Electrical Industries, Tecnicas Reunidas sign SAR 129.4M contract

13/03/2025 Argaam
Logo ofElectrical Industries Co.

Logo of Electrical Industries Co.

Electrical Industries Co. announced that one of its subsidiaries, Saudi Power Transformers Co. (SPTC), signed a transformer supply contract worth SAR 129.4 million with Tecnicas Reunidas Saudia for Services and Contracting Co. Ltd.

 

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In a statement to Tadawul, the company said that the contract was signed on March 12 and has a duration of 18 months.

 

Electrical Industries expects the contract to positively impact its 2026 financial results.

 

There are no related parties involved in the deal, the statement said.

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