Electrical Industries Co. — Capital/Financing Update 2026

Jan 19, 2026

Electrical Industries Co. Announces Contract Sign Off with ENEDIS Company

1303 · 19/01/2026 15:39:54 · Announcement #92720 · View on Saudi Exchange

Electrical Industries Co. Announces Contract Sign Off with ENEDIS Company

Element List	Explanation
Introduction	Electrical Industries Co. announces that one of its subsidiaries (Pauwels Transformers Co. Belgium) has signed a Framework Agreement with ENEDIS Co., the main Electricity Distribution Network Operator in France.
Date of Announcement of the Award	2026-01-19 Corresponding to 1447-07-30
Contract Subject Matter	Supply Power Transformers to the French Electricity Distribution Network.
The Entity with Which the Contract was Signed	ENEDIS Company
Date of Signing the Contract	2026-01-19 Corresponding to 1447-07-30
Contract Value	Approximately SAR 150.4 million ( Execulding VAT).
Contract Details	Design, Manufacture and Supply Power Transformers to the French Electricity Distribution Network
Contract Duration	Five (5) years with options to extend for up to three (3) additional years (through 2033).
Financial Impact and the Relevant Period	The contract is expected to have a positive financial impact on the Company results starting from year 2027.
Related Parties	None
Additional Information	This contract confirms the strategic position of EIC in the European market. Noting that the Transformers will be designed and manufactured at Pauwels transformers factory in Mechelen, Belgium. The contract includes a price variation clause to protect the company against fluctuations in raw material costs.

The total contract value may reach approximately SAR 227.3 million, if all optional extension periods are exercised.

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