Electrical Industries Co. (EIC) News - Mubasher Info
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Electrical Industries Co. (1303)

Last update: 03:19 PM market time.
15.75
-0.05
-0.32%
Open 15.83
Previous Close 15.80
High 16.00
Low 15.66
Stock Statistics
Volume 1,800,494
Turnover 28,450,317.45
All data are 15 minutes late during market session

News

Photo Archive
26 October 2021 04:58 PM EIC achieves SAR 10m profits in Q3
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 …
Financial Results
Photo Archive
13 September 2021 09:40 AM EIC appoints Chairman, Vice Chairman
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, …
Board of Directors
EIC posted earnings per share of SAR 0.33 in H1-21
11 August 2021 04:36 PM EIC turns profitable at SAR 15m in H1-21
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 …
Financial Results
The dividends distribution is set to take place on 9 May
27 April 2021 00:56 PM EIC’s shareholders approve SAR 0.5/shr dividends
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 …
General Assembly
EIC is in the final process of establishing PAUWELS Transformers Co.
18 April 2021 10:53 AM EIC buys CG Power Belgium’s assets for EUR 5m
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 …
Companies Investments
The company's revenues jumped by 12.32%
16 March 2021 04:30 PM EIC turns to profitability in 2020
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 …
Financial Results
Photo Archive
2 December 2020 04:22 PM EIC announces liquidation of unit
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, …
Management Decisions
Photo Archive
29 November 2020 10:00 AM EIC completes final phase of share buyback at SAR 7.2m
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). …
Companies Investments
The signed deals will mature on 31 March 2022.
26 November 2020 04:26 PM EIC, Bawan units pen SAR 166m deals with SEC
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 …
Companies Investments
The contracts’ maturity period will end on 30 March 2022.
15 November 2020 04:06 PM EIC’s units to supply electrical equipment to SEC for SAR 110m
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, …
Companies Investments
EIC's third-quarter revenues jumped by 11.5% annually.
27 October 2020 04:39 PM EIC records SAR 6.7m profit in Q3
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 …
Financial Results
Photo Archive
24 August 2020 10:33 AM EIC in talks to buy CG Power Belgium’s assets
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 …
Board of Directors
The company purchased 7,100 shares
3 November 2019 11:44 AM Saudi EIC completes 2nd phase of share buyback
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 …
Company News
The company bought 11,000 shares
31 October 2019 01:28 PM Saudi EIC completes 1st phase of share buyback
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, …
Company News
The new plant will produce insulators used in manufacturing electricity transformers
13 October 2019 04:12 PM EIC pens MoU with Russian Izolyator to establish insulators plant
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 …
Company News
The company incurred SAR 1.7 million in losses during Q2-19
31 July 2019 11:46 AM Saudi EIC suffers near SAR 2m in Q2
Riyadh – Mubasher: Electrical Industries Company (EIC) posted its interim financial results for the three-month period between April and June. The company incurred SAR 1.7 million losses during Q2-19, against profits of SAR 1.9 million in Q2-18, …
Financial Results
EIC stated that net profits dropped 82.26% to SAR 1.94 million in Q2-18
30 July 2018 02:22 PM EIC’s stock hits 2.5-yr low Monday on Q2 profit decline
Riyadh – Mubasher: Electrical Industries Co's (EIC) stock declined 9.15% to SAR 19.46 on Monday on the Saudi Stock Exchange (Tadawul) by 1:50 pm Saudi time, registering its sharpest losses in more than two years and a half, or since 20 January …
Trading Activities
EIC’s net profits increased to SAR 11.44 million in Q3-17, from SAR 10.49 million in Q3-16, according to a bourse filing
26 October 2017 06:35 PM Higher sales push Saudi EIC profits up in Q3
Riyadh – Mubasher: Saudi Arabia-based Electrical Industries Co. (EIC) on Thursday stated that its net profits grew 9.07% year-on-year in the third quarter of 2017. EIC’s net profits rose to SAR 11.44 million in Q3-17, from SAR 10.49 million in …
Financial Results
The Saudi electricity provider company posted SAR 10.92 million in Q2-17, compared to SAR 9.78 million in Q2-16
20 July 2017 00:03 PM Saudi EIC profits grow 12% in Q2 on lower sales cost
Riyadh – Mubasher: Electrical Industries Co. (EIC) on Thursday said its profits increased 11.69% year-on-year in the second quarter of 2017. Quarter-on-quarter, the firm’s profits rose slightly by 2.57%, according to a bourse filing to the Saudi …
Financial Results
(Photo Credit: Company website)
8 May 2017 11:29 AM Saudi EIC Q1 profits rise 13% on lower sales cost
Riyadh – Mubasher: Electrical Industries Company (EIC) on Monday reported a 12.73% increase in its profits for the first quarter of 2017, compared to Q1-16. Profits rose to SAR 10.65 million ($2.84 million) in Q1-17, compared to SAR 9.44 million …
Financial Results
(Photo archive)
26 April 2017 10:35 AM EIC to distribute SAR 40.5m dividends for 2016
Riyadh – Mubasher: The ordinary general meeting (OGM) of Electrical Industries Co (EIC) approved the distribution of dividends for 2016. The company would distribute dividends at 9% of its capital, or SAR 0.90 per share, totalling SAR 40.5 …
Cash Dividends
(Photo Credit: Company website)
2 April 2017 10:39 AM EIC to discuss 2016 dividends 25 April
Riyadh – Mubasher: Saudi Arabia's Electrical Industries Co (EIC) said its ordinary general meeting (OGM) will take place on 25 April to discuss dividend distribution for 2016. The company would distribute dividends at 9% of its capital, or SAR …
General Assembly
Photo Credit: Arabianeye-Reuters
14 March 2017 04:26 PM Electrical Industries to distribute dividends at SAR 0.9/shr
Riyadh - Mubasher: The board of Electrical Industries recommended the distribution of cash dividends at 90 halala, representing 9% of the capital, according to a bourse filing. The company said in a statement to the Saudi Stock Exchange (Tadawul) …
Cash Dividends
EIC branch in Saudi Arabia (Photo archive)
26 January 2017 09:48 AM Electrical Industries to fully acquire Saudi Transformers Co
Riyadh – Mubasher: Electrical Industries Company (EIC) announced signing a memorandum of understanding (MoU) with CG Power Systems Belgium NV, the foreign partner in EIC's subsidiary Saudi Transformers Co. Under the deal signed on Wednesday, EIC …
Mergers and Acquisitions
The financial impact of the deal is expected to appear on the first quarter of 2017- (Photo Credit: Company website)
20 September 2016 05:01 PM Electrical Industries, SEC ink SAR 210m deals
Riyadh – Mubasher: Electrical Industries Co. (EIC) signed agreements with Saudi Electricity Company (SEC) at a value of SAR 210 million on Monday. The contract is binding only on EIC, according to a bourse filing on Tuesday. Under the deal, EIC …
Companies Investments