Electrical Industries Co. — Capital/Financing Update 2025

Sep 17, 2025

Electrical Industries Co. Announces Contract Sign Off with Saudi Electricity Co.

1303 · 17/09/2025 16:00:43 · Announcement #90222 · View on Saudi Exchange

Electrical Industries Co. Announces Contract Sign Off with Saudi Electricity Co.

Element List	Explanation
Introduction	Electrical Industries Co. announces that one of its subsidiaries (Saudi Power Transformers Co.) has signed a contract with Saudi Electricity Co, for localization and delivery of EHV & HV Transformers and Reactors.
Date of Announcement of the Award	2025-09-17 Corresponding to 1447-03-25
Contract Subject Matter	Localization and delivery of EHV & HV Transformers and Reactors
The Entity with Which the Contract was Signed	Saudi Electricity Co.
Date of Signing the Contract	2025-09-17 Corresponding to 1447-03-25
Contract Value	SAR 1,411,355,000 (Excluding VAT).
Contract Details	Localization and delivery of EHV&HV Transformers to Saudi Electricity Co.

According to the contact terms, the Saudi Electricity Co. has the right to increase the contract value by up to 40% of the original value. Also, the contract guarantees a commitment from SEC to execute at least 70% of the contractual value. If the option of increase is exercised, the total value of the contract may reach around SAR 2 billion. Contract Duration 84 Months Financial Impact and the Relevant Period It is expected that the contract will have a positive financial impact on the company’s financial results during the period 2027-2033 Related Parties None Additional Information It is worth noting that Saudi Power Transformers Co. is currently working on the expansion project of its factory, which was announced on 15-5-2024, to support growth plans and to meet the expected demand under this contact and other future contracts, and the investment cost of the expansion project is around SAR 192 million.

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