Electrical Industries’ subsidiaries sign SAR 785.5M agreements with SEC

Electrical Industries Co. expects a positive impact from deals with SEC 

Electrical Industries Co.’s (EIC) subsidiaries, WESCOSA and Saudi Power Transformers Co., on Sept. 10, signed some agreements  to supply electrical equipment to Saudi Electricity Co. (SEC) with a total value of nearly SAR 785.5 million (excluding VAT).

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In a statement to Tadawul, the company pointed out that under the agreements, EIC — through its subsidiaries — will supply SEC with electrical distribution stations based on purchase orders issued by the latter.