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Electrical Industries Co. — Capital/Financing Update 2025
Sep 11, 2025
53270_rns_2025-09-11_d3e851fb-a6f8-44c5-bf51-6a46318de1ad.html
Capital/Financing Update
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Electrical Industries Company announces Contract Sign off with Saudi Electricity Company
1303 · 11/09/2025 09:16:03 · Announcement #90127 · View on Saudi Exchange
Electrical Industries Company announces Contract Sign off with Saudi Electricity Company
| Element List | Explanation |
|---|---|
| Introduction | 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 | 2025-09-10 Corresponding to 1447-03-18 |
| Contract Subject Matter | Supply of electrical equipment. |
| The Entity with Which the Contract was Signed | Saudi Electricity Co. |
| Date of Signing the Contract | 2025-09-10 Corresponding to 1447-03-18 |
| Contract Value | Approximately SAR 785.5 million (Excluding VAT). |
| Contract Details | According to the agreements, EIC, through its subsidiaries, will supply electrical distribution substations 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. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.