Electrical Industries Co. (1303)

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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 …

Financial Results

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 …

Banking and Finance

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 …

Board of Directors

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

11 March 2024 04:56 PM EIC’s net profits exceed SAR 201m in 2023

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 …

Financial Results

30 October 2023 10:30 AM EIC’s profits leap over 160.5% in 9M-23

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) …

Financial Results

31 August 2023 11:10 AM EIC to disburse 15% of capital as dividends for H1-23

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 …

Board of Directors

21 August 2023 09:50 AM EIC’s unit secures SAR 20.5m contract

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 …

Companies Investments

9 July 2023 09:59 AM EIC pens SAR 153m agreement with Aramco

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 …

Companies Investments