Electrical Industries' subsidiary inks SAR 153 mln supply contract with Saudi Aramco

06/07/2023 Argaam

Electrical Industries' subsidiary inks SAR 153 mln supply contract with Saudi Aramco

Logo of Electrical Industries Co.

Electrical Industries Co.'s subsidiary Saudi Power Transformers Co. signed a contract with Saudi Aramco for the supply of transformers to the latter, according to a statement to Tadawul.

 

The SAR 153 million deal has a supply term of 20 months, said the company.

 

Electrical Industries expects the contract to have a positive impact on its financial results as of 2025.

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