| Element List |
Explanation |
| Introduction |
With reference to Electrical Industries Company announcement on Saudi Exchange website dated 25-04-2023 regarding award contract with the Ministry of Electricity & Water and Renewable Energy in Kuwait , the Company is pleased to announce to its shareholder that one of its subsidiaries (Saudi Transformers Co) has signed a contract with the Ministry of Electricity & Water and Renewable Energy in Kuwait for the supply of Distribution Transformers through its agent in Kuwait (Faddan General Trading & Contracting Co). |
| Date of Announcement of the Award |
2023-04-25 Corresponding to 1444-10-05 |
| Contract Subject Matter |
Supply of Distribution Transformers |
| Date of Signing the Contract |
2023-06-21 Corresponding to 1444-12-03 |
| Contract Value |
SAR 79 million |
| Contract Details |
Supply of Distribution Transformers |
| Contract Duration |
Months18 |
| Financial Impact and the Relevant Period |
The contract is expected to have a positive impact on the financial results of the Company for years 2023 - 2024. |
| Related Parties |
None |
| Additional Information |
None |
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