding Company, indicated that the outlook for Saudi Arabia remains challenging, yet the market is believed to have decently corrected and is too cheap to be deemed ‘underweight’. EFG …

Sector Reports

23 October 2025 05:22 PM EIC logs 42% surge in 9M-25 net profits

Riyadh - Mubasher: Electrical Industries Company (EIC) achieved net profits worth SAR 421.21 million during the first nine months (9M) of 2025, an annual jump of 41.72% from SAR 297.19 million. Revenues rose by 3.58% to SAR 1.59 billion in …

Financial Results

15 October 2025 05:17 PM EIC’s subsidiary signs SAR 80m purchase agreement

Riyadh - Mubasher: Pauwels Transformers Company, a unit of Electrical Industries Company (EIC), has purchased a plot of land and the existing buildings in a public auction, which was held in Mechelen city. Bankruptcy Trustees of the properties of …

Companies Investments

18 September 2025 07:23 PM EIC’s units pen SAR 1.6bn joint agreements with SEC

Riyadh - Mubasher: WESCOSA and Saudi Transformers Company, subsidiaries of Electrical Industries Company (EIC), have signed a SAR 198.50 million agreement with Saudi Electricity Company (SEC) on 16 September. The 19-month deal covers the supply of …

Companies Investments

16 September 2025 08:49 AM EIC’s subsidiaries pen SAR 785.5m supply deal with SEC

Riyadh – Mubasher: WESCOSA and Saudi Transformers Company, subsidiaries of Electrical Industries Company (EIC), inked a SAR 785.50 million agreement with Saudi Electricity Company (SEC) on 10 September. Through its subsidiaries, EIC will supply …

Companies Investments

1 May 2025 02:49 PM EIC sees higher profits at SAR 123.5m in Q1-25

Riyadh – Mubasher: Electrical Industries Company (EIC) recorded 64.07% higher net profits at SAR 123.43 million in the first quarter (Q1) of 2025, compared to SAR 75.23 million in Q1-24. Earnings per share (EPS) climbed to SAR 0.11 in Q1-25 from …

Financial Results

4 March 2025 03:52 PM EIC generates nearly 100% higher net profit on back of revenue growth at SAR 1.9bn

Riyadh – Mubasher: The net profits of Electrical Industries Company (EIC) almost doubled in 2024 after increasing by 99.83% to SAR 401.73 million compared to SAR 201.03 million in 2023. The earnings per share (EPS) rose to SAR 0.36 as of 31 …

Financial Results

31 October 2024 10:56 AM EIC’s profits surpass SAR 297m in 9M-24

Riyadh – Mubasher: Electrical Industries Company (EIC) logged net profits valued at SAR 297.19 million in the first nine months (9M) of 2024, marking an annual leap of 109.93% from SAR 141.56 million. EIC posted revenues worth SAR 1.54 billion in …

Financial Results

18 August 2024 10:58 AM EIC’s unit rolls out SAR 281m deal

Riyadh – Mubasher: Saudi Power Transformers Company, a subsidiary of Electrical Industries Company (EIC), inked a SAR 281.13 million contract with the Branch of Hyundai Engineering Company Limited. The two parties signed the agreement on 14 August …

Companies Investments

31 July 2024 09:59 AM EIC to pay SAR 112.5m cash dividends for H1-24

Riyadh – Mubasher: The board members of Electrical Industries Company (EIC) greenlighted cash dividends valued at SAR 112.50 million for the first half (H1) of 2024, according to a bourse disclosure. The company will disburse a dividend of SAR …

Cash Dividends

25 July 2024 00:35 PM EIC’s net profits leap 106.5% in H1-24

Riyadh – Mubasher: Electrical Industries Company (EIC) achieved a net profit valued at SAR 175.84 million in the first half (H1) of 2024, higher by 106.53% than SAR 85.14 million in H1-23. Revenues amounted to SAR 1.03 billion in H1-24, up 37.37% …

Financial Results

2 May 2024 10:36 AM EIC posts 114% higher profits in Q1-24 initial results

Riyadh – Mubasher: Electrical Industries Company (EIC) recorded a 114.09% year-on-year (YoY) surge in net profit to SAR 75.23 million during the first quarter (Q1) of 2024, compared to SAR 35.13 million. Revenues jumped by 42.59% to SAR 542.08 …

Financial Results

1 April 2024 03:50 PM EIC’s unit pens SAR 158m deal with SEC

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 …

Companies Investments

27 March 2024 11:56 AM EIC’s unit inks contract to supply transformers to Aramco

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 …

Companies Investments

12 March 2024 11:03 AM EIC’s board nods to SAR 84m dividends for H2-23

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 …

Corporate Actions