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, valued at SAR 110 million approximately, are binding only to EIC, according to a bourse statement on Sunday.

The contracts’ maturity period will end on 30 March 2022, EIC said, expecting the transactions to reflect positively on its financial statements for 2021.