Electrical Industries Company announces that two of its subsidiaries, (WESCOSA and Saudi Transformers Co.) have signed agreements with Saudi Electricity Co., for the supply of electrical equipment.
Date of Announcement of the Award
2025-09-16 Corresponding to 1447-03-24
Contract Subject Matter
Supply of electrical equipment.
The Entity with Which the Contract was Signed
Saudi Electricity Co.
Date of Signing the Contract
2025-09-16 Corresponding to 1447-03-24
Contract Value
Approximately SAR 198.5 million (Excluding VAT).
Contract Details
According to the agreements, EIC, through its subsidiaries, will supply electrical distribution transformers to Saudi Electricity Co., based on purchase orders issued by SEC.
Contract Duration
19 Months
Financial Impact and the Relevant Period
It is expected that the agreements will have a positive financial impact on the Company’s financial results for the years 2025 - 2027.
Related Parties
None
Additional Information
It is important to note that the agreements are binding to Electrical Industries Company subsidiaries and not binding to Saudi Electricity Co.
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