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Electrical Industries Co. Announces Contract Sign Off with Tecnicas Reunidas Saudia for Services and Contracting Co. Ltd.

1303
EIC
-0.79 %
1446/09/13     13/03/2025 09:18:15

Element ListExplanation
Introduction Electrical Industries Co. is pleased to announce to its shareholder that one of its subsidiaries (Saudi Power Transformers Co.) has signed a contract with Tecnicas Reunidas Saudia for Services and Contracting Co. Ltd for the supply of Transformers.
Date of Announcement of the Award 2025-03-12 Corresponding to 1446-09-12
Contract Subject Matter : Design, manufacture and supply of Transformers
The Entity with Which the Contract was Signed Tecnicas Reunidas Saudia for Services and Contracting Co. Ltd.
Date of Signing the Contract 2025-03-12 Corresponding to 1446-09-12
Contract Value SAR 129,371,000
Contract Details Design, manufacture and supply of Transformers
Contract Duration 18 Months
Financial Impact and the Relevant Period The contract is expected to have a positive financial impact on the Company results for the year 2026.
Related Parties None
Additional Information None

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.

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