| Element List | Explanation |
|---|---|
| Introduction | Electrical Industries Company is pleased to announce to its shareholder that its subsidiaries, (WESCOA and Saudi Transformers Company) have signed agreements with Saudi Electricity Co, for the supply of electrical equipment. |
| Date of Announcement of the Award | 2024-03-27 Corresponding to 1445-09-17 |
| Contract Subject Matter | Supply of electrical equipment |
| The Entity with Which the Contract was Signed | Saudi Electricity Company |
| Date of Signing the Contract | 2024-03-31 Corresponding to 1445-09-21 |
| Contract Value | Approximately SAR 158 million |
| Contract Details | According to the agreements, the Company, through its subsidiaries will supply electrical equipment to Saudi Electricity Company, based on purchase orders issued by the latter. |
| Contract Duration | 12Months |
| Financial Impact and the Relevant Period | The agreements are expected to have a positive impact on the Company’s financial results for the years 2024 and 2025. |
| Related Parties | None |
| Additional Information | It is important to note that the agreements are binding on Electrical Industries Company, but not binding on Saudi Electricity Company. |
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