Electrical Industries unit wins Saudi transformers supply deal

17/03/2025 03:51 AST

Saudi-based Electrical Industries Company has announced that one of its key subsidiaries - Saudi Power Transformers Company - has been awarded a contract by Tecnicas Reunidas Saudia for Services and Contracting Company to supply transformers for a major project.

Headquartered in Al Khobar, Tecnicas Reunidas Saudia is a key unit of leading Spanish EPC contractor catering to the oil and gas, refining and petrochemical, power generation and infrastructure sectors.

Under the SAR129.3 million ($34.3 million) deal, Saudi Power Transformers Company will be responsible for the design, manufacture and supply of transformers, said Electrical Industries Company in its filing to Saudi bourse Tadawul.

The entire contract will be completed in 18 months, it stated.

The contract is expected to have a positive financial impact on the company results for the year 2026, it added.


Trade Arabia

Most Viewed Companies

Ticker Price Volume

Valuation

EIC Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
RIYADHCABLES 130.70 4.60 (3.64%)
ASTRAINDUSTRIAL 143.30 2.00 (1.41%)
ALBABTAIN 66.20 1.55 (2.39%)
SAUDICERAMICS 29.56 0.30 (1.02%)
BAWAN 43.30 0.02 (0.04%)

Recent News

Gulf Bank wins 2 prestigious awards from International Business Magazine for 2026

30/04/2026

Gulf Bank has received two prestigious awards from International Business Magazine for 2026: Best Corporate Banking Mobile Application in the Middle East and Excellence in Customer Experience in Bank

Kuwait Times

Tecom Q1 net profit surges 11pc to $201m

30/04/2026

Tecom Group, the creator of specialised business districts and vibrant communities, has delivered solid results for the first quarter of 2026, recording a net profit of AED755 million ($201 million),

Trade Arabia

Dubai sets new record with lowest electricity customer minutes lost

30/04/2026

Dubai Electricity and Water Authority (Dewa) has announced that it has set a new world record for the lowest electricity customer minutes lost (CML), at just 0.82 minutes (about 49 seconds) per year.

Trade Arabia

Emirates Stallions Group nets solid Q1 growth; revenue up 11pc

30/04/2026

Emirates Stallions Group, a subsidiary of IHC and a leading UAE conglomerate operating across construction and real estate sectors, has delivered double-digit growth across key financial indicators w

Trade Arabia

Umm Al Qura in deal to develop debut Kempinski Residences in Makkah

30/04/2026

Saudi-based Umm Al Qura For Development and Construction has announced that it has signed an agreement with global hospitality major Kempinski Group to operate its first branded residences in Makkah.

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap