Electrical Industries, SEC ink supply contracts worth SAR 334 mln

30/08/2015 Argaam

Electrical Industries Co. (EIC) has signed a number of supply contracts with Saudi Electricity Co. (SEC) worth a total of SAR 334 million, EIC said in a statement to Tadawul.

 

Under the agreements’ terms, EIC’s subsidiaries The Saudi Transformers Company (STC) and Wahah Electric Supply Company of Saudi Arabia (WESCOSA), will supply electrical equipment to SEC.

 

The financial impact is expected to reflect on EIC’s 2016 results.

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